Nigeria-Philippines Trade Surges 700% to $300 Million

Trade volume between Nigeria and the Philippines increased by 700% over three years, rising from $47 million in 2023 to $300 million in 2025, as both nations deepen cooperation.

NGN Market

Written by NGN Market

·3 min read
Nigeria-Philippines Trade Surges 700% to $300 Million

The volume of trade between Nigeria and the Philippines has seen a remarkable increase of 700% over the past three years. This surge saw trade rise from $47 million in 2023 to $300 million in 2025.

This development was announced by the Philippines’ Ambassador to Nigeria, Mersole J. Mellejor, during the 128th Independence Anniversary celebration of the Republic of the Philippines in Abuja. Ambassador Mellejor highlighted the consistent growth in commercial relations despite the modest overall trade volumes compared to larger global partners.

Nigeria and the Philippines established diplomatic and trade relations in August 1962, maintaining bilateral ties for over six decades. Both countries operate embassies in each other's capitals, underscoring their longstanding partnership.

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Ambassador Mellejor also disclosed plans to establish a Nigeria-Philippines Business Council. This initiative aims to strengthen commercial engagements and provide a more structured platform for businesses from both nations to leverage their strengths and unlock new investment opportunities.

Beyond economic ties, cultural and educational exchanges form strong pillars of the relationship. Afrobeats music has gained significant popularity in the Philippines, while Filipino television dramas attract audiences in Nigeria, reflecting growing people-to-people connections.

Furthermore, more than 9,000 Nigerians are currently pursuing higher education in the Philippines, reinforcing educational ties. Babagana Wakili, Chief of Protocol at Nigeria’s Ministry of Foreign Affairs, reaffirmed Nigeria’s commitment to expanding cooperation.

Wakili acknowledged the important contributions of the Filipino community in Nigeria, particularly in healthcare, education, and technology sectors. Nigeria seeks to deepen cooperation with the Philippines in trade, investment, agriculture, energy, labour mobility, and capacity building.

In April, the Philippines introduced a new Digital Nomad Visa programme. This allows remote workers, aged 18 and above, to live and work in the country for up to one year, provided they earn income from foreign sources using digital technology.

Most recently, in June 2026, Nigeria’s Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, and Ambassador Mersole J. Mellejor met to reaffirm their commitment to strengthening bilateral relations. They reviewed the state of relations and explored opportunities across various sectors, including trade, investment, education, and people-to-people exchanges.

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