Nigeria Records 6% Trade Surplus, Reassures Global Partners at G24 Meetings

Minister Doris Uzoka-Anite and CBN Governor Olayemi Cardoso lead Nigeria’s delegation to IMF/World Bank G24 meetings, affirming commitment to fiscal discipline and international cooperation.

By Dr. Nafisat Makinde

Nigeria’s economic rebound took the spotlight at the G24 meetings in Washington D.C., where the Minister of State for Finance, Dr. Doris Uzoka-Anite, and Central Bank Governor, Mr. Olayemi Cardoso, led the country’s delegation to high-level talks on growth, inflation, and fiscal stability.

Addressing participants on the sidelines of the IMF/World Bank Annual Meetings, Cardoso announced that Nigeria’s trade surplus has climbed to 6% of GDP and is expected to remain steady, crediting the gain to sound macroeconomic policies that are beginning to yield measurable results. He emphasized that disciplined financial management remains key to sustaining growth and curbing inflation.

The CBN Governor also disclosed plans to strengthen currency swap frameworks with partner countries — an approach aimed at ensuring mutual benefits and reducing pressure on foreign reserves.

Dr. Uzoka-Anite reaffirmed the government’s commitment to engaging global financial institutions to attract investment and deepen cooperation. Her participation underscored what officials describe as President Bola Tinubu’s resolve to make Nigeria a reliable partner in global economic governance.

The G24 sessions focused on domestic resource mobilization, inclusive growth, and price stability — all central to Nigeria’s ongoing reform agenda. Observers say the country’s active participation marks a renewed effort to restore investor confidence and project a narrative of economic resilience and stability on the world stage.

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