Nigeria’s trade surplus has grown to 6 per cent of the nation’s Gross Domestic Product (GDP), according to the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso.
Speaking at the annual meetings of the International Monetary Fund (IMF) and World Bank Group in Washington, D.C., Cardoso reaffirmed the government’s commitment to sound macroeconomic management and ongoing reforms. He emphasized the connection between disciplined fiscal and monetary policies, sustainable economic growth, and the gradual easing of inflationary pressures.
Cardoso also revealed that the CBN is developing a framework to ensure that currency swap agreements with other countries deliver balanced and mutually beneficial outcomes.
In a statement issued by the Director of Information and Public Relations at the Federal Ministry of Finance, Mr. Mohammed Manga, Cardoso noted that Nigeria aims to strengthen its position in global trade and financial cooperation.
The Minister of State for Finance, Dr. Doris Uzoka-Anite, also restated Nigeria’s commitment to deepening engagement with international financial institutions and development partners. She highlighted that her participation in the G-24 meeting underscores Nigeria’s determination to build stronger partnerships and promote sustainable growth through inclusive, forward-looking policies.
Uzoka-Anite added that the growing international attention on Nigeria reflects renewed confidence in the government’s reform agenda and its efforts to build a resilient, competitive, and dynamic economy.
She concluded that Nigeria’s participation in the Washington meetings marks an important step in advancing the nation’s economic diplomacy and reinforcing its global economic presence.
Source:Africa Publicity
