Abuja– President Bola Tinubu has expressed satisfaction with the latest report from the National Bureau of Statistics (NBS) on Nigeria’s trade balance.
The report shows that the country recorded a trade surplus of N6.95 trillion in the second quarter of 2024, a 6.60% increase from the previous quarter.
The president noted that this positive development is a result of the economic reforms his administration has implemented.
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He expressed confidence that these reforms will continue to yield positive results, leading to a more robust economy and increased prosperity for Nigerians.
The NBS report highlights the country’s strong export performance in the second quarter, driven primarily by exports to Europe, the United States, and Asia. Total exports stood at N19.42 trillion, accounting for 60.89% of total trade.
President Tinubu’s administration remains committed to consolidating on the gains of these reforms, with further fiscal and tax policy reforms in the pipeline.
The goal is to address the challenges that have hindered Nigeria’s growth and development, unlocking the country’s full potential.