News

Nigeria’s non-oil exports up by 19.6% to $3.225bn in H1 2025, says NEPC

Published

on

The Nigerian Export Promotion Council (NEPC) on Sunday disclosed that the country’s non-oil exports climbed to $3.225billion in the first half (H1) of 2025, marking a 19.59 per cent increase over the $2.696billion recorded in first half (H1) of 2024.

The Executive Director/Chief Executive Officer of the NEPC, Nonye Ayeni, disclosed this in Abuja, while presenting the council’s First Half-Year Progress Report on Nigeria’s non-oil export performance.

According to her, the shipment volume also rose to 4.04 million metric tonnes in H1 2025 from 3.83 million metric tonnes in the H1 2024, driven by strong global demand for Nigerian products from emerging markets such as India, Brazil, Vietnam, and other African countries.

According to Ayeni, the report offers a comprehensive overview of the council’s achievements, challenges, and prospects as the year draws to a close.

“Gentlemen of the press, it is on this note that I am pleased to inform you that non-oil products exported in the H1 2025 were valued at $3.225billion.

“This shows an increase of 19.59 per cent as against the sum of $2.696billion recorded for the H1 2024,” she said.

The NEPC boss noted that the growth in export value was matched by a rise in shipment volume, recalling that in the first quarter alone, non-oil exports were valued at $1.791billioon, a 24.75 per cent rise over the $1.436billion posted in Q1 2024.

Volumes in the same quarter increased to 2.416 million metric tonnes, up 24.3 per cent from the 1.937 million metric tonnes shipped in the corresponding period last year.

 

 

Click to comment

Trending News

Exit mobile version