The Tinubu Media Support Group (TMSG) has described Nigeria’s improving non-oil export earnings as clear evidence of deliberate efforts by the administration of Bola Ahmed Tinubu to reduce the country’s long-standing dependence on crude oil revenue.
In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, the group said the latest non-oil export figure of ₦12.36 trillion released by the National Bureau of Statistics (NBS) reflects the administration’s commitment to diversifying the Nigerian economy.
According to TMSG, the steady rise in export earnings from sectors outside crude oil shows that the government is not merely paying lip service to economic diversification.
The group noted that Nigeria’s non-oil exports rose from ₦9.09 trillion in 2024 to ₦12.36 trillion in 2025, representing a significant increase in economic activities across key sectors.
“For us, it is a clear testimony to the commitment of the administration of President Bola Tinubu to diversify the Nigerian economy,” the statement said.
It added that while the oil sector remains the country’s primary source of foreign exchange, the growing performance of non-oil exports demonstrates that Nigeria is steadily broadening its economic base.
TMSG also highlighted the trajectory of the sector in recent years, noting that non-oil export earnings had declined to ₦2.56 trillion in 2023 from ₦3.14 trillion recorded in 2022. However, the sector rebounded strongly, rising to ₦9.09 trillion in 2024 before climbing further to ₦12.36 trillion in 2025.
The group said the development reflects ongoing government efforts to ensure that Nigeria is better insulated from global oil market shocks or potential shortfalls in crude oil revenue.
Citing data from the NBS Foreign Trade in Goods Statistics report, the group noted that exports from agriculture, manufacturing, and solid minerals are playing increasingly significant roles in driving the non-oil sector.
It further observed that revenue from non-oil exports had already exceeded ₦9 trillion within the first nine months of last year, describing it as the strongest performance recorded in the sector since 2020.
According to TMSG, the mineral sector accounted for a large portion of the export growth, which it said underscores the renewed government focus on expanding the solid minerals industry, with agriculture also contributing significantly.
The group expressed optimism that the sector would surpass its 2025 performance in the current year as reforms and investment initiatives continue to take effect.
It added that sustained investment in value addition, improved export infrastructure, and policies that support local producers would further strengthen the non-oil export sector and help Nigeria achieve long-term economic stability.
TMSG also urged stakeholders in the private sector to take advantage of the improving policy environment to expand production and explore export opportunities in emerging markets.
