Non-oil exports up by 105.4% to $6.1bn in 12years, Ministry of industry reveals
The Ministry of Industry, Trade and Investment has revealed that Nigeria’s non-oil exports jumped by 105.4 per cent from $2.97 billion in 2013 to $6.1 billion in 2025, making it the highest value in its history.
An online post had tackled the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole of celebrating only $500million in exports and compares this to 2014 figures that suggested a decline.
The ministry responding with a report titled, “Setting the Record straight: Nigeria’s 2025 non-oil export performance: A fact-check on recent misinformation & the official progress report,” stated that the $500million exports is factually incorrect.
The report noted that the $500million non-export figure mentioned by the MMinster was specifically for Special Economic Zones (SEZs), a small subset of the economy.
The report stated that 2025 record-breaking performance showed that 8.02 million metric tonnes volume, about 10 per cent increase. It revealed that 281 distinct products were exported with a 120 global export reach, to make 2025 record-breaking year.
Export basket of Nigeria in 2025 showed that “Others” carried the highest value of $2.35billion or 38.54 per cent out of the $6.1billion, followed by Cocoa Beans, $1.99billion or 32.76 per cent of the non-oil export in 2025.
Urea had $1.29 billion or 21.19 per cent, followed by Cashew nuts with $0.46 billion or 7.51 per cent.
The rise of Cocoa Butter and Aluminum ingots signals a shift towards value addition.
The emerging stars, according to the report disclosed Sesame Seeds, $0.30 billion; Gold Dorc, $0.23 billion; Cocoa Butter, $0.21billion and Aluminium Ingts: $0.18billion.
The destination countries include: Brazil (10.35 per cent- $630million), Netherlands, (17.53 per cent- $1.06billion and India (7.6 per cent-$464million).
Intra-African Trade saw a growth rate of 14 per cent and the top African destinations are Ghana (13th global) and Cote dÍvoire (20th global). Other key markets are: USA, Vietnam, China, and Belgium.
The report stated that the Renewed Hope Agenda of President Bola Tinubu include Economic diversification is aimed to driving a ‘Nigeria First ” economic philosophy, prioritizing local production, non-oil exports, and industrialization.
