Nigeria’s trade surplus has risen to six per cent of Gross Domestic Product (GDP), according to the Central Bank Governor, Mr Olayemi Cardoso, signalling improved trade performance amid ongoing economic reforms.
Cardoso made the announcement in Washington on Wednesday in a statement released by Mr Mohammed Manga, Director of Information and Public Relations at the Federal Ministry of Finance.
Leading Nigeria’s delegation to the IMF and World Bank Group annual meetings, Cardoso said the government remains committed to prudent fiscal and monetary policies designed to stabilise the economy and curb inflation.
He noted that the CBN is developing a framework to ensure that future currency swap deals with partner countries provide balanced benefits and strengthen Nigeria’s participation in global trade and financial networks.
“The alignment between disciplined fiscal management, monetary reforms, and economic growth is crucial to sustaining progress,” Cardoso said.
Minister of State for Finance, Dr Doris Uzoka-Anite, who attended the G-24 meeting, said Nigeria’s active participation reflects its growing credibility and determination to build a more resilient and inclusive economy.
She described the Washington meetings as a milestone in advancing Nigeria’s economic diplomacy, adding that international confidence in the country’s reform agenda continues to rise.
