- President Bola Tinubu has celebrated the robust growth of Nigeria’s economy, as reported by the National Bureau of Statistics
- According to a statement from the presidency, the president welcomes the 6.60 per cent increase from the first quarter of the 2024 economic surplus
- According to the statistics, Nigeria recorded a trade surplus of N6.95 trillion in the second quarter of 2024 compared to the first quarter, where it recorded a 6.52 trillion surplus
President Bola Tinubu has welcomed the National Bureau of Statistics (NBS) latest report on Nigeria’s trade balance. The report reveals a trade surplus of N6.95 trillion in the second quarter of 2024, a 6.60 per cent increase from the first quarter’s surplus of N6.52 trillion.
The report highlights the country’s strong export performance, driven primarily by crude oil exports, contributing N14.56 trillion or 74.98% of total exports. Non-crude oil exports, valued at N4.86 trillion, accounted for 25.02% of total exports.