Abuja, April 29, 2025 – The value of Nigeria’s non-oil exports rose by 24.75 percent to $1.791 billion in the first quarter of 2025.
This represented an improvement over the $1.436 billion realised from non-oil exports in the same period in 2024.
Nonye Ayeni, an Executive Director in the Nigerian Export Promotion Council (NEPC), disclosed this on Monday.
Ayeni, who spoke at a press briefing in Abuja, said the growth could be seen from both the value and the volume of the non-oil exports as the volume grew from 1.937 million metric tonnes in Q1 2024 to 2.416 million metric tonnes in 2025.
She also attributed the growth of the non-export during the period to increased commitments and efforts at improving the sector.
“This year, the Nigerian Export Promotion Council (NEPC) reported the highest value of export since it was established 49 years ago, with a year-on-year increase of 20.77 percent, from $4.517 billion in 2023 to $5.456 billion in 2024.
“Nigeria’s non-oil products exported in the first quarter of 2025 were valued at US$1.791 billion.
“This is a 24.75 percent increase over and above the $1.436 billion reported in the first quarter of 2024,″ Ayeni said.
She listed the major non-oil exports to include manufactured goods and semi-processed items across agricultural commodities and industrial extracts.
These included cocoa and its derivatives like cocoa butter, cocoa cake and cocoa liquor which accounted for over 45% of the non-oil exports and urea as well as fertiliser which accounted for 19.32% of non-oil exports.
There were also cashew nuts which accounted for about 5.81% of the non-oil exports. (GBN)
