Nigerians rejoice as electricity exports increased from $176.54m in 2024 to $236.07m in 2025
Nigeria’s non-oil exports rose to $9.32 billion in 2025, marking a 24.93 per cent increase from $7.46 billion recorded in 2024, according to data from the Central Bank of Nigeria. The growth reflects the country’s ongoing efforts to reduce dependence on crude oil and strengthen alternative sources of export revenue.
The increase was driven by strong performances across several sectors. Electricity exports grew by 33.72 per cent to $236.07 million, while other non-oil exports climbed to $7.96 billion. Informal cross-border trade also expanded significantly, rising by 29.73 per cent to $252.86 million, while re-exports increased by 27.14 per cent to $860.54 million.
The African Development Bank (AfDB) noted that Nigeria’s informal sector still accounts for more than half of the country’s GDP, making it a major contributor to employment and economic activity. However, the bank warned that widespread informality limits tax revenue, financial inclusion and productivity growth.
Limited access to affordable finance remains a major challenge for informal traders and small businesses, as many lack the records and collateral needed to secure loans from financial institutions. Analysts believe greater formalisation could unlock credit opportunities, improve competitiveness and support long-term economic growth.
Open Letter to the Governor of Ekiti State @biodunaoyebanji
Your Excellency, Governor of Ekiti State,
I write this letter as a concerned citizen who genuinely wants to see Ekiti State thrive and reach its full potential.
For many of us who grew up in Ekiti or have spent years visiting Ado-Ekiti, there is a growing feeling that the state is not moving at the pace it should. While other states are actively attracting investments, empowering young people, and building modern economies, Ekiti risks being left behind.
One of the biggest concerns is the relationship between law enforcement and young people. In today’s digital economy, many young professionals work remotely as software developers, designers, content creators, digital marketers, traders, and entrepreneurs. Unfortunately, many of these young people often feel unfairly targeted and harassed simply because of how they look, the devices they carry, or the vehicles they drive.
A state cannot build a thriving technology ecosystem when its innovators and creatives constantly feel like suspects. Many talented Ekiti youths are relocating to Lagos, Ibadan, Abuja, and abroad because they believe they have better opportunities and freedom elsewhere. This brain drain is costing the state valuable talent and future economic growth.
There is also concern about the pace of economic development. While private investors continue to acquire properties and establish businesses, many citizens believe more can be done to create an environment that encourages local entrepreneurship, attracts investment, and generates sustainable jobs.
Rather than relying solely on government employment, Ekiti should position itself as a hub for technology, agriculture, education, tourism, and innovation. The state’s greatest asset is its educated population, and this advantage should be fully leveraged.
Suggested Solutions :
End Unnecessary Police Harassment :
Establish a clear framework for policing that respects citizens’ rights.
Create a public complaint channel for reporting harassment.
Conduct regular training for security personnel on community policing.
Launch an Ekiti Digital Economy Initiative
Create technology hubs and innovation centers across the state.
Provide grants and support for startups and young entrepreneurs.
Partner with private technology companies to create jobs.
Retain and Attract Talent
Offer incentives for businesses that employ Ekiti youths.
Develop co-working spaces and reliable internet infrastructure.
Promote remote work opportunities and digital skills training.
Improve Infrastructure
Continue upgrading major roads and transportation networks.
Invest in stable power and internet connectivity.
Prioritize infrastructure projects that directly support economic growth.
Promote Investment and Business Growth
Simplify business registration and approval processes.
Create an investor-friendly environment that attracts local and international businesses.
Support small and medium-sized enterprises with funding and training.
Your Excellency, this letter is not written to criticize for the sake of criticism. It is written out of hope. Ekiti has enormous potential, a highly educated population, and a reputation for excellence. With the right policies and leadership, the state can become one of Nigeria’s leading destinations for innovation, investment, and opportunity.
The future of Ekiti depends not only on building roads and structures but also on creating an environment where young people can dream, build, innovate, and succeed without fear.
Respectfully,
A Concerned Ekiti Citizen 🖊️.
🚨 BREAKING: Massimiliano Allegri as new Napoli head coach, here we go! 🔵💣
Former AC Milan manager accepts all the conditions offered by Napoli and he will sign in shortly.
Deal done. 🫱🏻🫲🏼
Arsenal will pay up to £75M if they win the league for additional clauses in players contracts, trust me a lot of clubs do want them to win it, most especially Chelsea & C. palace
😂