Tinubu: Nigeria’s Non-Oil Exports Hit Record $6bn As Economy Enters New Growth Phase

President Bola Ahmed Tinubu has said Nigeria recorded more than $6 billion in non-oil export revenue in 2025, describing the development as evidence of growing activity among Nigerian businesses.

Tinubu disclosed this in his Independence Day address to Nigerians, where he said the country’s economy had entered a new phase following the implementation of economic reforms.

According to the President, Nigeria’s economy grew by more than four per cent this year, with both the oil and non-oil sectors contributing to the period of renewed growth.

He also said inflation had fallen substantially from its peak, while foreign reserves had been rebuilt and the foreign exchange market stabilised.

“in 2025 this country recorded its highest revenue from non-oil exports in its history, exceeding $6 billion,” Tinubu said, adding that the revenue represented money generated by Nigerian businesses.

The President said foreign direct investment was also continuing to rise, while international observers and multilateral institutions had acknowledged improvements in Nigeria’s economic stability and resilience.

Tinubu said the next phase of his administration would focus on creating widespread prosperity by reducing the cost of production and improving the environment for businesses.

He said the government would invest in roads, railways, ports, storage and transportation infrastructure to reduce the cost of moving goods from farms and factories to markets.

“When a farmer produces more cheaply, when fewer crops are lost between the farm and the market, when a manufacturer spends less on electricity, when a truck reaches its destination faster, and when the business environment fosters fair competition, all those savings will ultimately find their way into the price of goods in the market,” he said.

The President also pledged support for Nigerian businesses, industrial growth and enterprises, saying the government would use gas to power new industries and support efforts to revive factories.

He said the administration wanted more Nigerian businesses producing locally and selling Nigerian goods to markets around the world.