Nigeria’s exports to other African countries rose to N10.72 trillion in the first half of 2026, according to data reported by Punch, highlighting the growing value of Nigeria’s trade relationship with the rest of the continent.
The figure represents a significant increase in the naira value of exports compared with previous periods. However, analysts have cautioned that the increase does not necessarily mean Nigeria’s export volumes or productive capacity expanded at the same pace.
Part of the increase has been linked to the depreciation of the naira, which raises the naira value of goods sold internationally. Oil also remains an important contributor to Nigeria’s export earnings, meaning the headline figure does not necessarily reflect a broad-based expansion in non-oil exports.
The development comes as Nigeria continues to push for greater intra-African trade under the African Continental Free Trade Area (AfCFTA). The agreement is designed to reduce trade barriers between African countries and create a larger single market for goods and services.
For Nigeria, expanding exports beyond crude oil remains a key part of efforts to strengthen foreign-exchange earnings, support local production and create opportunities for businesses. Greater access to African markets could also provide Nigerian manufacturers, agricultural producers and service companies with a larger customer base.
However, analysts continue to point to the need for stronger domestic production, competitive pricing and improved infrastructure if Nigeria is to turn rising export values into sustained growth in non-oil trade.
The latest figures therefore show both the scale of Nigeria’s trade with Africa and the importance of looking beyond the naira value of exports when assessing the country’s progress in expanding its productive and non-oil economy.
