Nigeria’s trade value hits 20.7% in 2024 – NEPC

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JBy Vivian Emoni

The Nigerian Export Promotion Council (NEPC) has said that the country’s trade volume reached 7.2 metric tons in 2024, with a 20.7 per cent increase in value, totaling 5.45 billion dollars.

Dr Nonye Ayeni, Executive Director of NEPC, said this on Monday in Abuja during the presentation of the 2025 roadmap organised by the Ministry of Industry, Trade and Investment.

“In terms of value, we grew by 20.7 per cent to 5.45 billion dollars, and we are now represented in 126 countries.

“This is a clear indication that Nigeria is making significant progress.

“The Renewed Hope Agenda of President Bola Tinubu is making a positive impact, and our efforts are showing results.

“We expect even better performance in 2025 as we continue to strengthen our drive,” he said.

Ayeni highlighted that the NEPC’s mandate was to diversify the nation’s economy dependency on oil by promoting non-oil exports.

She reiterated the council’s commitment to build the capacity of exporters, from the farm gate to market access.

“We are dedicated to working with exporters, improving their capacity in good agricultural practices, and ensuring we achieve the council’s mandate,” Ayeni said.

She said in 2024, the NEPC conducted about 629 capacity building programmes across the country, partnering with development organisations and agencies.

According to Ayeni, the council is working across all borders, from the North to the South and West, to mainstream export efforts.

“By mainstreaming these initiatives, we aim to increase the volume and value of non-oil exports, which will, in turn, help to build the capacity of exporters.

“We also want to offer international certifications to our exporters free of charge, enabling them to access niche markets and sell their products globally,” she said.

Ayeni emphasised the NEPC’s focus on connecting Micro, Small, and Medium Enterprises (MSMEs) with experienced exporters, offering training in various skill programmes.

“Our commitment to these efforts will significantly contribute to increasing the volume and value of Nigeria’s non-oil exports,” she said.(NAN) (www.nannews.ng)

Edited by Abiemwense Moru

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