The Nigerian Export-Import Bank (NEXIM) says it remains committed to expanding and growing the country’s non-oil export as its strategic way of achieving the government’s $1 trillion economy target.
While the ambitious $1trn economy target by 2030 remains achievable, it cannot be realised on the back of a mono-economy, and resource based mindset.
The Managing Director/Chief Executive, NEXIM, Abubakar Abba Bello disclosed this in Abuja at the 2025 Annual General Meeting of the Finance Correspondents Association of Nigeria, FICAN.
Bello, who was represented by Babagana Musti, said the target was achievable if the country accelerates economic diversification and moves away from over-reliance on a single commodity.
He stressed that non-oil exports must form the backbone of the trillion-dollar vision, while pointing out opportunities in agriculture, solid minerals, and the creative industry, as key sectors capable of boosting foreign exchange earnings and job creation.
The bank said it was adopting three approaches towards achieving the $1trn economy via empowering exporters, agriculture and removing bottlenecks slowing our export growth.
In 2025, NEXIM said it disbursed N180bn to export customers , in addition to “providing targeted financing and guarantees to help Nigerian businesses scale production, improve quality standards, and compete more effectively in global markets.”
In agriculture, Bello highlighted the importance of regional trade in achieving sustained economic expansion, pointing out that ‘Nigeria must strategically leverage the African Continental Free Trade Area (AfCFTA) to deepen intra-African commerce and expand market access for local exporters.’
He stressed that addressing structural bottlenecks remains essential to export competitiveness that will boost revenue generation, while pointing out that through its Sealink Project, the Bank is supporting efforts to improve maritime and inland waterway logistics in order to reduce trade costs and enhance efficiency.
The Managing Director reiterated the bank’s commitment to transparency and partnership with the media, stressing that collaboration among policymakers, financiers, and the press was vital to translating the $1 trillion economy vision into tangible economic benefits for Nigerians.