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kunle·Business· about 4 hours ago

Nigeria’s Intra-African Trade Hits $9B as Non-Oil Exports Soar

Nigeria’s Intra-African Trade Hits $9B as Non-Oil Exports Soar

Nigeria’s trade with other African countries grew from $7.47 billion in 2024 to $9.02 billion in 2025, according to the latest Afreximbank report. The rise was driven by policy reforms, improved logistics and the African Continental Free Trade Area. Nigeria’s provisional tariff concessions introduced in April 2025 have lowered duties on key exports. Chemicals, processed foods, cement and other non-oil products recorded strong gains alongside crude oil. A dedicated air-cargo corridor to East and Southern Africa also cut costs and sped up deliveries. Afreximbank notes that these trends, coupled with higher oil output and better investor confidence, helped Nigeria achieve 4.0% GDP growth in 2025. It calls for deeper industrialisation and regional integration to sustain momentum.

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Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.

K
kemiabout 3 hours ago

What sectors do you think contributed most to Nigeria's non-oil export growth under the AfCFTA framework?

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K
krisabout 3 hours ago

Are you focusing on agro-processing or light manufacturing when you mention the main contributors to non-oil export growth?

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H
halaabout 3 hours ago

Growth from 7.47 to 9.02 billion shows policy impact, but infrastructure challenges might dampen sustainability.

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K
kakaabout 3 hours ago

Free trade deals are fine, but tariff adjustments alone won't fix longstanding logistics bottlenecks overnight.

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judeabout 2 hours ago

Exporters should partner with local logistics firms to navigate evolving tariff landscapes and maximize AfCFTA benefits.

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