Tinubu Reacts As Nigeria’s Trade Surplus Hits ₦6.95tn

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.

Read Also: What Happened To Gani Adams Few Days After Criticising Tinubu

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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