BUSINESS &ECOMONY
NIGERIA’S EXPORT CAPACITY BELOW 15%, CAN RISE TO 80% — INDUSTRY LEADER
Ahmed Rabiu, a non-oil exporter, has stated that Nigeria has the potential to increase its non-oil exports from the current 15 percent to as much as 80 percent, provided the right business environment is established in line with the African Continental Free Trade Area (AfCFTA).
He made this known on Tuesday during an event in Abuja, where a market survey highlighting key challenges and possible solutions for Nigeria’s non-oil export sector was unveiled.
Rabiu explained that although the government has introduced various policies over the years to support non-oil exports, several obstacles continue to hinder progress.
He emphasized that with proper implementation of these policies, Nigeria could generate trillions of dollars in revenue from non-oil exports.
Rabiu expressed optimism that improvements in the ease of doing business—especially in export processes—could be seen in the coming months.
According to him, Nigerian exporters are currently operating at less than 15 percent of their full capacity. However, with a more enabling environment, this could rise to 80 or even 90 percent, while also opening up new opportunities.
He added that Nigeria possesses vast export potential in sectors such as agriculture—including processed and semi-processed goods—solid minerals, and services, all of which could collectively generate over a trillion dollars in revenue.
Rabiu, who also serves as the president of the Network of Practicing Non-Oil Exporters of Nigeria, noted that the country’s non-oil exports reached $6.1 billion in 2025, up from $5.46 billion recorded in 2024.
"This represents a significant development in our ongoing coverage of current events."— Editorial Board