Minister of Finance, Wale Edun, has assured Nigerians that the economy is growing under President Bola Tinubu’s leadership, citing a significant increase in non-oil exports.
Gatekeepers News reports that at a press briefing at the State House, Abuja, Edun revealed that Nigeria achieved $55 billion in non-oil exports in 2023, creating a trade surplus.
Edun stated, “In broad terms, the economy is growing. The balance of payment, in particular, the trade balance and the current account balance are in surplus. The exchange rate is stabilizing. The inflation, though uncomfortably high, is slowing and set to fall.”
He emphasised that foreign and domestic investors are returning to the economy, creating opportunities in infrastructure sectors. Edun also highlighted the government’s focus on the service sector to provide employment opportunities for young Nigerians, particularly in outsourcing skills through the Internet and telephones.
The Minister assured that the government would continue to support the economy through strategic interventions to reduce the high cost of living caused by rising inflation.
