Business
Nigeria Non-Oil Exports Hit Historic $6.1bn in 2025
Nigeria non-oil exports rose to a record $6.1bn in 2025, led by cocoa and fertilisers, reflecting stronger trade, diversification, and market reach
Nigeria’s non-oil export sector reached a historic high of $6.1bn in 2025, marking the strongest performance since the establishment of the Nigerian Export Promotion Council (NEPC) nearly five decades ago.
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The figure represents an 11.5 per cent year-on-year increase from $5.4bn in 2024, reflecting renewed momentum in the country’s push to diversify its economy away from crude oil dependence.
Executive Director and Chief Executive Officer of NEPC, Nonye Ayeni, disclosed the figures on Monday in Abuja during the council’s annual progress report and 2026 non-oil export outlook briefing.
She noted that data from pre-shipment inspection agencies confirmed the milestone, describing the achievement as a testament to improved market access, compliance, and product diversification.
Cocoa beans dominated Nigeria’s export basket in 2025, generating $1.99bn and accounting for nearly 33 per cent of total non-oil export earnings.
Urea fertiliser followed with $1.29bn in value, while cashew nuts, sesame seeds, and gold dore contributed $457m, $300m, and $229m respectively.
Processed products such as cocoa liquor and cashew kernels highlighted the sector’s gradual shift towards value addition.
Total export volumes rose to 8.02 million metric tonnes, up from 7.29 million in 2024, with products reaching 120 countries worldwide.
The Netherlands was the largest destination by value at $1.07bn, followed by Brazil and India with $630m and $464m respectively.
Ayeni highlighted that exports to the Netherlands grew by 32.46 per cent, driven largely by cocoa beans, cocoa butter, and sesame seeds.
Despite the strong performance, Ayeni cautioned that significant trade still occurs informally across Nigeria’s land borders, and the council is working to incorporate such activity into official records to better support exporters.
Top export companies included Indorama Eleme Fertiliser & Chemical Limited, Dangote Fertiliser Limited, and Starlink Global and Ideal Ltd, which accounted for 13.13 per cent, 8.41 per cent, and 8.06 per cent of total non-oil exports.
Banks actively facilitating export transactions included Zenith Bank, Guaranty Trust Bank, and First Bank of Nigeria.
Ayeni further highlighted NEPC’s capacity-building efforts, noting that 728 training programmes reached over 96,000 participants across 36 states in 2025.
The council also funded international certifications for 210 SMEs, bringing the total certified exporters close to 700, while another 567 are undergoing certification.
Looking ahead, NEPC projects sustained growth in 2026, driven by enhanced capacity building, value addition, market diversification, and the mainstreaming of informal trade.
Also read: CBN Forecasts Stronger Growth as Nigeria Stabilises Economy
Strategic trade agreements, such as the Nigeria United Arab Emirates Comprehensive Economic Partnership, are expected to further boost non-oil export revenues.
President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.
Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.
The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.
“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.
“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”
The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.
The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.
Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.
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