The Traffic

Nigeria’s Economy on the Rise—Presidential Aide Boasts of $16 Billion Trade Surplus

By Achimi Muktar

Nigeria’s economic recovery is well underway, with policies introduced by President Bola Ahmed Tinubu’s administration driving impressive gains, according to the Special Adviser to the President on Media and Public Communications, Sunday Dare.

Dare, in a recent statement, announced that the nation has recorded a $16 billion trade surplus, alongside rising foreign reserves and renewed investor confidence—clear signs, he said, that government policies are working.

“Tinubu’s Bold Moves Are Paying Off”

At the heart of this economic turnaround, Dare explained, are decisive policy reforms that have stabilized the financial sector, increased regulatory transparency, and made Nigeria more attractive to foreign investors.

“President Tinubu has taken bold steps to stabilize the naira, curb inflation, and boost production,” he said. “As a result, global investors are now paying close attention.”

He highlighted key economic strategies, including:
✔ Unification of exchange rates to create a more predictable forex market.
✔ Deregulation of the petroleum sector, allowing market-driven pricing.
✔ Fiscal tightening, ensuring prudent government spending.

According to Dare, these measures have led to a more stable economic environment, fostering business expansion and foreign capital inflows.

Investors Regain Confidence in Nigeria

The government’s focus on removing bureaucratic bottlenecks has also played a crucial role in making Nigeria a more investor-friendly nation, Dare noted.

“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 said.

The $16 billion trade surplus, he emphasized, is proof of this success—driven by stronger exports in agriculture, oil, and manufactured goods.

Nigeria Reclaiming Its Place in Africa’s Economy

With these economic gains, Nigeria is positioning itself as a leading force in Africa’s financial resurgence. The presidential aide assured that the administration remains committed to deepening reforms, creating jobs, and ensuring sustainable economic growth.

While challenges remain, Dare’s message was clear: Nigeria’s economy is bouncing back, and the world is taking notice.