Nigeria @ 65: Tinubu Hails Trade Surplus, Stronger Naira

President Bola Ahmed Tinubu on Wednesday said Nigeria’s economic reforms are beginning to yield tangible results, pointing to a stronger naira, a return to trade surplus and growing reserves as signs that the country is on the right path.

Delivering his nationwide address to mark the 65th Independence anniversary, the President insisted that the difficult reforms of the past year were necessary to stabilise the economy and restore investor confidence.

“Our economy is stronger today than it was one year ago. Inflation is coming down, the exchange rate is stabilising, and Nigeria has recorded a trade surplus for the first time in years. Our foreign reserves now stand at $42 billion, while non-oil revenues have risen to N20 trillion,” Tinubu declared.

He maintained that his administration’s fiscal and monetary policies, particularly the removal of fuel subsidy and exchange rate unification, were already creating a foundation for sustainable growth.

According to him, Nigeria must stay the course, as the sacrifices of citizens were producing early signs of recovery. He assured that government would continue to cushion the impact on vulnerable households while ensuring long-term stability.