Nigeria’s Non-Oil Exports Rise 19.6% to $3.23bn in First Half of 2025 — NEPC

Nigeria earned $3.225 billion from non-oil exports in the first half of 2025, marking a 19.6% increase compared to $2.696 billion recorded in the same period last year, according to the Nigerian Export Promotion Council (NEPC). NEPC Executive Director/Chief Executive Officer, Nonye Ayeni, disclosed the figures while presenting the agency’s H1 2025 Non-Oil Export Performance report in Abuja. She said the growth was driven by higher export volumes, which rose to 4.04 million metric tonnes from 3.83 million metric tonnes in the first half of 2024, as well as an increase in the number of products exported from 202 to 236. The report showed that cocoa and cocoa products accounted for the largest share of export value at 41.1%, followed by urea/fertiliser with 17.7%, and cashew nuts at 12.4%. Cashew exports alone generated $398.14 million, representing an 81% increase year-on-year. Major export destinations included India, Brazil, Vietnam, and African markets within and outside the ECOWAS region. Exports to other African countries outside ECOWAS were valued at $83.5 million, representing 2.6% of total non-oil exports, up from 1.96% a year earlier. Top exporters during the period were Indorama Eleme Fertiliser & Chemical Ltd (11.92% of total export value), Starlink Global & Ideal Ltd (8.82%), and Dangote Fertiliser Ltd (6.39%). Ayeni said the performance aligns with the Federal Government’s Renewed Hope Agenda to diversify the economy and increase value-added exports. She noted that sustaining the growth will require addressing logistics challenges, improving product quality, and deepening private sector investment in processing and manufacturing.