President Bola Tinubu on Wednesday said Nigeria has become a net exporter after recording a trade surplus for five consecutive quarters.
The Nigerian leader said this in a broadcast to mark Nigeria’s Independence Anniversary on Wednesday.
“We are now selling more to the world than we are buying, a fundamental shift that strengthens our currency and creates jobs at home,” he said.
“Nigeria’s trade surplus increased by 44.3 per cent in Q2 2025 to ₦7.46 trillion ($4.74 billion), the largest in about three years.”
The president said that goods manufactured in Nigeria and exported jumped by 173 per cent.
“Non-oil exports, as a component of our export trade, now represent 48 per cent, compared to oil exports, which account for 52 per cent,” he explained.
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This signals that we are diversifying our economy and foreign exchange sources outside oil and gas, Mr Tinubu said.
He added on Wednesday that his administration inherited a “near-collapse” economy caused by decades of misgovernance in the country.
