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Nigeria’s non-oil exports hit $5.45 billion in 2024 – NEPC

by Achojah Aruegodore
February 12, 2025
in Business Scene
0
Nigeria’s non-oil exports record 6.26% growth, hit $2.7 billion— NEPC

The Executive Director of NEPC, Nonye Ayeni,

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The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria’s trade volume in 2024 reached 7.2 metric tons, with a 20.7 per cent increase in value, totalling $5.45 billion.

Executive Director of NEPC, Nonye Ayeni, disclosed this during the Ministry of Industry, Trade, and Investment’s retreat for the presentation of the 2025 roadmap in Abuja.

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Highlighting Nigeria’s export progress, she said apart from the 20.7 per cent growth in export value to $5.45 billion, the country also recorded expansion to 126 countries.

Ayeni emphasised that the mandate of the NEPC remains to diversify Nigeria’s economy away from oil dependency by promoting non-oil exports.

“We are dedicated to working with exporters, improving their capacity in good agricultural practices, and ensuring we achieve the council’s mandate,” Ayeni said.

The executive secretary noted that the council conducted approximately 629 capacity-building programs in 2024, in collaboration with development organisations and agencies, to enhance the competitiveness of Nigerian exporters.

Ayeni further pointed out the NEPC’s ongoing efforts to facilitate international market access for Nigerian goods, saying that “by mainstreaming these initiatives, we aim to increase the volume and value of non-oil exports, which will, in turn, help to build the capacity of exporters.”

“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 added.

Ayeni further noted that the NEPC is also prioritising the connection of Micro, Small, and Medium Enterprises (MSMEs) with experienced exporters to provide training in various skill programmes.

“Our commitment to these efforts will significantly contribute to increasing the volume and value of Nigeria’s non-oil exports,” Ayeni stated.

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