Nigeria’s non-oil exports have seen a significant boost, reaching $5.45 billion in 2024, a 20.7% increase from the previous year.
According to Dr. Nonye Ayeni, Executive Director of the Nigerian Export Promotion Council (NEPC) on Monday during the Ministry of Industry, Trade, and Investment’s retreat for the presentation of the 2025 roadmap in Abuja.
Ayeni noted that this growth is a clear indication that Nigeria is making significant progress in diversifying its economy away from oil dependency.
“In terms of value, we grew by 20.7% to $5.45 billion, and we are now represented in 126 countries. This is a clear indication that Nigeria is making significant progress,” Ayeni said.
The NEPC’s mandate is to promote non-oil exports, and Ayeni emphasized the council’s commitment to building the capacity of exporters, from farm gate to market access.
To achieve this, the NEPC conducted approximately 629 capacity-building programs in 2024, in collaboration with development organizations and agencies.
Ayeni also highlighted the council’s efforts to facilitate international market access for Nigerian goods, aiming to increase the volume and value of non-oil exports.
“We also want to offer international certifications to our exporters free of charge, enabling them to access niche markets and sell their products globally,” she said.
The NEPC is also prioritizing the connection of Micro, Small, and Medium Enterprises (MSMEs) with experienced exporters, offering training in various skill programs.
Ayeni said the council’s commitment to these efforts will significantly contribute to increasing the volume and value of Nigeria’s non-oil exports.
With the country’s total trade standing at N71,880.01 billion in 2023, Nigeria is poised for continued economic growth and diversification.
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