Tinubu: Nigeria Becomes Net Exporter, Trade Surplus Reflects Economic Transformation
President Bola Ahmed Tinubu announced Nigeria's transition to a net exporter, achieving a trade surplus for five consecutive quarters during a broadcast marking the country's 65th independence anniversary. Tinubu highlighted the shift towards exporting more goods than importing, signaling a significant economic transformation away from oil dependence.
The increased export of manufactured goods has contributed to strengthening the naira, creating local jobs, and diversifying the economy. Nigeria's trade surplus in Q2 2025 reached trillions, with manufactured goods exports rising by 173%, demonstrating the success of economic reforms.
Tinubu emphasized the importance of this shift in boosting the country's trade earnings and reducing reliance on oil exports.
Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.
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