FG Invests ₦881m to Boost Non‑Oil Exports

The Federal Government allocated ₦881.13 million in the 2026 Appropriation Bill for the Nigerian Export Promotion Council (NEPC) to reinforce non-oil exports capacity. This is in a strategic move to accelerate Nigeria’s economic diversification drive.

The funding is included in the proposed ₦58.47 trillion federal budget to support projects that help Nigerian products enter and expand in international markets.

It covers initiatives such as export clusters and hubs across the six geopolitical zones, common facility and skills acquisition centres, certification programmes, and other export-enabling infrastructure.

The NEPC budget breaks down as follows:

• ₦143.99 million for building clusters, aggregation centers, and hubs focused on regional exports.
• ₦133 million for shared facility centers and skills training.
• ₦84 million for institutional strengthening of NEPC’s operational efficiency, among others.
• The remaining funds will support complementary initiatives such as export certification initiatives, export market access support, e-commerce export support, among others.

Officials say these expenditures are consistent with current export performance measures that show strong development in Nigeria’s non-oil export industry.

According to reports, NEPC says non-oil exports hit a record $6.1 billion in 2025, which is up 11.5% from $5.4 billion in 2024. Mrs. Nonye Ayeni, NEPC’s Executive Director/CEO commented;

“Nigeria’s non‑oil export performance in 2025 reached an all‑time high. The non‑oil export sector rose to approximately $6.1 billion, representing a year‑on‑year increase of about 11.5 per cent over and above the $5.46 billion recorded in 2024… This underscores the growing resilience and relevance of the non‑oil export sector to Nigeria’s economy.”

As positive performance indicators from the non-oil sectors emerge, the funding is part of the government’s larger policy attempts to diversify the country’s foreign exchange earnings and lessen reliance on crude oil revenues.