When President Bola Ahmed Tinubu assumed office, he inherited an economy weighed down by heavy subsidies, low oil production, dwindling reserves, and widespread investor distrust. Many believed the challenges were insurmountable. Yet, just two years into his administration, the economic indicators tell a powerful story of resilience, tough choices, and steady progress. The reforms have not been without pain, but they reflect a deliberate strategy: dismantling old structures that held Nigeria back and laying a foundation for lasting prosperity. From Deficit to Surplus: Reversing Nigeria’s Trade Balance In Q1 2023, Nigeria recorded a ₦20 billion trade deficit . Two years later, the country now boasts a ₦5.7 trillion surplus . This dramatic turnaround reflects improved oil exports, reduced importation of refined products, and stronger non-oil contributions. This surplus is more than a statistic — it shows Nigeria is regaining control of its economy and reducing reliance on foreign de...
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