Nigeria’s non-oil exports, which rose to N12.36 trillion in 2025, reflect the impact of ongoing efforts to reduce dependence on oil revenue, the Tinubu Media Support Group (TMSG) has said.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group described figures released by the National Bureau of Statistics (NBS) as evidence of progress in diversifying the country’s economy.
According to TMSG, non-oil exports increased from N9.09 trillion in 2024 to N12.36 trillion in 2025, continuing a strong upward trend in the sector.
The group noted that while the oil sector remains Nigeria’s primary source of foreign exchange, recent performance in non-oil exports suggests a growing shift toward a broader economic base.
It cited NBS Foreign Trade in Goods Statistics showing expansion in exports across agriculture, manufacturing and mineral resources.
TMSG also highlighted that non-oil exports had declined to N2.56 trillion in the year President Bola Tinubu assumed office, down from N3.14 trillion in 2022, but subsequently rose to N9.09 trillion in 2024 before reaching N12.36 trillion in 2025.
The group said the growth reflects efforts to shield the economy from global oil price volatility and revenue shortfalls.
It added that non-oil export earnings had already surpassed N9 trillion within the first nine months of 2024, marking the strongest performance in the sector since 2020.
A breakdown of the latest figures, according to the group, shows strong contributions from the mineral sector, followed by agriculture, indicating increased focus on these areas.
TMSG expressed optimism that the non-oil sector would record further growth beyond its 2025 performance.
