Nigeria’s exports to African countries surged by 14% year-on-year, reaching ₦4.82 trillion in the first half of 2025, up from ₦4.21 trillion recorded in the same period of 2024.
Fresh data show that West Africa remained Nigeria’s biggest African market, absorbing over 62% of total exports to the continent.
According to the Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi, the trend underlines Nigeria’s rising role in intra-African trade and regional value chains.
🗣️ “This is a clear signal of strengthening regional trade momentum,” Adeniyi said.
Figures from the National Bureau of Statistics, reviewed by Ecofin Agency, reveal that countries within Economic Community of West African States (ECOWAS) imported Nigerian goods worth ₦2.995 trillion, a 16% year-on-year increase.
⛽ Fuel products dominated exports to the region, with purchases nearing ₦298 billion.
📊 Big Picture:
Despite the growth, exports to Africa made up just 10% of Nigeria’s total exports, estimated at ₦43.3 trillion in H1 2025. Africa ranked as Nigeria’s fourth-largest export destination, behind:
• 🇪🇺 Europe – ₦17.3trn
• 🌏 Asia – ₦14.1trn
• 🌎 Americas – ₦6.9trn
🚀 Nigeria is also ramping up trade under the African Continental Free Trade Area (AfCFTA), rolling out tariff concessions and launching an air freight corridor to East Africa in May 2025 — a move expected to slash export costs by 50–75%.
Post a Comment