President Bola Ahmed Tinubu has announced that Nigeria has become a net exporter, recording a trade surplus for five consecutive quarters—a development he described as a “fundamental shift” in the nation’s economy.
Speaking during a nationwide address to mark Nigeria’s 65th Independence Anniversary on Wednesday, President Tinubu said the country is now selling more goods to the world than it imports, signalling progress in economic diversification and industrial development.
“We are now a net exporter. Nigeria has recorded a trade surplus for five consecutive quarters. We are now selling more to the world than we are buying, a fundamental shift that strengthens our currency and creates jobs at home,” he said.
According to Tinubu, Nigeria’s trade surplus rose by 44.3% in the second quarter of 2025, reaching ₦7.46 trillion ($4.74 billion)—the highest in nearly three years. He noted that exports of manufactured goods from Nigeria surged by 173%, while non-oil exports now account for 48% of total trade earnings, compared to 52% from oil exports.
The president said this positive trend is a clear sign that the reforms introduced by his administration are beginning to yield measurable results.
“This signals that we are diversifying our economy and foreign exchange sources outside oil and gas,” he added.
Tinubu used the occasion to encourage Nigerians to actively support the country’s economic growth by prioritising locally made goods. He emphasised the importance of national responsibility and economic patriotism in achieving long-term development.
“Let us be a nation of producers, not just consumers. Let us farm our land and build factories to process our produce. Let us patronise ‘Made-in-Nigeria’ goods. I say Nigeria first. Let us pay our taxes,” he urged.
The president also reiterated his administration’s commitment to stabilising the economy, improving infrastructure, and fostering an environment conducive to job creation and local enterprise.
As Nigeria marks its 65th year of independence, Tinubu’s message was one of cautious optimism, underpinned by a call for collective action to build a more resilient and self-reliant nation.
