Nigeria’s trade surplus has risen to 6% of its Gross Domestic Product (GDP), according to Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN). Speaking at the IMF/World Bank Annual Meetings in Washington, Cardoso highlighted the achievement as a testament to the country’s ongoing economic reforms.
In a statement released by Mohammed Manga, Director of Information and Public Relations at the Federal Ministry of Finance, Cardoso emphasized the connection between disciplined fiscal and monetary policies and positive economic outcomes. He noted that these policies have contributed to steady growth and a gradual easing of inflation pressures.
Cardoso, who led Nigeria’s delegation at the meetings, outlined the CBN’s efforts to enhance international trade and financial cooperation. He revealed that the bank is crafting a framework for currency swap agreements with other nations, designed to ensure mutual benefits and strengthen Nigeria’s global trade position.
Joining Cardoso, Dr. Doris Uzoka-Anite, Minister of State for Finance, underscored the government’s commitment to deepening ties with global financial institutions. Speaking at the G-24 meeting, she highlighted Nigeria’s focus on fostering sustainable growth through inclusive economic policies. “Our presence here signals Nigeria’s resolve to build a resilient and competitive economy,” Uzoka-Anite said, noting that the global attention on Nigeria reflects growing confidence in its reform agenda.
The meetings mark a pivotal moment for Nigeria’s economic diplomacy, as the country seeks to solidify partnerships and advance its development goals. The announcement comes alongside plans by the federal government to raise N1.76 trillion through treasury bill sales in the third quarter of 2025, signaling continued efforts to manage fiscal needs amid broader economic stabilization measures.
