In 2025, Nigeria's non-oil exports reached $9.32 billion, reflecting a significant increase attributed to the growth of informal trade. This surge highlights the potential benefits of formalizing the informal trade sector, which could enhance economic growth and increase government revenue. The data underscores the importance of developing strategies to integrate informal trade into the formal economy, thereby maximizing its contribution to the national economy.
Related Articles
Don't miss out on breaking stories and in-depth articles.