The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has announced that Nigeria’s trade surplus has risen to six percent of the nation’s Gross Domestic Product (GDP).
BSGISTNEWS reports that Cardoso disclosed this in a statement issued by Mr. Mohammed Manga, Director of Information and Public Relations at the Federal Ministry of Finance, on Wednesday in Washington, D.C.
Leading Nigeria’s delegation to the IMF/World Bank Annual Meetings, Cardoso reaffirmed the government’s commitment to prudent macroeconomic management and ongoing economic reforms. He highlighted the connection between disciplined fiscal and monetary policies, economic growth, and a gradual decline in inflationary pressures.
The CBN governor also revealed that the bank is working on a framework for currency swap arrangements with other countries, ensuring such deals are mutually beneficial and designed to strengthen Nigeria’s role in international trade and financial cooperation.
Also speaking, the Minister of State for Finance, Dr. Doris Uzoka-Anite, emphasized the government’s dedication to strategic engagement with global financial institutions and development partners.
According to her, Nigeria’s participation in the G-24 meeting underscores its determination to build stronger partnerships and promote sustainable growth through inclusive, forward-looking policies.
Uzoka-Anite added that the global attention Nigeria received at the meeting reflected rising international confidence in the country’s reform agenda and its drive to build a resilient, competitive, and dynamic economy.
She concluded that Nigeria’s presence at the Washington meetings marked a significant step in advancing the nation’s economic diplomacy.
