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Nigeria Edition•Business
October 24, 2026•0 views
News Brief

Nigeria Unveils Trade Intelligence Tools to Support Non-Oil Exporters and Regional Growth

Nigeria's Ministry of Industry, Trade and Investment has launched new trade intelligence reports to assist domestic businesses in identifying international export markets.

Nigeria Unveils Trade Intelligence Tools to Support Non-Oil Exporters and Regional Growth
Image: BusinessdayCredit: Image: Businessday
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In Brief

  • •Nigeria's Ministry of Industry, Trade and Investment has launched new trade intelligence reports to assist domestic businesses in identifying international export markets.
  • •The federal government reported that non-oil exports reached N12.36 trillion in 2025, reflecting a 36 percent growth compared to the previous year.
  • •Capital importation grew from approximately $3.9 billion in 2023 to more than $23 billion in 2025, with Nigerian products delivered to over 120 countries.
  • •The ministry announced plans to formally launch an interactive Trade Intelligence Portal during the CanEx Weekend 2026 in Lagos.

Why It Matters

The launch of structured trade data tools aims to lower information barriers for Nigerian businesses seeking to expand into foreign markets under the African Continental Free Trade Area (AfCFTA). By providing data on tariffs, market demand, and regulatory compliance, the initiative seeks to convert growing export interest into structured commercial sales and reduce the nation's traditional dependency on oil revenue. However, structural headwinds such as elevated production costs, financing limits, and trade logistics issues continue to present challenges for local businesses. Government trade strategies are focused on deploying digital infrastructure and policy reforms to translate capital inflows into tangible economic output.

Key Details

2025 Non-Oil Export Value
N12.36 trillion
Non-Oil Export Growth
36% increase year-over-year
Capital Importation (2025)
Over $23 billion
Tracked Investment Announcements
Over $50 billion (2024-2025)
Share of Exports to Africa
15.4% in 2025 (up from 11.3% in 2024)
Exported Product Count
281 products in 2025 (up from 246 in 2024)

Context & Background

Nigeria has been pushing to diversify its export base away from crude oil by improving regulatory frameworks, expanding economic zones, and encouraging intra-African commerce under AfCFTA guidelines.

What To Watch

The official launch of the Trade Intelligence Portal at the CanEx Weekend 2026 event in Lagos.

Original Reporting & Sources

VNews is an independent briefing product. Original reporting remains credited to the following publishers:

Businessday
Primary Source
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