NIGERIA’S 38.68% INCREASE IN EXPORT EARNINGS TRACEABLE TO TINUBU’S ECONOMIC REFORMS – TMV

The Tinubu Media Volunteers (TMV) has attributed the remarkable increase in Nigeria’s non-oil export earnings in the first quarter of 2026 to the far-reaching economic reforms introduced by the administration of President Bola Ahmed Tinubu.

In a statement jointly signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, the group expressed confidence that the positive trajectory in the nation’s trade performance would be sustained through continued policy consistency and strategic economic diversification.

According to the statement, recent data released by the Nigeria Customs Service reflects a significant improvement in export earnings, cargo movement, and revenue generation, indicating that Nigeria’s trade sector is experiencing a major turnaround.

“For us, this development is a clear indication that the federal government’s diversification agenda is yielding tangible results, especially in the non-oil export sector,” the group stated.

TMV noted that non-oil export earnings rose by 38.68 percent in Q1 2026 compared to the corresponding period in 2025, while export logistics also witnessed substantial growth, with container throughput increasing from 9,722 to 19,014 containers — representing a 95.58 percent rise.

The group further highlighted that exports processed during the period stood at $925.84 million, attributing the growth to improved port operations, customs reforms, and trade facilitation measures introduced by the federal government.

TMV also linked the increase to heightened export activities in the agricultural and manufacturing sectors, stressing that Nigeria’s push to reduce dependence on crude oil is gradually repositioning the economy for sustainable growth.

While commending the administration for the reforms, the group emphasized the need to sustain the momentum through continuous infrastructure upgrades, policy stability, and enhanced access to international markets.

The organisation also urged newly-appointed Nigerian ambassadors to leverage their diplomatic positions not only to attract foreign investments but also to open up new export opportunities for Nigerian products and services across global markets.