As Nigeria’s non-oil export rises to $5.5bn, student export development scheme opens in PH

?Export trainers want to create alternative to ?Yaboo-boys? business

As Nigeria?s non-oil export rises to $5.5bn, experts have floated mass recruitment scheme into the non-oil export army by opening a development scheme for students.

According to Ofon Udofia, executive secretary of the Institute of Export Operations and Management (IEOM), the plan is to turn students from importers and consumers of foreign exchange (forex) to exporters and earners of forex.

This, he said, is to help mobilise and army of forex earners and exporters that would reduce pressure on demand for forex and on the naira.

Unveiling the IEOM Student Academy in Port Harcourt, Thursday, March 6, 2025, Udofia pointed to the yearly growth in Nigeria?s non-oil export sector from $2.5 billion in 2021 to approximately $5.5 billion in 2025.

He said the upward trend highlights the immense potential within Nigeria?s economy. ?There are countless opportunities for young Nigerians in export?whether in agriculture, fashion, processed foods, technology, or creative industries. In regions like the Niger Delta, high-value exports such as seafood, artisanal crafts, and specialty agricultural products can create sustainable income streams.

?The challenge, however, is bridging the knowledge gap?ensuring that more Nigerians understand how to access global markets, comply with international regulations, and build sustainable export businesses.