TMSG Praises Diversification as Non-oil Exports Hit N12.36tn
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TMSG Praises Diversification as Non-oil Exports Hit N12.36tn
By Alabidun Shuaib AbdulRahman
The Tinubu Media Support Group, TMSG has said Nigeria’s latest non-oil exports figure of N12.36tn underscores the success of deliberate efforts to reduce the country’s dependence on crude oil revenue.
The group, in a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, said the figure released by the National Bureau of Statistics was evidence that the administration of President Bola Ahmed Tinubu was committed to economic diversification.
According to the group, the growth in non-oil exports from N9.09tn in 2024 to N12.36tn in 2025 reflects a sustained upward trajectory in the sector.
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It noted that the development showed that the Federal Government was not merely paying lip service to diversification but was implementing policies that were yielding measurable results.
“From a 2024 figure of N9.09tn to N12.36tn in 2025, the non-oil sector has continued to record a surge in export numbers.
“For us, it is a clear testimony to the commitment of the President Bola Tinubu administration to diversify the Nigerian economy,” the statement read.
The group acknowledged that while the oil sector remained Nigeria’s major source of foreign exchange earnings, recent performance in the non-oil sector indicated a growing shift towards a more balanced economic structure.
It added that ongoing efforts by the government to expand oil production capacity through fiscal incentives had not diminished its focus on strengthening other sectors of the economy.
The statement cited the latest Foreign Trade in Goods Statistics report by the National Bureau of Statistics as showing continued progress in Nigeria’s push to expand exports across agriculture, manufacturing and mineral resources.
It recalled that Nigeria’s non-oil exports had declined to N2.56tn in the year President Tinubu assumed office, down from N3.14tn recorded in 2022.
However, the group said the sector witnessed a significant rebound, rising to N9.09tn in 2024 before increasing further to N12.36tn in 2025.
“This is a reflection of the administration’s commitment to expanding the nation’s economic base in such a way that the country would not be affected by global oil crises or shortfalls in oil revenue,” it stated.
The group also noted that Nigeria’s non-oil export earnings had already surpassed N9tn within the first nine months of last year, describing it as the strongest performance recorded in the sector since 2020.
A breakdown of the export earnings, according to the statement, showed a strong performance in the mineral sector, which it attributed to increased government attention, with agriculture also recording significant contributions.
The Tinubu Media Support Group expressed optimism that the non-oil sector would sustain the momentum and surpass its 2025 performance in the current year.
It added that continued investments and policy support would further strengthen Nigeria’s export base and enhance its resilience against external economic shocks.
