Categories: BusinessNews

Nigeria’s non-oil exports rose by 19.6% to $3.23bn in H1 2025

Nigeria’s non-oil exports rose to $3.23 billion in the first half of 2025, a 19.6% increase from last year, reflecting strong resilience in the sector, according to the Produce Export Development Alliance (PEDA).

PEDA said the growth, driven by cocoa, sesame, and horticultural produce, signals a steady recovery in agribusiness and rising global demand for Nigerian products.

CEO Adetiloye Aiyeola said the momentum highlights the resilience of local producers despite challenges like high logistics costs and limited financing.

He stressed that consistent policies and stronger private-sector collaboration are crucial for sustaining growth.

PEDA, in partnership with Brussels-based COLEAD, is helping local exporters access European markets through training, traceability, and compliance support, targeting over $1 billion in traceable agrifood trade by 2030.

The group also led a trade mission to Dubai to expand market access in the Gulf and plans engagement with the Scottish African Business Association to deepen UK-Africa trade links.

Aiyeola said agricultural exports hit nearly ₦3 trillion in Q2 2025, proving Nigeria’s growing competitiveness.

“Our goal is to turn this growth into stable livelihoods and stronger supply chains,” he added.

LUKMAN ABDULMALIK

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