Nigeria’s non-oil export puzzle: Underutilisation amid growing opportunity

Nigeria’s non-oil export puzzle: Underutilisation amid growing opportunity


In September of this year, President Bola Ahmed Tinubu briefly announced that Nigeria had achieved its 2025 revenue goal ahead of schedule, stating that efforts to boost non-oil revenue had generated sufficient funds to meet this year’s revenue targets by August.

However, while non-oil exports reached a record-breaking ₦15.7 trillion in 2024, local investors found themselves sidelined in a boom dominated by foreign actors. Although the figures were impressive, the reality was different; a story of missed opportunities. Cashew farmers in Kogi

In September of this year, President Bola Ahmed Tinubu briefly announced that Nigeria had achieved its 2025 revenue goal ahead of schedule, stating that efforts to boost non-oil revenue had generated sufficient funds to meet this year’s revenue targets by August.

However, while non-oil exports reached a record-breaking ₦15.7 trillion in 2024, local investors found themselves sidelined in a boom dominated by foreign actors. Although the figures were impressive, the reality was different; a story of missed opportunities. Cashew farmers in Kogi



Source: Businessday

Leave a Reply

Your email address will not be published. Required fields are marked *