Nigeria’s trade surplus has hit an impressive N113 trillion in the first three quarters of 2025, according to Minister of Industry, Trade and Investment, Jumoke Oduwole. This remarkable achievement is attributed to sustained export facilitation measures, expansion of export warehouses, and improved implementation of the African Continental Free Trade Area (AfCFTA).
The minister revealed that exports grew by 11% year-on-year to $6.1 billion, the highest in the country’s history. UK investors accounted for about 65% of Nigeria’s foreign capital inflows in 2025, thanks to the Nigeria-UK Economic and Trade Partnership.
The ministry’s efforts have also led to a significant increase in capital importation, with $21 billion recorded in the first 10 months of 2025, up from $12 billion in 2024 and less than $4 billion in 2023. Special economic zones generated over $500 million in export revenue and created more than 20,000 direct jobs in 2025.
Oduwole is seeking an increased capital vote of N2.72 billion for the ministry’s 2026 budget to drive industrialisation, trade expansion, and investment attraction. The ministry plays a key role in growing non-oil exports, stimulating domestic production, and attracting local and foreign investment.
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