Nigeria’s position as a prominent role in Africa’s economic rebound is strengthened by the trade surplus of sixteen billion dollars
The Special Adviser to the President on Media and Public Communications, Sunday Dare, has stated that the economic policies that Nigeria has implemented are producing favourable outcomes.
With the nation posting a trade surplus of sixteen billion dollars, rising foreign reserves, and greater investor confidence, the presidential assistant pointed out that the nation’s economic policies are paying off and benefiting the country.
Due to the aggressive policy decisions made by President Bola Ahmed Tinubu‘s government, the financial system has been stabilised, regulatory transparency has been improved, and Nigeria attractiveness as an investment destination has been boosted. Dare ascribed the economic boost to these bold policy actions.
Unification of currency rates, deregulation of the petroleum industry, and tightening of fiscal policy are some of the significant reforms that have played a crucial role in enhancing Nigeria economic outlook, according to the presidential adviser who named some of the prominent changes.
Investors have found it simpler to conduct business in the country as a result of the government’s efforts to remove obstacles caused by bureaucratic red tape, according to him.
Nigeria’s position as a prominent role in Africa’s economic rebound is strengthened by the trade surplus of sixteen billion dollars, which indicates a greater export performance, notably in the areas of agriculture, oil, and manufactured goods.
“We are now seeing a shift: more Nigerian businesses are becoming competitive in global markets, and international investors recognise the potential for long-term growth.
“President Tinubu has taken decisive steps to stabilise the naira, curb inflation, and boost production. As a result, global investors are paying close attention.”