Nigeria’s maritime export sector recorded a 12% growth in the first half of 2025, with export values rising from ₦38.27 trillion to ₦42.87 trillion, according to new industry data. The increase reflects stronger foreign exchange earnings and improved trade efficiency across port corridors.
Analysts attribute the expansion primarily to the Federal Government’s foreign exchange reforms, which have unified exchange rates and enhanced pricing transparency in export transactions. The reforms are also credited with attracting more private-sector players into export value chains.
A major contributor to the growth is the Dangote Refinery and Petrochemical Complex, whose ramped-up industrial output has boosted exports of refined petroleum products and chemical derivatives, including fertiliser and urea.
Industry observers say the refinery’s operations are enabling Nigeria to replace some fuel imports with locally refined products, while simultaneously expanding export capacity into regional and global markets.
They add that a more competitive exchange-rate regime is making Nigerian exports more attractive, improving revenue flows for both government and private operators.
The maritime sector is expected to maintain its upward trajectory through the second half of the year, supported by:
- Expanded petrochemical and fertiliser output
- Increasing private-sector participation in logistics and shipping
- Ongoing port modernization and digitization reforms
Ranks Africa will continue to monitor export performance as Nigeria works to position itself as a regional manufacturing and shipping hub.
