Here are some of the emerging trends in Nigeria's export sector ¹:
- *Oil and Gas*: Nigeria has some of the largest natural gas deposits in the world with over 206.5 trillion cubic feet of proven reserves. However, the country has been unable to significantly mobilize that gas for the domestic market.
- *Power Sector*: The power sector neither meets the existing demand nor delivers uninterrupted reliable electricity. Nigeria’s electricity system operator calculates the nation’s 23 grid-connected generating plants with a total installed generation capacity at 12,910 megawatts (MW), an available capacity at 7,652 MW, and an average available generation of about 4,000 MW.
- *Infrastructure*: Nigeria’s publicly-owned and operated transportation infrastructure is a major constraint to economic development. The principal ports are Lagos (Apapa and Tin Can Island), Port Harcourt, and Calabar.
- *Services*: Nigeria’s services output ranks as the 63rd largest worldwide and fifth largest in Africa. The Nigerian financial services sector is substantial, and some foreign banks are in market as a hub for West Africa despite the rising macroeconomic headwinds.
- *Consumer Products*: Nigeria is an increasingly important market and manufacturing center for the African consumer product sector. Nigeria is currently home to a middle class, estimated to be just below 50 million people.
- *Information and Communication Technology*: According to the Nigerian Communication Commission (NCC), Nigeria is Africa’s largest ICT market, accounting for 82% of Africa’s ICT market and 29% of internet usage in Africa.
- *Agriculture*: Nigeria’s agricultural sector employed nearly 70% of the population and comprised nearly 22% of GDP in the Q1 of 2022, slightly higher than the 21.42% in Q4 2021. Nigeria possesses an abundance of arable land and a favorable climate for production of nuts and seeds fruits, tubers, and grains.

Here are some emerging trends in Nigeria's export sector 

1. Executing fiscal reforms: Nigeria's ambitious revenue targets for 2024 depend heavily on oil prices and reform implementation.

2. Evolving monetary policy stance: The Central Bank of Nigeria must independently pursue inflation goals, emphasizing inflation control and maintaining a stable financial system.

Please note that these are just some of the trends and there could be other trends that are not mentioned here.