Nigeria’s latest non-oil exports figure put at N12.36 trillion is a stark reminder of the success of a deliberate effort to steer away from over-reliance on oil revenue, according to the Tinubu Media Support Group (TMSG)
The group said in a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo that the figure released by the National Bureau of Statistics (NBS) is proof that the Tinubu administration is not paying lip service to efforts to diversify the Nigerian economy.
“From a 2024 figure of N9.09 trillion to N12.36 trillion in 2025, the non-oil sector has continued to record a surge in export numbers.
- Advertisement -
“For us, it is a clear testimony to the commitment of the President Bola Tinubu administration to diversify the Nigerian economy.
“There is no doubt that the oil sector remains the foreign exchange cash cow for the federation especially as the government is expanding the country’s production capacity through various fiscal incentives, the performance of the non-oil sector in recent years has shown that the country is, more than ever before, keen on economic diversification.
“The latest data from Foreign Trade in Goods Statistics released by the National Bureau of Statistics (NBS)
show a continued progress in Nigeria’s push to expand exports in agriculture, manufacturing, and mineral resources.
“In the year, President Tinubu assumed office, Nigeria’s non-oil export had declined to N2.56 trillion from N3.14 trillion in 2022. It however grew massively to N9.09 trillion in 2024 and rose further to N12.36 trillion in 2025.
“For us, this is a reflection of the administration’s commitment to expanding the nation’s economic base in such a way that the country would not be affected by the global oil crisis or shortfall in oil revenue.
“We are aware that Nigeria’s revenue from non-oil exports last year hit the N9 trillion mark in the first nine months of the year which was the strongest performance in that sector since 2020.
“A breakdown of the export earnings indicates a very strong performance by the mineral sector which underlines the extra focus by the Tinubu administration on that sector followed closely by the agriculture,” it added.
The group is convinced that the non-oil sector is better placed to improve on its 2025 performance this year.
