The Nigeria Export Promotion Council (NEPC) says the nation’s non-oil merchandise exported within the first quarter of 2025 had been valued at 1.791 billion {dollars}.
Nonye Ayeni, director-general of the NEPC stated this on Monday in Abuja whereas presenting a First Quarter Progress Report on the Non-oil export efficiency for the 12 months 2025.
Mrs Ayeni stated the determine confirmed a 24.75 per cent improve above the 1.436 billion {dollars} reported within the first quarter of 2024.
She stated that the quantity additionally elevated to 2.416 million metric tonnes which was a rise of 243.44 per cent from 1.937 million Metric tons recorded within the first quarter of 2024
“Within the first quarter of 2025, a complete of 197 distinct merchandise had been exported.
“This determine displays a rise when in comparison with the 162 merchandise recorded within the first quarter of 2024.
“These merchandise vary from manufactured and semi-processed items to industrial extracts and agricultural commodities,” she stated.
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Mr Ayeni recalled that in January, the NEPC reported the very best worth of non-oil export since 49 years of its institution.
In accordance her, that is with a year-on-year improve of 20.77 per cent from 4.517 billion {dollars} in 2023 to five.456 billion {dollars} in 2024.
She stated that out of the highest 20 main export firms, Indorama Eleme Fertiliser and Chemical Ltd and Starlink International and Preferrred Ltd, maintained their place as first and second.
She stated that the 2 firms recorded 12.07 per cent and 10.00 per cent respectively.
In keeping with her, that is attributed to their notable export values of fertiliser and cocoa merchandise.
The director-general stated that of the top-20 merchandise exported within the first quarter of 2025, cocoa and its derivatives together with cocoa butter, cocoa liquor, cocoa cake got here first.
Mrs Ayeni stated that Urea, cashew Nut, Sesame Seed, Gold Dore, Cocoa Butter, Aluminium Ingots, Copper Ingot, Soya Beans/meal, rubber had been the highest of the record.
In keeping with her, that is primarily based on data by Pre-shipment Inspection Brokers (PIAs).
She stated that the highest commodity by way of complete non-oil export, accounting for 45.02 per cent was cocoa beans.
She stated that urea/fertiliser held second place at 19.32 per cent whereas cashew nuts got here third with 5.81 per cent of the overall exported merchandise.
“The council is working with the Ministry of Business, Commerce and Funding and different stakeholders towards growing the quantity and worth of non-oil exports.
The efforts are aligned with President Bola Tinubu’s Renewed Hope Agenda,” she stated.
She additionally stated that 10 member nations of ECOWAS actively engaged in importing Nigerian merchandise all through the First Quarter of 2025.
“These exports, amounting to 63.060 million {dollars}, constituted 3.52 per cent of the overall export worth.
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“That is additionally a major improve of 223.10 per cent when in comparison with the recorded determine of 19.517 million {dollars} for the primary quarter of the 12 months 2024.
“Nigeria additionally exported to different African nations within the first quarter of 2025.
“The worth of those exports, totaling 32.732 million {dollars}, represented 1.83 per cent of the overall export worth,” Ayeni stated.
She stated that the non-oil exports had been growing, including that every one stakeholders are taking advatange of the potentials and alternatives inherent within the sector.
(NAN)
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