Nigeria’s non-oil exports rise nearly 20% in first half of 2025
Nigeria earned $3.23 billion from non-oil exports in the first half of 2025, a 19.6% increase from the same period last year
LAGOS, Nigeria (MNTV) — Nigeria earned $3.23 billion from non-oil exports in the first half of 2025, a 19.6% increase from the same period last year, the Lagos Chamber of Commerce and Industry (LCCI) said.
The rise, driven by demand for cocoa, fertilizer and cashew nuts, reflects Nigeria’s growing ability to export processed goods rather than relying solely on crude oil. Export volumes reached 4.04 million metric tons, up from 3.83 million in 2024.
But LCCI warned that weaker global oil prices and falling U.S. demand could limit foreign exchange inflows. It urged the government to diversify trade routes and strengthen new partnerships.
The group pointed to Nigeria’s recent Bilateral Air Service Agreement with Brazil and Japan’s $238 million financing for power grid upgrades as steps in the right direction. It said such deals should also support job creation and vocational training for Nigeria’s young workforce.
“By combining diplomacy with practical action, Nigeria can reposition itself as an investment-ready economy,” LCCI said.
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