BREAKING: Tinubu Jubilates as Data Shows Robust Economic Recovery

• President Bola Tinubu has celebrated the robust growth of Nigeria’s economy, as reported by the National Bureau of Statistics
• According to a statement from the presidency, the president welcomes the 6.60 per cent increase from the first quarter of the 2024 economic surplus
• According to the statistics, Nigeria recorded a trade surplus of N6.95 trillion in the second quarter of 2024 compared to the first quarter, where it recorded a 6.52 trillion surplus

President Bola Tinubu has welcomed the National Bureau of Statistics (NBS) latest report on Nigeria’s trade balance. The report reveals a trade surplus of N6.95 trillion in the second quarter of 2024, a 6.60 per cent increase from the first quarter’s surplus of N6.52 trillion.

The report highlights the country’s strong export performance, driven primarily by crude oil exports, which contributed N14.56 trillion or 74.98% of total exports. Non-crude oil exports, valued at N4.86 trillion, accounted for 25.02% of total exports.

Tinubu celebrates NBS report of economic growth
Photo Credit: @officialABATSource: Twitter

List of Nigeria’s largest export partner

According to the NBS, Europe, the United States, and Asia were the main destinations for Nigeria’s exports, with Spain emerging as the largest export partner, followed by the United States and France.

According to a statement from the presidency on Thursday, September 12, President Tinubu expressed confidence in his administration’s reforms, which aim to create a more robust economy and usher in a new era of prosperity for Nigerians.

He emphasized that the government will continue to build on these reforms’ gains, with further fiscal and tax policy reforms in the pipeline.

The report’s findings underscore the positive shifts in the economy over the last year, following the country’s successful issuance of a $500 million domestic bond and a half-year revenue of N9.1 trillion.

Tinubu’s security chiefs’ states and regions

TheTalk.NG earlier reported that President Tinubu’s security team, led by NSA Nuhu Ribadu, covers the country’s six geopolitical zones.

An analysis of the team showed that 15 persons were appointed to head different security agencies for internal and external defence.

A breakdown of the team showed that the north-central has two persons heading the NSCDC and the NIA.

Source: TheTalk.NG

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