The Nigerian Export Promotion Council (NEPC) has announced a significant milestone, revealing that the country’s non-oil exports trade volume for 2024 reached 7.2 metric tonnes, marking a 20.7% increase in value, which totals $5.45 billion.
Dr. Nonye Ayeni, Executive Director of NEPC, made this announcement during the Ministry of Industry, Trade, and Investment’s retreat for the presentation of the 2025 roadmap on Monday in Abuja. She emphasized that this growth is a clear indicator of Nigeria’s progress in diversifying its economy beyond oil dependency.
“Our trade value grew by 20.7%, reaching $5.45 billion, and we are now represented in 126 countries,” Ayeni stated. “This growth is a testament to the positive impact of President Bola Tinubu’s Renewed Hope Agenda, and we are confident that 2025 will see even greater results as we continue to strengthen our export efforts.”
Ayeni highlighted the NEPC’s core mandate of promoting non-oil exports to diversify Nigeria’s economy. She noted the council’s commitment to building the capacity of exporters, from improving agricultural practices at the farm gate to expanding market access.
In 2024, the NEPC conducted 629 capacity-building programmes across the country, in partnership with various development organizations and agencies.
Ayeni further explained that the council was working diligently to mainstream export efforts nationwide, from the North to the South and West, with the goal of increasing both the volume and value of non-oil exports.
“We are also focused on offering free international certifications to exporters, helping them access niche markets and sell their products globally,” Ayeni added.
However, the NEPC is committed to connecting Micro, Small, and Medium Enterprises (MSMEs) with experienced exporters and providing training in essential skill programs to further boost the sector.
Ayeni concluded by reaffirming the NEPC’s dedication to contributing significantly to the growth of Nigeria’s non-oil exports, which will continue to play a vital role in the country’s economic diversification and development.