Nigeria's Trade Surplus Reaches 6% of GDP, CBN Governor Reveals Positive Economic Outlook
CBN Governor Olayemi Cardoso revealed that Nigeria's trade surplus has reached 6% of GDP, thanks to improved balance of trade and sound macroeconomic policies. Speaking at the G24 press briefing during the IMF and World Bank annual meetings in Washington, Cardoso highlighted Nigeria's efforts to shield itself from global uncertainties.
The Nigerian Bureau of Statistics reported a 44% increase in trade surplus in Q2 2025, with total merchandise trade valued at N38.037 trillion. Export value also surged by 28.43% compared to the same quarter in 2024.
The government's commitment to engaging international financial institutions and stakeholders aims to drive economic growth and improve citizens' lives.
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