Nigeria’s Export Growth: Trade Ministry Generates Over $500m in 2025

BY Abdulrazak Shuaib Tomiwa Abdulrazak
February 10, 2026
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By 𝔸bdulrazak Tomiwa

Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has announced that the ministry generated over $500 million in export revenue in 2025.

This milestone was reached through intensive industrial development and the diversification of Nigeria’s economy. The results underscore a successful shift toward non-oil income streams.

Beyond revenue, the ministry’s initiatives helped create more than 20,000 direct jobs during the fiscal year. Activity on the Nigeria Commodity Exchange also surged, with traded volumes increasing by over 500%.

These gains reflect a more structured approach to commodity trading and market access.

Strategic reforms in 2025 included the launch of Nigeria’s first-ever National Intellectual Property Policy. The ministry also secured Federal Executive Council approval for a new National Industrial Policy.

These frameworks aim to strengthen local production and enhance the global competitiveness of Nigerian goods.

Despite the performance, the minister noted that the ministry’s 2025 capital allocation of ₦3.8 billion saw no actual releases. Personnel and overhead costs were fully utilized, yet the ministry still managed to exceed its revenue target by ₦100 million.

All generated funds were remitted to the Consolidated Revenue Fund.

Looking toward 2026, the ministry has proposed a capital budget of ₦2.72 billion. Oduwole warned that this amount would be “a stretch” to cover essential industrial clusters and special economic zones.

She appealed to the Senate for an upward review to sustain the current momentum.

The 2026 roadmap focuses on implementing industrial policies through targeted value chains and digital investor portals. Priority will be given to local production and the sub-national rollout of AfCFTA initiatives.

The ministry aims to anchor these value chains locally to ensure state-level economic ownership.

Highlighting the ministry’s impact on the economy, Oduwole stated, “In 2025, the ministry through the Nigerian Export Promotion Council (NEPC) recorded over $500 million in export proceeds, which has contributed significantly to the foreign exchange stability of the country.”