Abuja, Nigeria – The Nigerian Export Promotion Council (NEPC) has reported a significant 19.59% increase in the country’s non-oil exports, reaching $3.225 billion in the first half of 2025, up from $2.696 billion recorded during the same period in 2024.
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Key Highlights from the Report
- Export Volume Growth: Shipments rose to 4.04 million metric tonnes, up from 3.83 million metric tonnes in H1 2024.
- Strong Q1 Performance:
- $1.791 billion in exports (24.75% increase YoY).
- 2.416 million metric tonnes shipped (24.3% rise in volume).
- Top Export Markets: India, Brazil, Vietnam, and other African nations.
Driving Factors Behind the Growth
NEPC Executive Director Nonye Ayeni attributed the positive trend to:
- Increased global demand for Nigerian agricultural and manufactured goods.
- Strategic market expansion efforts in emerging economies.
- Improved product quality and competitiveness.
Future Outlook
Ayeni expressed optimism for continued growth in H2 2025, emphasizing the NEPC’s focus on:
- Enhancing market access for Nigerian exporters.
- Boosting production standards to meet international requirements.
- Strengthening trade partnerships with high-demand regions.
Why This Matters
- Economic Diversification: Reduces Nigeria’s reliance on oil revenues.
- Job Creation: Expands opportunities in agriculture and manufacturing sectors.
- Forex Earnings: Strengthens the naira through increased dollar inflows.
Quote:
“This steady growth reflects Nigeria’s deepening footprint in global non-oil markets. We are committed to sustaining this momentum through strategic interventions.”
— Nonye Ayeni, NEPC CEO
Next Steps:
The NEPC plans to roll out additional export-support initiatives to consolidate gains and ensure Nigeria remains competitive in international trade.
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