Nigeria’s non-oil export sector recorded a strong performance in 2025, as total earnings rose significantly to $9.32 billion, according to data obtained from the Central Bank of Nigeria (CBN).
The figure represents a 24.93 per cent increase compared to the $7.46 billion recorded in 2024.
The development has been widely described as a positive signal for economic diversification. Moreover, it reflects improved performance across key non-oil sectors, including electricity exports, trade, and re-exports.
Electricity exports, in particular, recorded notable growth. Earnings increased from $176.54 million in 2024 to $236.07 million in 2025, representing a 33.72 per cent rise. Other non-oil exports rose sharply to $7.96 billion within the same period.
Meanwhile, informal cross-border trade continued to play a significant role in the economy, It increased by 29.73 per cent, reaching $252.86 million.
In addition, re-exports also grew by 27.14 per cent, rising to $860.54 million, further strengthening Nigeria’s position as a regional trade hub.
According to the African Development Bank (AfDB), Nigeria’s informal sector now accounts for more than half of the country’s Gross Domestic Product (GDP).
However, the bank warned that despite its size, the sector remains largely outside formal regulation, limiting tax revenue generation and financial inclusion.
Limited access to affordable finance remains a major concern for small traders and informal businesses across the country.
Furthermore, many operators are unable to access bank loans due to lack of proper documentation, credit history, and collateral.
Analysts believe that if more businesses are brought into the formal economy, Nigeria could unlock stronger credit access, improved productivity, and long-term economic stability.
Therefore, experts continue to push for reforms aimed at expanding financial inclusion and supporting small and medium-sized enterprises.
