FirstBank targets $10bn boost for Nigeria’s non-oil exports with agric conference

FirstBank has announced that its 2025 Agric and Export Conference, scheduled for August 19 at the Eko Convention Centre, will catalyze to unlock Nigeria’s non-oil export potential, with projections that the sector could generate over $10 billion annually if harnessed effectively.

Themed, “The Fundamentals of Building a Non-Oil Export Driven Economy,” the conference reaffirms the Bank’s commitment to strengthening agriculture and diversifying Nigeria’s revenue base away from crude oil. With oil revenues accounting for more than 70 per cent of foreign exchange earnings but less than 10 per cent of jobs, stakeholders say the non-oil sector, particularly agriculture, holds the key to sustainable growth and economic stability.

The hybrid event will draw government leaders, industry regulators, and private-sector players to discuss strategies for unlocking value in agriculture and exports. Expected speakers include the Minister of Agriculture and Food Security, Senator Abubakar Kyari; Managing Director of the Bank of Agriculture, Mr. Jafar Abubakar Umar; Managing Director of the Nigerian Export-Import Bank, Mr. Abba Bello; and Chief Executive of the Nigerian Export Promotion Council, Mrs. Nonye Ayeni, among others.

FirstBank’s Group Managing Director, Olusegun Alebiosu, described the conference as a strategic intervention to position agriculture and non-oil exports as the backbone of the economy.

“Through this platform, we are empowering stakeholders with actionable insights, innovative solutions, and valuable connections to drive sustainable growth. We believe non-oil exports, led by agriculture, can contribute billions of dollars annually to Nigeria’s economy and create millions of jobs,” he said.

The conference, which will feature plenary discussions, technical sessions, and exhibitions, is part of FirstBank’s long-term agenda to build resilience in Nigeria’s export economy. With agriculture identified as the country’s most viable alternative to oil, the initiative is expected to help businesses scale globally, strengthen food security, and support economic diversification in line with national development goals.