The Chamber of Commerce and Lagos Industry (LCCI) has described the growth of exports without oil of $ 3,225 billion Nigeria, registered in the first half of 2025, as an indicative of the need for the government to create new market routes for its new business partners.
The Chamber, in a statement, labeled: ‘Global Associations of Nigeria: of agreements to action’, issued by its general director, Dr. Chinyere Almona, on Monday, said that the growth of 19.6 percent, largely driven by the global demand for products, such as: cocoa, urea/fertilizer and cash effective, among others; And the increase in non -oil exports to 4.04 million metric tons of 3.83 million tons, in the first half of 2024, shows the country’s greatest capacity to process non -oil exports and increase their export gains.
He warned that, since the reduction of the US export profits, and the prices of the brand’s crude oil, could reduce the country’s FX inputs in the short term, especially at a time of liquidity in dollars, the country should be ready to pay more attention when promoting non-oil exports and intra-African trade, instead of its excessive relationship in crude oil exports.
The Chamber, therefore, advised the Federal Government to communicate with strategic partners that would place Nigeria in a stronger negotiation position when necessary.
He praised the signing of the Bilateral Air Service Agreement (BASA) with Brazil, which allows direct flights between the two nations, and added that the agreement would greatly contribute to the expansion of export markets, boost tourism and cultural exchange, and unlock new trade routes for Nigerian companies.
“Beyond aviation, it offers opportunities for technical associations in the maintenance of airplanes, aerospace engineering and vocational training for Nigerian young people. Nigeria’s base -Brazil should not be only on flights, but to create new roads for trade, mobility and job opportunities for Nigerian youth. Therefore, it must be activated quickly and strategically,” he said.
On the results of the Tokyo International Conference on African Development (Ticad 9), the Company Defense Group showed its weight behind the collaborative financing framework of $ 238 million of Japan to improve the infrastructure of the Nigeria electricity generation network.
He expressed the belief that the investment gestures of Japan and other economies would encourage Nigeria to equip their youth population with vocational and technical skills to capitalize on opportunities in intensive laboratory sectors, such as those found in high -manufacturing countries such as Japan.
LCCI also charged the Federal Government to consider investing in the development of renewable energy infrastructure, boosting the adoption of GNC technologies and creating an enabling environment that encourages foreign states and investors to participate in the creation of value, since it invests new capital in the national grill.
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The Chamber insisted that the country’s foreign policy must now focus on translating agreements into tangible results, and added that the private sector must be well integrated into the operation of such agreements through monitoring mechanisms, establishing clear deadlines for implementation and prioritizing the development of vocational and technical skills in the markets, where necessary.
“Japan sees our young people as the greatest strength in Africa. Nigeria must equip their young people with the technical skills to compete worldwide.
“Taking the right actions in the agreements signed with new strategic partners can boost inclusive growth and boost foreign trade gains. By combining visionary diplomacy with a practical action, Nigeria can change the global perceptions of challenges to opportunities and change brand change as an economy driven by reform, with youth and prepared food for investment.
“These agreements are trampolines. Nigeria must link the agreements signed in aviation, ICT, manufacturing and energy with industrial growth, boost productivity and diplomacy with development. What was signed abroad must translate into prosperity at home,” he added.
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