Audio By Carbonatix
Nigeria's non-oil exports rose 19.6% to $3.225 billion in the first half of 2025, its export promotion agency said on Monday, citing global demand for products such as cocoa and urea, as well as government trade initiatives and regional trade deals.
Nonye Ayeni, chief of Nigerian's Export Promotion Council, said the volume of non-oil exports increased to 4.04 million metric tons from 3.83 million tons in the first half of 2024.
Products such as cocoa beans, urea/fertiliser, and cashew nuts dominated exports, with cocoa accounting for around 35% of total export value.
"Cocoa and its derivatives topped Nigeria's non-oil exports, driven by rising global demand, higher prices, and increased local processing capacity," Ayeni said.
The African Continental Free Trade Area also bolstered Nigeria's exports, providing wider market access and tariff relief, while government-backed initiatives like training programmes helped exporters meet international standards.
Ayeni said Indorama Eleme Fertiliser Ltd. topped the list of exporters, followed by Starlink Global and Dangote Fertiliser Ltd.
Nigeria is striving to diversify its economy away from oil, which accounts for around two-thirds of government income and about 80% of its foreign currency earnings.
The Netherlands, United States, and India were the top export destinations, with the Netherlands taking 18.64% of total exports.
Latest Stories
-
Chairman Wontumi challenges ‘no case’ ruling, seeks stay of trial
37 minutes -
Herdsman shot dead by masked gunmen near Wellembelle
48 minutes -
Committee for Public Accountability demands disclosure of McDan Aviation terminal takeover
1 hour -
Every team is beatable – Otto Addo ahead of Austria clash
2 hours -
French court hands Islam scholar Tariq Ramadan 18-year jail term for rape
2 hours -
Understanding Autism: Empowering children with different abilities in Ghana
2 hours -
Army commander convicted of Guinea stadium massacre dies in prison
2 hours -
Rescuers attempt to save stranded humpback whale off German coast
2 hours -
Three escape unhurt as diesel truck overturns in Oti Region
2 hours -
Empowering the next generation: ‘Roll up your sleeve 26’ inspires students to dream big and act now
2 hours -
GCB Bank strengthens market leadership with record GH¢3.2bn profit in 2025Â
2 hours -
GAMI students explore Ghana’s heritage with educational tour to Aburi Botanical Gardens
2 hours -
ShEquity trains 15 Ghanaian SMEs to tap into carbon market opportunities
2 hours -
‘Being the President’s brother shouldn’t stop Ghanaian ownership’ – Agyeman-Duah on Damang mine
2 hours -
Fire breaks out at rubber recycling facility in Afienya
2 hours
