CBN Governor, Yemi Cardoso
Nigeria’s trade surplus has risen to six percent of the country’s Gross Domestic Product (GDP), according to the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso.
Cardoso disclosed this while speaking at the ongoing IMF/World Bank Group Annual Meetings in Washington, D.C., where he is leading Nigeria’s delegation.
This is contained a statement issued by the Director of Information and Public Relations at the Federal Ministry of Finance, Mohammed Manga.
The CBN governor according to the statement attributed the growing trade surplus to a combination of disciplined macroeconomic policies and the government’s reform agenda.
> “We are seeing clear links between responsible fiscal and monetary strategies, economic recovery, and a gradual easing of inflation,” Cardoso stated.
He further revealed that the apex bank is working on a framework to guide Nigeria’s currency swap arrangements with other nations, ensuring such deals are mutually beneficial and contribute to stronger trade ties and financial cooperation.
Also speaking in Washington, the Minister of State for Finance, Dr Doris Uzoka-Anite, underscored Nigeria’s commitment to strengthening ties with international financial institutions and development partners.
Representing Nigeria at the G-24 ministerial meeting, Uzoka-Anite noted that the country is focused on building a resilient and competitive economy through inclusive and forward-looking policies.
> “Our presence at these meetings signals Nigeria’s determination to foster strategic global partnerships that support long-term, sustainable growth,” she said.
She added that the attention Nigeria is receiving on the international stage reflects growing confidence in its reform drive and economic direction.
According to her, Nigeria’s active participation in the IMF/World Bank meetings marks an important milestone in its ongoing economic diplomacy efforts.
