In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus - Politics (2)

In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus (5838 Views)

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Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Agbegbaorogboye: 6:52pm On Jun 11, 2025

So why is our currency still down and why do we still have high unemployment rate?

1 Like

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by ivandragon: 6:52pm On Jun 11, 2025

Good... but what does it really indicate, comparatively?

In the 1st quarter of 2014, Nigeria had a trade surplus of N2.4trn or about $11m...

https://www.tralac.org/news/article/6103-nigeria-s-shrinking-imports-data-show-policy-gaining-traction.html

So, this N5.2trn is equivalent to $3.2m...

It is left for Nigerians to decide if this is a good development or not.

Are we moving forward or backward...

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Ttalk: 6:52pm On Jun 11, 2025

1000angstroms:
What exactly was exported and what are their values, we can work it up empirically to know the real status of our economy.

Go to NBS and stop asking for data on Nairaland

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Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Ttalk: 6:53pm On Jun 11, 2025

Agbegbaorogboye:
So why is our currency still down and why do we still have high unemployment rate?

When produce something valuable that can be consumed locally and internationally

1 Like

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Agbegbaorogboye: 6:55pm On Jun 11, 2025

Ttalk:
When produce something valuable that can be consumed locally and internationally

Is oil now valueless?
How did our export exceed imports if we're not producing

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Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Leebeedo(m): 6:56pm On Jun 11, 2025

Sunisonflex39:
What did they export that is up to 20 trillion

Mostly oil and gas.

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Dennisochampa: 6:57pm On Jun 11, 2025

RenoOkriTheGoat:
Illiterate. You should have known that the real haters of Nigeria are the ones who support corrupt and fraudulent government.

A gone too soon hater of Nigeria spotted... What has trade surplus got to do with corrupt government grin

U never start to cry... U go soon develop stroke because of your hatred for good news

5 Likes 1 Share

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Nobody: 6:57pm On Jun 11, 2025

helinues:
Good

We are becoming more productive hence the increase in export

Resident Zon.. B, make you rest na.

Rest abeg!

1 Like

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Successsearch90(m): 7:00pm On Jun 11, 2025

Good news

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Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by nairalanda1(m): 7:00pm On Jun 11, 2025

That is not enough. It just shows we are even BROKE.

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Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Nobody: 7:01pm On Jun 11, 2025

harsysky:

Where the income gotten from this money dey. It is more or less like audio or paper figues. And we still dey borrow

See his economic policy here.

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Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by coleon(m): 7:05pm On Jun 11, 2025

helinues:
Good

We are becoming more productive hence the increase in export

Keep deceiving yourself, the reason Nigeria is experiencing trade surplus is because of less imports and not because of more productivity in the economy. The reason for the less import is because of the exchange rate because Nigerians are now sourcing local alternatives in place of exports e.g rice, even human hair are being imported less as women now embrace local braids. This is actually not a bad thing though but to delude yourself that there's more industry and production going on in the economy is just blatant rubbish . Otherwise can you mention how many car factories ,steel companies or production sites have been set up that's making Nigeria to export like you said.

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Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by efemena5050(m): 7:08pm On Jun 11, 2025

What parameters are they using to analyze the terms of trade or perhaps balance of trade......

Nigeria is operating under trade surplus yet the average condition of the citizens and price per unit of income and disposable income is still very high.....on what basis do u infer that a nation is operating under favourable trade balances when the nations can not meet up with basic domestic demand and viable cost.....Also on wat basis do u conclude that we r operating a trade surplus when we still borrowing funds to finance deficit budget and structure ......the deceits need to end cuz ..there exist no correlation with trade surplus with economic non viability, constant borrowing,high food prices, destruction of disposable income and norminal income values .......

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Raph82(m): 7:09pm On Jun 11, 2025

Some1 ask why are they still borrowing? USA, as big as it is, is regularly borrowing. The question should be, is the money used for what it is meant for?

3 Likes

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by DLifeless1: 7:14pm On Jun 11, 2025

Ttalk:
Go to NBS and stop asking for data on Nairaland

What of an actual url address or link to any exported goods, that should be easy Now?

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Chevrolet076(m): 7:16pm On Jun 11, 2025

Commentor:
You don't even understand what you read.

I do, now do you understand what I wrote?

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Commentor: 7:17pm On Jun 11, 2025

Chevrolet076:
I do, now do you understand what I wrote?

Tosh.

2 Likes

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Chevrolet076(m): 7:17pm On Jun 11, 2025

Raph82:
Some1 ask why are they still borrowing? USA, as big as it is, is regularly borrowing. The question should be, is the money used for what it is meant for?

So what's the essence of borrowing when the surplus money are available to do what they need them to do? Why will Nigeria be sitting on trillions of naira but still go ahead to borrow?

1 Like

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Arostar2023: 7:19pm On Jun 11, 2025

tunjaclox:
Where is the money?

Where's the money?

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by KennethOkonkwo: 7:21pm On Jun 11, 2025

Sunisonflex39:
What did they export that is up to 20 trillion

But if the report is on Trade deficit,you will celebrate

Dem no born Ruben Abati and oseni rufai well to discuss this

6 Likes 1 Share

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Lithiumite: 7:22pm On Jun 11, 2025

Penguin2:
The gain of subsidy removal and floating of the naira.

The problem we sensible Nigerians have with Tinubu is that he has failed to account for the money he’s saving from subsidy.

Unfortunately his unthinking supporters see us as enemies for demanding accountability from our (s)elected president.

Can you believe that?

You people never get it,do you? There is no savings, Nigeria was borrowing heavily to even pay for the said subsidy you are all crying over.....even your crude had been sold in advance and the monies collected,that was why they were struggling to supply dangote our local crude......you need to understand the mess out oil and gas industry was in before this policy by tinubu.

5 Likes

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by KennethOkonkwo: 7:22pm On Jun 11, 2025

Penguin2:
The gain of subsidy removal and floating of the naira.

The problem we sensible Nigerians have with Tinubu is that he has failed to account for the money he’s saving from subsidy.

Unfortunately his unthinking supporters see us as enemies for demanding accountability from our (s)elected president.

Can you believe that?

Account for what?

Have you called your governors and senators to Account for their increased Allocation??

5 Likes

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by KennethOkonkwo: 7:25pm On Jun 11, 2025

HeatSeeker:
Convert the figure to dollars.

😆

Are these people OBI is parading as supporters?

You dont know that trade balance is basically qualitative. It's either positive and Negative.

This is a positive trade surplus.
Celebrate it and stop exposing your Ignorance because of hate and partisanship

4 Likes 1 Share

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by ednut1(m): 7:28pm On Jun 11, 2025

Imports reduced because people can no longer afford things they used to import

2 Likes

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Adebowalay(m): 7:30pm On Jun 11, 2025

updatechange:
Good, so naija my country can earn from export the point of having excess…
This is good, let’s keep the hope alive.

hmm okay o

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Eniitankorede: 7:30pm On Jun 11, 2025

Penguin2:
The gain of subsidy removal and floating of the naira.

The problem we sensible Nigerians have with Tinubu is that he has failed to account for the money he’s saving from subsidy.

Unfortunately his unthinking supporters see us as enemies for demanding accountability from our (s)elected president.

Can you believe that?

You don’t have anyone to blame for not reading the news.

2 Likes

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by grandstar(m): 7:30pm On Jun 11, 2025

I wonder if this takes into account remittances from overseas into the country,

That might reflect in the current account.

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by IJAYA001(m): 7:33pm On Jun 11, 2025

Hope this not on paper. IRE O

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by MoneyMan5: 7:33pm On Jun 11, 2025

Agbegbaorogboye:
So why is our currency still down and why do we still have high unemployment rate?

The low value of our currency is also part of what's encouraging export.

Who will import goods from a country that their goods is expensive? That's how China took over most of the global market because of their dirt cheap goods because of the low value of their currency, today they are super power.

south Korea have stronger economy than Nigeria over a trillion dollar but their currency value is the same as that of Nigeria. Low currency value doesn't affect your purchasing power if your country economy is very strong like that of China and South Korea.

2 Likes

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by mbos: 7:38pm On Jun 11, 2025

Value less and worthless trillions

Re: In Q1 2025, Nigeria Achieved ₦5.172 Trillion Trade Surplus by Habib101: 7:39pm On Jun 11, 2025

And yet the people are in hunger.

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₦6.95 Trillion Trade Surplus Record Shows Nigeria’s Economy Doing Well – FG • What Took America 185yrs, Nigeria Achieved It Within 24yrs – Akpabio • FG Recorded ₦3.94 Trillion Trade Deficit In Q1 • 2 • 3 • 4

Gej Suspend Independence Anniversary Till 2014 • Military Regime Vs Democracy • Anioma/asaba People Are Not Igbos.