Nigeria’s Federal Ministry of Industry, Trade and Investment (FMITI) demonstrated a new Trade Intelligence Portal in Abuja on Oct. 22, alongside reports on trade and investment, as the country recorded ₦12.36 trillion in non-oil exports in 2025. The government says the package is intended to help businesses, particularly smaller firms, reach overseas markets and connect with buyers.
The launch included the Trade Intelligence Report 2026, covering developments in 2025, and a report on the first half of 2026, whose title was not specified in the government announcement. FMITI says the tools can help firms assess foreign markets and trade requirements and locate potential buyers. The reports cover trade and investment trends, agreements and government policies.
Nigeria’s National Bureau of Statistics (NBS) recorded ₦12.36 trillion in non-oil exports from January through December 2025. Separately, the Nigerian Export Promotion Council (NEPC) said exporters shipped 8.02 million metric tonnes of non-oil goods that year, 10% more than in 2024. The shipments covered 281 products and reached 120 countries, NEPC said. The agencies report separate measures, and the figures do not provide a direct comparison of export value and volume.
FMITI said businesses face costly production, difficulty securing financing, transport bottlenecks and complex trade procedures. The tools are aimed especially at micro, small and medium-sized enterprises, which the ministry identifies among their intended users. The government links the initiative to its goal of building a $1 trillion economy by 2030 and says it follows an inaugural edition launched in November 2025.
Dr. Jumoke Oduwole, Nigeria’s minister of industry, trade and investment, said the next phase of economic transformation should strengthen domestic productive capacity and produce measurable benefits for businesses and citizens. The News Agency of Nigeria (NAN) reported that Oduwole said the portal is planned for formal launch during CANEX Weekend in Lagos, scheduled for Nov. 5-8.
