Nigeria’s non-oil export earnings surged to a file $1.7 billion within the first quarter of 2025, the very best in practically 5 many years, in line with a press release shared on Tuesday, April 29, by presidential aide, Bayo Onanuga.
Posting on his X deal with, Onanuga introduced the milestone, attributing a lot of the success to agricultural and processed commodities. “Nigeria’s non-oil exports hit a file $1.7 billion in Q1, the very best in 49 years,” he wrote.
Cocoa and its derivatives have been the most important contributors, accounting for 45 per cent of the full export worth. Different important merchandise included cashew nuts, sesame seeds, aluminium and copper ingots, soybeans, and rubber.
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Onanuga quoted Nonye Ayeni, Govt Director of the Nigerian Export Promotion Council (NEPC), who revealed that the Q1 figures signify a 24.75 per cent enhance from the identical interval in 2024.
“She stated the year-on-year enhance was the very best because the council was created 49 years in the past,” Onanuga acknowledged.
The NEPC attributed the rise to ongoing reforms and aggressive promotion of value-added merchandise because the nation continues to shift away from oil dependency in favour of a diversified export base.
