The Nigerian Export Promotion Council reported a 24.75% rise in non-oil export value, totaling $1.791 billion in Q1 2025, compared to $1.436 billion in Q1 2024.
Nonye Ayeni, the council’s executive director, shared this during a press conference in Abuja on Monday, highlighting the growth as evidence of Nigeria’s diversifying export sector, moving away from oil dependency.
The increase was fueled by stronger activity in agriculture, manufacturing, and solid minerals. The council also viewed the 14% U.S. trade tariff positively, seeing it as a chance to enhance value addition and global market competitiveness.
WHAT YOU SHOULD KNOW
The 24.75% growth in Nigeria’s non-oil exports in Q1 2025 is a milestone in the country’s quest for economic diversification. Driven by agriculture, manufacturing, and solid minerals, this achievement highlights the potential of Nigeria’s non-oil sectors to compete globally.
Sustaining this momentum requires addressing structural challenges, enhancing value addition, and leveraging opportunities.
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