Presidency hails N12.59tn trade surplus, says Tinubu reforms yielding results
Nigeria recorded a trade surplus of N12.59 trillion in the second quarter of 2026, marking the 11th consecutive quarter of positive trade balance since President Bola Tinubu assumed office in May 2023.
The development was described by the Presidency as another indication of the impact of the administration’s economic reforms.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed the figures on Tuesday in a post on his X handle.
According to him, Nigeria’s total merchandise trade rose to N41.44 trillion in Q2 2026, representing a 5.61 per cent increase from the N39.24 trillion recorded in the corresponding quarter of 2025.
The figure also increased by 19.13 per cent compared with the N34.79 trillion recorded in the first quarter of 2026.
Exports accounted for about N27 trillion of the total trade, while imports stood at N14.4 trillion, resulting in the N12.59 trillion surplus.
A breakdown of the export figures showed that crude oil exports stood at N12.9 trillion, while non-crude oil exports were valued at N14.1 trillion. Non-oil exports accounted for N3.72 trillion.
Onanuga said the second-quarter performance represented Nigeria’s 11th consecutive trade surplus since Tinubu took office and the 14th consecutive surplus since the fourth quarter of 2022. “Another win for President Tinubu’s reforms as trade surplus surges,” he said.
