Nigeria recorded a rise in foreign inflows over the first ten months of 2025 as higher non-oil export earnings strengthened the country’s external position and improved foreign-exchange liquidity.
According to market analysts, inflows climbed to nearly $21 billion, reflecting stronger performance across agro-exports, solid minerals, and processed goods.
The increase represents one of the most notable gains in recent years and highlights the growing contribution of non-oil sectors to Nigeria’s external accounts.
The expansion in export receipts also supported the country’s current account balance, which moved into a stronger position on the back of improved earnings and moderating import pressures.
Economists say the performance underscores the effectiveness of ongoing reforms aimed at diversifying Nigeria’s foreign-exchange base away from heavy dependence on crude oil.
Stakeholders note that improved access to financing, expansion of value-chain activities, and targeted government programmes have helped exporters scale operations and expand market reach.
The combination of better logistics, enhanced quality controls, and rising demand from key trade partners also contributed to the increase in export volumes.
The stronger inflow position provided relief for the foreign-exchange market, helping to cushion volatility and improve supply conditions for manufacturers and other import-dependent sectors.
Analysts believe that sustained growth in the non-oil segment could provide long-term stability for Nigeria’s balance of payments and support broader economic growth.
However, experts also highlight ongoing challenges, including infrastructure constraints, compliance costs, and the need for greater investment in processing capacity.
They emphasise that consolidating the gains recorded so far will require continuous policy support and strengthened trade-facilitation efforts.
Overall, the latest inflow figures reinforce the importance of Nigeria’s non-oil economy in shaping the country’s external resilience and highlight the sector’s growing relevance in national development planning.