Home Business Cocoa beans tops as Nigeria’s non-oil exports climbs 19.59% to $3.225bn in...

Cocoa beans tops as Nigeria’s non-oil exports climbs 19.59% to $3.225bn in H1-2025

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SUN AUG 10 2025-theGBJournal| The Nigerian Export Promotion Council (NEPC) has announced that Nigeria’s non-oil exports for the first half of 2025 were valued at $3.225 billion, reflecting a 19.59% increase compared to the $2.696 billion recorded in the same period of 2024.

According to NEPC Director-General, Mrs. Nonye Ayeni, the export volume also rose to 4.04 million metric tonnes, up from 3.83 million metric tonnes in H1 2024.

The top export products for the period were:
-Cocoa beans – 34.88% of total export value

-Urea/Fertiliser – 17.65% of total export value

A total of 236 different products were exported, representing a 16.83% increase in diversity compared to 202 distinct products in H1 2024.

These include agricultural commodities, extractive products, and semi-processed/manufactured goods, with a growing shift towards value-added exports.

The African Continental Free Trade Area (AfCFTA) has also facilitated wider market access and tariff relief for Nigerian exporters, while NEPC’s export intervention programmes — including capacity-building, market linkage initiatives, and quality improvement support — have enhanced visibility of Nigerian goods globally.

These gains align with President Bola Ahmed Tinubu’s Renewed Hope Agenda, advancing economic diversification, boosting foreign exchange earnings, and strengthening Nigeria’s position in global trade.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

 

 

 

 

 

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