The Sterling Non-Oil Export Academy is an initiative by Sterling Bank designed to provide expert advisory services and hands-on training for exporters seeking to thrive in the non-oil export space — with the ultimate goal of accelerating Nigeria’s non-oil export growth.

Designed as a convening ground for the entire export ecosystem; from established and aspiring exporters to regulators, financiers, aggregators, manufacturers, and logistics providers, the forum aims to spark bold conversations, build strategic connections, and chart a new course for Nigeria’s global trade ambitions.

Nigeria stands at a pivotal crossroads in its economic evolution. With global trade expanding and demand rising for high-quality, diverse products from new markets, the country has an unprecedented opportunity to grow its non-oil export sector and reposition itself as a competitive global supplier.

As of Q4 2024, Nigeria’s total merchandise trade reached ₦36.6 trillion, with exports contributing over half of that at ₦20 trillion. However, crude oil continues to dominate this space, accounting for 68.87% of total exports. Non-oil exports remain underutilized, contributing just 4.2% of total export value. In light of volatile oil prices and shrinking oil revenues, expanding Nigeria’s non-oil export base is no longer optional; it is urgent.

In response to this need, the academy will offer a comprehensive blend of hands-on training and tailored advisory services to both new and existing non-oil exporters. Participants will gain practical knowledge on export processes, compliance requirements, market access strategies, and financial planning — equipping them with the tools and insights needed to compete effectively in regional and global markets.