Nigeria’s export sector recorded strong growth in the first quarter of 2026, with total exports rising to about $925.84 million, driven largely by increased non-oil trade activity and improved logistics performance, Business Insider Africa reported.
Data from the Nigeria Customs Service shows exports grew by 38.68 percent year-on-year, while export container traffic nearly doubled, reflecting better port operations and rising trade volumes across key sectors.
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The surge was led by a sharp increase in March 2026, when export values jumped significantly compared to the same period last year, helping push overall quarterly performance close to the $1 billion mark.
The development points to steady progress in Nigeria’s efforts to reduce reliance on oil by expanding exports in agriculture, manufacturing, and other non-oil sectors, with improved infrastructure and trade facilitation playing a key role, according to Punch Newspapers.
What This Means For Africa
This shows that economic diversification in Africa is starting to produce real results. As countries reduce dependence on oil and expand non-oil exports, they can build more stable economies, strengthen trade resilience, and create new opportunities for growth across multiple sectors.
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Image Credit: Clearcargonigeria
