Nigeria’s non-oil export earnings surged to a 49-year high in the first quarter of 2025, with recorded revenues hitting $1.7 billion, marking a 24.75% increase compared to the same period last year.
The figures were disclosed by the Presidential Spokesman, Bayo Onanuga, in a statement shared via his official social media handle. Citing the Nigerian Export Promotion Council, Mr Onanuga said cocoa and its derivatives contributed the lion’s share, accounting for 45% of the total value.
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According to the Council’s Executive Director, Nonye Ayeni, the growth reflects sustained efforts to diversify Nigeria’s foreign exchange base away from oil dependency.
Other key export commodities in the quarter included cashew nuts, sesame seeds, aluminium and copper ingots, soybeans, and natural rubber, further underscoring the country’s broadening export portfolio.
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