Nigeria Emerges as Business Hub with $16bn Trade Surplus – Presidency

Nigeria’s economic policies are yielding positive results, with the country recording a $16 billion trade surplus, rising foreign reserves, and increased investor confidence, according to the Presidency.

Speaking in a recent interview, Special Adviser to the President on Media and Public Communications, Sunday Dare, attributed the economic boost to the bold policy decisions of President Bola Ahmed Tinubu administration that have stabilised the financial sector, improved regulatory transparency, and enhanced Nigeria’s attractiveness as an investment destination.

“President Tinubu has taken decisive steps to stabilize the naira, curb inflation, and boost production. As a result, global investors are paying close attention,” Dare stated.

Key reforms—including the unification of exchange rates, deregulation of the petroleum sector, and fiscal tightening—have played a crucial role in strengthening Nigeria’s economic outlook.

The government’s focus on eliminating bureaucratic bottlenecks has also made it easier for investors to do business in the country.

Dare highlighted that these efforts are already paying off, particularly in the growth of exports and capital inflows.

“We are now seeing a shift—more Nigerian businesses are becoming competitive in global markets, and international investors recognize the potential for long-term growth,” he added.

The $16 billion trade surplus signals stronger export performance, particularly in agriculture, oil, and manufactured goods, reinforcing Nigeria’s position as a leading player in Africa’s economic resurgence.

SOURCE: The Nation