President Bola Tinubu has expressed confidence in the reforms his administration is pursuing, stating that they will create a more robust economy that will usher in a new era of prosperity for Nigerians.
Gatekeepers News reports that Tinubu, while reacting to Nigeria’s N6.9 trillion trade surplus increase recently reported by the National Bureau of Statistics (NBS), said his administration will consolidate on the gains of the reforms.
“Generally, the economic indicators, which were very low when President Tinubu assumed office last year, are turning positive,” said Bayo Onanuga, special adviser on information and strategy to the president.
“The government will continue to consolidate on the gains of the reforms as more fiscal and tax policy reforms already embarked upon by the administration come to fruition.”
The NBS reported that the second quarter (Q2) trade surplus figure was a 6.6 percent increase from the N6.52 trillion recorded in the first quarter (Q1) of 2024. Total exports reached N19.42 trillion in Q2, a 1.31 percent rise from the N19.17 trillion recorded in the previous quarter and a 201.76 percent increase relative to the N6.44 trillion recorded in Q2 2023.
Tinubu is determined to “confront the inhibitions” that have stunted the growth and development necessary to unlock the country’s full potential.
“President Tinubu expresses confidence in the reforms his administration is pursuing and believes they will create a more robust economy that will usher in a new era of prosperity for Nigerians,” Onanuga said.
