The National Bureau of Statistic’s report has noted surplus in the second quarter trade of 2024, leaving it at ₦6.95tn. According to the report, the current surplus is 6.60 per cent higher than the ₦6.52tn surplus recorded in the first quarter. The Special Adviser to the President, Information and Strategy, Bayo Onanuga, stated that President Bola Tinubu had expressed confidence in the reforms his administration is pursuing, and believed they will create a more robust economy that will usher in a new era of prosperity for Nigerians.
The NBS report, reflects the country’s strong export performance in the second quarter, and comes just days after the country recorded almost 100 per cent oversubscription of its first $500m domestic bond and half-year revenue of ₦9.1tn.
The NBS reported that exports drove the Q2 surplus to Europe, the United States and Asia.
