Non-Oil Export Surge Lifts Nigeria’s Inflows to Almost $21bn in 10 Months

Nigeria recorded an increase in overseas inflows over the primary ten months of 2025 as larger non-oil export earnings strengthened the nation’s exterior place and improved foreign-exchange liquidity.

In line with market analysts, inflows climbed to just about $21 billion, reflecting stronger efficiency throughout agro-exports, strong minerals, and processed items.

The rise represents one of the vital notable features lately and highlights the rising contribution of non-oil sectors to Nigeria’s exterior accounts.

The enlargement in export receipts additionally supported the nation’s present account steadiness, which moved right into a stronger place on the again of improved earnings and moderating import pressures.

Economists say the efficiency underscores the effectiveness of ongoing reforms geared toward diversifying Nigeria’s foreign-exchange base away from heavy dependence on crude oil.

Stakeholders word that improved entry to financing, enlargement of value-chain actions, and focused authorities programmes have helped exporters scale operations and develop market attain.

The mix of higher logistics, enhanced qc, and rising demand from key commerce companions additionally contributed to the rise in export volumes.

The stronger influx place supplied reduction for the foreign-exchange market, serving to to cushion volatility and enhance provide situations for producers and different import-dependent sectors.

Analysts consider that sustained progress within the non-oil phase might present long-term stability for Nigeria’s steadiness of funds and help broader financial progress.

Nevertheless, specialists additionally spotlight ongoing challenges, together with infrastructure constraints, compliance prices, and the necessity for better funding in processing capability.

They emphasise that consolidating the features recorded to this point would require steady coverage help and strengthened trade-facilitation efforts.

General, the newest influx figures reinforce the significance of Nigeria’s non-oil economic system in shaping the nation’s exterior resilience and spotlight the sector’s rising relevance in nationwide improvement planning.