Nigeria’s Non-Oil Exports Jump 24.75% to $1.791 Billion in Q1 2025, Says NEPC
Nigeria’s non-oil export sector recorded significant growth in the first quarter of 2025, hitting $1.791 billion in value—a 24.75% increase compared to the $1.436 billion reported in the same period of 2024.
This was revealed in a quarterly performance report released by the Nigerian Export Promotion Council (NEPC).
According to the NEPC, the total export volume also saw a remarkable surge, reaching 2.416 million metric tonnes, up from 1.937 million metric tonnes in Q1 2024—an increase of 243.44%.
The report highlighted the exportation of 197 distinct products in Q1 2025, up from 162 products in the same quarter last year.
These included manufactured goods, semi-processed and processed products, industrial raw materials, and agricultural commodities.
Leading the list of top exported items were:
• Cocoa and its derivatives: 45.02% of total exports
• Urea/Fertiliser: 19.32%
• Cashew Nuts: 5.81%
Other notable exports included sesame seeds, gold dore, aluminium and copper ingots, soya beans and meal, as well as natural rubber.
Two companies stood out as top contributors:
• Indorama Eleme Fertiliser and Chemical Ltd, which accounted for 12.07% of total non-oil exports
• Starlink Global and Ideal Ltd, contributing 10.00%
These companies played a key role in driving the strong performance recorded in the quarter.
The NEPC report also noted a significant increase in exports to West African countries. ECOWAS member states imported Nigerian non-oil goods worth $63.060 million, up from $19.517 million in Q1 2024—a 223.10% increase.
Other African countries imported goods valued at $32.732 million, representing 1.83% of total non-oil exports for the quarter.
The NEPC emphasized that this performance underscores Nigeria’s commitment to diversifying its economy away from crude oil dependency.
By promoting a broader range of exportable goods and tapping into regional and global markets, the country aims to build a more resilient economic foundation.
The Council also called for continued collaboration between government agencies, private sector players, and international partners to maintain and accelerate this upward trend in non-oil exports.
