{"id":421568,"date":"2026-01-20T14:29:11","date_gmt":"2026-01-20T14:29:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/421568\/"},"modified":"2026-01-20T14:29:11","modified_gmt":"2026-01-20T14:29:11","slug":"nigerias-non-oil-trade-hits-record-6-1bn","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/421568\/","title":{"rendered":"Nigeria\u2019s non-oil trade hits record $6.1bn"},"content":{"rendered":"

\n Data compiled by pre-shipment inspection agencies and cited by the Nigerian Export Promotion Council <\/a>show that the 2025 performance is the highest since the agency was established nearly five decades ago.\n <\/p>\n

\n The growth reflects both higher export volumes and wider access to international markets for Nigerian goods.\n <\/p>\n

\n Speaking during a progress report and 2026 export outlook briefing, the Executive Director and Chief Executive Officer of the council, Nonye Ayeni, said the result signalled deeper integration of Nigeria\u2019s non-oil sector into global trade.\n <\/p>\n

\n \u201cThe non-oil export sector rose to approximately $6.1 billion, representing a year-on-year growth of about 11.5 percent over the $5.4 billion recorded in 2024,\u201d she said, noting that the figure surpassed the previous record set only a year earlier.\n <\/p>\n

\n The latest figures show that Nigeria exported 281 non-oil products during the year, spanning agriculture, processed goods, and solid minerals.\n <\/p>\n

\n Analysts say the breadth of products points to a gradual shift towards value addition and broader participation in global markets, even as informal cross-border trade continues to account for a sizeable share of activity and limits the country\u2019s ability to capture export value fully.\n <\/p>\n

\"A <\/p>\n

\n The export gains come against a broader continental challenge highlighted by the World Bank. In a recent report on food security and logistics in Africa, the lender warned that the continent remains heavily dependent on a narrow range of staple foods, namely cassava, rice, maize, and wheat, which together account for 45 percent of caloric intake across Africa.\n <\/p>\n

\n According to the report, Africa imports more than 30 million tonnes of maize, over 35 million tonnes of rice, and about 60 million tonnes of wheat annually, mainly from Europe, South Asia, and other regions.\n <\/p>\n

\n \u201cJust four key commodities account for 45 percent of caloric intake across Africa,\u201d the World Bank noted, adding that transport and logistics play a decisive role in food availability and affordability.\n <\/p>\n

\n Once on the continent, imported staples face delays linked to inadequate port infrastructure, inefficient logistics, and long inland journeys. On average, food travels about 4,000 kilometres over 23 days in Africa, about four times as far as in Europe, increasing the risk of spoilage and higher costs. Weak road networks, congested borders, and poor rural connectivity further compound the problem.\n <\/p>\n

\n As the country celebrates record non-oil export earnings, policymakers face the parallel challenge of strengthening logistics, boosting local food production, and ensuring that trade gains translate into improved food security at home.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Data compiled by pre-shipment inspection agencies and cited by the Nigerian Export Promotion Council show that the 2025…\n","protected":false},"author":2,"featured_media":421569,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":{"0":"post-421568","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/421568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=421568"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/421568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/421569"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=421568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=421568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=421568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}