Nigeria’s economic policies are yielding positive results, the Special Adviser to the President on Media and Public Communications, Sunday Dare, has said.
The presidential aide noted that the nation’s economic policies are paying off with the country recording a $16 billion trade surplus, rising foreign reserves, and increased investor confidence.
Dare attributed the economic boost to the bold policy decisions of President Bola Ahmed Tinubu’s administration that have stabilised the financial sector, improved regulatory transparency, and enhanced Nigeria’s attractiveness as an investment destination.
“President Tinubu has taken decisive steps to stabilise the naira, curb inflation, and boost production. As a result, global investors are paying close attention,” he said.
The presidential aide listed some of the key reforms as the unification of the exchange rates, deregulation of the petroleum sector, and fiscal tightening, which have played a crucial role in strengthening Nigeria’s economic outlook.
The government’s focus on eliminating bureaucratic bottlenecks has also made it easier for investors to do business in the country, he said.
Dare stressed that these efforts are already paying off, particularly in the growth of exports and capital inflows.
“We are now seeing a shift: more Nigerian businesses are becoming competitive in global markets, and international investors recognise the potential for long-term growth,” he added.
The $16 billion trade surplus signals a stronger export performance, particularly in agriculture, oil, and manufactured goods, reinforcing Nigeria’s position as a leading player in Africa’s economic resurgence.
Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.
