The Nigerian Export Promotion Council has announced that the country’s non-oil exports climbed to $3.225bn in the first half of 2025, marking a 19.59 per cent increase over the $2.696bn recorded in the same period last year.
The Executive Director/Chief Executive Officer of the NEPC, Nonye Ayeni, disclosed this in Abuja on Sunday while presenting the council’s First Half-Year Progress Report on Nigeria’s non-oil export performance, OBSERVERS TIMES report
She said the shipment volume also rose to 4.04 million metric tonnes from 3.83 million metric tonnes in the first half of 2024, driven by strong global demand for Nigerian products from emerging markets such as India, Brazil, Vietnam, and other African countries.
According to Ayeni, the report offers a comprehensive overview of the council’s achievements, challenges, and prospects as the year draws to a close.
“Gentlemen of the press, it is on this note that I am pleased to inform you that non-oil products exported in the first half of 2025 were valued at $3.225bn. This shows an increase of 19.59 per cent as against the sum of $2.696bn recorded for the first half of the year 2024,” she said.
The NEPC boss noted that the growth in export value was matched by a rise in shipment volume, recalling that in the first quarter alone, non-oil exports were valued at $1.791bn, a 24.75 per cent rise over the $1.436bn posted in Q1 2024.
Volumes in the same quarter increased to 2.416 million metric tonnes, up 24.3 per cent from the 1.937 million metric tonnes shipped in the corresponding period last year
OBSERVERS TIMES recalled that the ongoing CBN’s reforms are playing a significant role in boosting Nigeria’s non-oil sector by promoting diversification, improving access to finance, and enhancing the competitiveness of local businesses. These reforms are creating a more stable and supportive environment for non-oil exports, which is crucial for the country’s economic growth and sustainability
The CBN’s reforms are contributing to a more competitive environment for Nigerian businesses by promoting transparency, efficiency, and innovation.
The introduction of the willing buyer-willing seller FX model has helped to stabilize the exchange rate and improve access to foreign exchange for businesses.
This, in turn, makes it easier for Nigerian businesses to import raw materials, invest in new technologies, and compete with international players.
