The Minister of Industry, Trade and Investment, Jumoke Oduwole, said on Tuesday that the nation’s non-oil export grew to about 6.1 billion dollars in 2025, the highest growth ever.
The Minister, who spoke while defending the Ministry’s 2026 budget estimate before the House Committee on Commerce, said Nigeria recorded total capital importation of approximately $21 billion in the first 10 months of 2025, up from about $12 billion in 2024 and under $4 billion in 2023.
She explained that the ministry focused on translating policy into real economic activity through greater coordination, engagement, and practical facilitation.
She said Nigeria recorded a trade surplus in 2025, with total trade valued at approximately ₦113 trillion in the first three quarters of the year.
She, however, requested an upward review of the ministry’s 2026 capital budget estimate of N2.72 billion to accelerate the delivery of the Renewed Hope Agenda of President Bola Tinubu.
