Finance Minister Wale Edun has assured Nigerians of economic progress under President Bola Tinubu, revealing that the country achieved $55 billion in non-oil exports last year.
He shared this update during a press briefing at the State House in Abuja, emphasizing that the rise in exports has resulted in a trade surplus and renewed interest from both local and foreign investors.
Edun acknowledged that while inflation remains high, it is slowing down, and the exchange rate is stabilizing.
He highlighted increasing foreign direct investment and growth in infrastructure sectors as positive signs.
The government is also focusing on the service sector to create job opportunities, particularly for young Nigerians, through outsourcing services via the internet and telephones.
Despite a history of heavy reliance on crude oil exports, the country recorded a trade surplus of N6.2 trillion in early 2024.
Edun emphasized ongoing government efforts to support the economy and alleviate the high cost of living through strategic interventions.