Cardoso Projects Nigeria’s Trade Surplus At 6% Of GDP

Cardoso Projects Nigeria’s Trade Surplus At 6% Of GDP

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has projected that Nigeria’s trade surplus will reach about six per cent of the nation’s Gross Domestic Product (GDP), buoyed by recent economic reforms that have made the naira more competitive and encouraged local production. This is as he revealed that the apex bank was working on developing a framework on settling bilateral trade in local currencies. Speaking at the G-24 pre…

Naira Competitiveness, Sound Reform Policies Insulated Nigeria’s Economy From Worse External Pressures—Cardoso

..Says Nigeria’s Economy Performing Far Ahead Of Many Emerging Economies …Explains Why Trump’s Tariff Policy Didn’t Affect Nigeria’s Economy Negatively Washington, DC – Nigeria’s economy is showing clear signs of recovery, driven by a more competitive currency and a raft of sound macroeconomic policies that have strengthened resilience and restored investor confidence, the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has sa…