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Home Economy

Nigeria’s Non-Oil Exports Rise to N12.36tn in 2025

Victoria Emeto by Victoria Emeto
March 12, 2026
in Economy
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Nigeria’s Non-Oil Exports Rise to N12.36tn in 2025

Nigeria’s non-oil exports recorded a significant increase in 2025, reaching N12.36 trillion between January and December, according to the latest Foreign Trade in Goods Statistics released by the National Bureau of Statistics (NBS).

The figure represents a sharp rise from the N9.09 trillion recorded in 2024, reflecting stronger export performance outside the crude oil sector and highlighting ongoing efforts to diversify the country’s export base.

The data indicates continued progress in Nigeria’s push to expand exports across agriculture, manufacturing, and solid minerals as policymakers seek to reduce dependence on crude oil revenues. Strengthening these sectors has been a key part of the country’s strategy to build a more resilient economy and increase foreign exchange earnings.

According to the NBS report, Nigeria’s non-oil exports have experienced fluctuations in recent years before rebounding strongly. Non-oil exports stood at N3.14 trillion in 2022 before declining to N2.56 trillion in 2023.

However, the sector began to recover in 2024, with exports rising sharply to N9.09 trillion. The upward trend continued into 2025, with the value increasing further to N12.36 trillion, signaling sustained growth in export sectors outside petroleum.

A breakdown of the 2025 data shows consistent export activity throughout the year, with several months recording export values above the N1 trillion mark. Analysts say the performance reflects improved export capacity in agriculture and manufacturing as well as rising global demand for certain Nigerian commodities.

Economic experts note that maintaining this growth will require sustained investment in infrastructure, improved logistics, and supportive trade policies to ensure Nigerian products remain competitive in international markets.

Tags: #NigeriaExports#Nigerianeconomy#NonOilExports#TradeGrowth
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