Economy & Market

Non-Oil Export Records 24.7% Surge, Hits $1.7b

Nigeria’s non-oil export sector recorded significant growth in the first quarter of 2025, with the total value hitting $1.791bn, the Nigerian Export Promotion Council disclosed on Monday.

This marks a 24.7 per cent increase compared to the $1.436bn recorded in the same period of 2024, according to the Executive Director of the council, Nonye Ayeni.

Speaking at a briefing on the council’s latest performance report, Ayeni said the volume of non-oil exports also rose to 2.416 million metric tonnes, up from 1.937 million metric tonnes recorded in the corresponding period of 2024.

She said, “I am glad to inform you that Nigeria’s non-oil products exported in the first quarter of 2025 were valued at $1.791bn. This is a 24.75 per cent increase over and above $1.436bn reported in the first quarter of 2024.

“The volume also increased to 2.416 million metric tonnes, which is an increase of 243.44 per cent from 1.937 million metric tonnes recorded in the first quarter of 2024.”

The products exported, she noted, ranged from manufactured and semi-processed goods to industrial extracts and agricultural commodities.

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