President Bola Tinubu has praised the latest report from the National Bureau of Statistics (NBS), which reveals that Nigeria achieved a trade surplus of ₦6.95 trillion in the second quarter of 2024.
This marks a 6.60% increase from the ₦6.52 trillion surplus reported in the first quarter.
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In a statement from his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu expressed optimism about the reforms being implemented by his administration.
He believes these reforms will foster a stronger economy and herald a new era of prosperity for Nigerians.
The NBS report highlights a robust export performance in the second quarter, contributing to the surplus.
This positive news follows the nearly 100% oversubscription of Nigeria’s first $500 million domestic bond and a half-year revenue of ₦9.1 trillion.
According to the report, exports to Europe, the United States, and Asia were significant factors driving the Q2 surplus.
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