{"id":118067,"date":"2025-04-29T02:39:51","date_gmt":"2025-04-29T01:39:51","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=118067"},"modified":"2025-04-29T02:39:51","modified_gmt":"2025-04-29T01:39:51","slug":"nigerias-non-oil-exports-hit-1-79bn-in-q1-2025","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-non-oil-exports-hit-1-79bn-in-q1-2025\/","title":{"rendered":"Nigeria\u2019s Non-Oil Exports Hit $1.79bn in Q1 2025"},"content":{"rendered":"<div>Daniel Adaji<\/div>\n<div><\/div>\n<div>Nigeria\u2019s non-oil exports surged to $1.79bn in the first quarter of 2025, marking a 24.75 per cent increase from the $1.436bn recorded in Q1 2024.<\/div>\n<div><\/div>\n<div>The Executive Director\/CEO of the Nigerian Export Promotion Council (NEPC), Mrs Nonye Ayeni, announced the figure during the Council\u2019s Q1 Progress Report in Abuja on Monday.<\/div>\n<div><\/div>\n<div>\u201cThis growth is evidence that stakeholders are taking advantage of the potentials and opportunities inherent in the sector,\u201d Ayeni said.<\/div>\n<div><\/div>\n<div>The total volume of exports also jumped to 2.416m metric tonnes, representing a 243.44 per cent increase from 1.937m metric tonnes in the same period last year.<\/div>\n<div><\/div>\n<div>Ayeni credited strategic initiatives like the \u201cDouble Your Exports\u201d campaign and alignment with President Bola Tinubu\u2019s Renewed Hope Agenda for the upward trend.<\/div>\n<div><\/div>\n<div>Cocoa beans led the export chart, accounting for 45.02 per cent of total non-oil exports. Urea\/Fertilizer followed with 19.32 per cent, and Cashew Nuts contributed 5.81 per cent. NEPC reported 197 unique products were exported in Q1 2025, up from 162 in Q1 2024.<\/div>\n<div><\/div>\n<div>Top exporters included Indorama Eleme Fertilizer and Chemical Limited and Starlink Global &amp; Ideal Limited, contributing 12.07 per cent and 10.00 per cent respectively.<\/div>\n<div><\/div>\n<div>Trade with ECOWAS countries grew sharply, with exports reaching $63.060 million \u2014 an increase of over 223 per cent from Q1 2024.<\/div>\n<div><\/div>\n<div>Ayeni highlighted the impact of the African Continental Free Trade Area (AfCFTA), stating, \u201cIt lays credence to the fact that AfCFTA holds the key to intra-African trade.\u201d<\/div>\n<div><\/div>\n<div>NEPC also issued FDA and HACCP certifications to 105 exporters at no cost, with another 100 in process. To support rural productivity, 4,633 hybrid seedlings were distributed in Kogi, Akure, Gusau, Bayelsa, and Plateau States.<\/div>\n<div><\/div>\n<div>Ayeni reported that 6,821 participants were trained in good agricultural practices, packaging, logistics, and e-commerce. NEPC\u2019s webinar series, \u201cNEPC Connect,\u201d reached over 15,000 people, with the next edition scheduled for May 2.<\/div>\n<div><\/div>\n<div>A major milestone in Q1 was Nigeria\u2019s selection as Africa\u2019s sole Business Support Organisation to implement the $50 million WEIDE Fund initiated by Dr Ngozi Okonjo-Iweala, aimed at supporting women in digital trade.<\/div>\n<div><\/div>\n<div>\u201cThis is one of the most exciting news of the quarter and we encourage every woman-led business to apply,\u201d Ayeni said.<\/div>\n<div><\/div>\n<div>NEPC also strengthened global visibility through collaborations with the International Trade Centre, CBI Netherlands, and trade fairs in Amsterdam, the UK, and Mexico.<\/div>\n<div><\/div>\n<div>The Council registered 1,129 new exporters in Q1, with Zenith Bank, First Bank, and GTBank leading in processing over 485 Nigerian Export Proceeds (NXPs).<\/div>\n<div><\/div>\n<div>To address export rejections, NEPC launched quality control initiatives, including baseline studies on Sesame and Cowpea value chains and the formation of a Sanitary and Phytosanitary (SPS) working group.<\/div>\n<div><\/div>\n<div>\u201cWe remain resolute and committed to driving up the volume and value of non-oil exports for sustainable and inclusive economic growth,\u201d Ayeni affirmed.<\/div>\n<div><\/div>\n<div>\u201cExport is not merely a business; it is the lifeline of Nigeria\u2019s economic future,\u201d she added.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Daniel Adaji Nigeria\u2019s non-oil exports surged to $1.79bn in the first quarter of 2025, marking a 24.75 per cent increase from the $1.436bn recorded in Q1 2024. The Executive Director\/CEO&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":118068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-118067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nigeria\u2019s Non-Oil Exports Hit $1.79bn in Q1 2025 - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-non-oil-exports-hit-1-79bn-in-q1-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s Non-Oil Exports Hit $1.79bn in Q1 2025 - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"Daniel Adaji Nigeria\u2019s non-oil exports surged to $1.79bn in the first quarter of 2025, marking a 24.75 per cent increase from the $1.436bn recorded in Q1 2024. 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