GOV. SANWO-OLU IN LONDON SEEKS FOREIGN INVESTMENTS, PARTNERSHIPS.(PHOTOS). #PRESS RELEASE.

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SANWO-OLU IN LONDON SEEKS FOREIGN INVESTMENTS, PARTNERSHIPS   •Governor charges Commonwealth states to bring capital, technology, expertise to Lagos The Governor of Lagos State, Mr. Babajide Sanwo-Olu, on Monday charged the Commonwealth’s 56 member states to invest in Africa, particularly Lagos, by bringing their capital, technology and other expertise, promising that they will find not just market and opportunity but partner and relationship.   He said the Commonwealth's greatest advantage is not simply its shared language, shared laws or shared history but its people, noting that nowhere is that advantage more vivid, dynamic or consequential than in Africa.   Speaking as a Keynote Speaker at the opening ceremony of the Commonwealth Trade and Investment Summit held at Mansion House, London, on Monday, Governor Sanwo-Olu said Lagos is ready for partnerships and relationships with global investors.   The theme of the opening session is “The Commonwealth's Advantage". ...
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NIGERIA’S NON-OIL EXPORTS HIT $1.79BN IN Q1 2025 — NEPC. (PHOTO).

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 Nigeria’s non-oil exports hit $1.79bn in Q1 2025 — NEPC


The Executive Director of the Nigerian Export Promotion Council (NEPC), Nonye Ayeni, has revealed that Nigeria’s non-oil export performance for the first quarter of 2025 reached US$1.791 billion, marking a 24.75% increase from the US$1.436 billion recorded in the same period in 2024.

Speaking during the presentation of the Q1 non-oil export progress report in Abuja, Ayeni also noted a significant rise in export volume, which climbed to 2.416 million metric tonnes — a 243.44% increase compared to the 1.937 million metric tonnes reported in Q1 2024.

She attributed the growth to the success of the Council’s various export intervention programmes, particularly the “Double Your Exports” campaign.

Ayeni further disclosed that 197 distinct products were exported in the first quarter of 2025, up from 162 products in the same period the previous year.

She said, “In the presentation of the 2024 non-oil export performance in January last year, the Nigerian Export Promotion Council (NEPC) reported the highest value of export since it was established 49 years ago with a year-on-year increase of 20.77% from US$4.517 billion in 2023 to $5.456 billion in 2024. 

“The Council working with our supervising ministry, Ministry of Industry, Trade and Investment other stakeholders remains committed towards continuing this trajectory of increasing the volume and value of non-oil exports from Nigeria by providing support to the exporting community in the areas of capacity building, standardization, enhancing market access and others. 

“Products exported range from manufactured and semi-processed goods, to industrial extracts, and agricultural commodities, amongst others.

“Based on information received from Pre-shipment Inspection Agents (PIAs), of the top-20 products exported in the first quarter of 2025, Cocoa and its derivatives including cocoa butter, cocoa liquor, cocoa cake came first, followed by Urea, Cashew Nut, Sesame Seed, Gold Dore, Cocoa Butter, Aluminium Ingots, Copper Ingot, Soya Beans/meal, Rubber were the top of the list.

“These products ranged from the top commodity in terms of total non-oil export, accounting for 45.02% was Cocoa Beans. Urea/Fertilizer held the second position at 19.32% while Cashew Nuts came third with 5.81% of the total exported products. Performing exporting companies are, Indorama Eleme Fertilizer and Chemical Limited and Starlink Global & Ideal Limited maintained their position as the first and second with 12.07% and 10.00%, respectively. This is attributed to their notable export values of fertilizer and Cocoa products”, she said.

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