President Tinubu reveals Nigeria now net exporter with ₦7.46trn trade surplus

By Kunle Sanni –

President Bola Tinubu on Wednesday said Nigeria has firmly established itself as a net exporter after recording a ₦7.46 trillion ($4.74 billion) trade surplus in the second quarter of 2025—the largest in nearly three years.

Speaking during his nationwide broadcast to mark the country’s 65th Independence anniversary, the President explained that Nigeria has now achieved five consecutive quarters of trade surplus, which he described as a major milestone in the nation’s economic recovery.

“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,” Tinubu said.

The President noted that manufactured goods exported from Nigeria rose sharply by 173 percent in the period, while non-oil exports accounted for 48 percent of total trade compared to oil exports at 52 percent.

According to him, this shift is evidence that Nigeria’s economy is gradually diversifying away from oil dependence and expanding its foreign exchange sources.

“This signals that we are diversifying our economy and foreign exchange sources beyond oil and gas,” Tinubu said, adding that the trend will help strengthen the naira, attract more investments, and create jobs for Nigerians.