President Bola Ahmed Tinubu on Wednesday told Nigerians that the country has achieved a major economic milestone, recording a trade surplus for five consecutive quarters.
In his nationwide broadcast to mark Nigeria’s 65th Independence anniversary, Tinubu declared that the country is now selling more goods to the world than it imports — a shift he described as evidence that his reforms are reshaping the economy.
According to him, this transformation is strengthening the naira, creating jobs, and diversifying foreign exchange earnings beyond oil.
He said, “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.
“Nigeria’s trade surplus increased by 44.3% in Q2 2025 to ₦7.46 trillion ($4.74 billion), the largest in about three years. Goods manufactured in Nigeria and exported jumped by 173%.
“Non-oil exports, as a component of our export trade, now represent 48 per cent, compared to oil exports, which account for 52 per cent. This signals that we are diversifying our economy and foreign exchange sources outside oil and gas.”
Tinubu added that manufactured exports have surged, while non-oil trade now makes up nearly half of Nigeria’s total earnings.
Beyond government reforms, the president urged citizens to embrace homegrown products and support local industries as part of a collective push for national growth.
“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 stressed that individual choices, such as prioritising locally made goods, would help accelerate growth, strengthen the economy, and secure a sustainable future for Nigeria.
