The Minister of Finance, Wale Edun, has disclosed that the country recorded $55 billion in non-oil exports in 2023.
Edun made this known while briefing the press at the State House, Abuja on Tuesday on the outcome of the council of state meeting.
The minister noted that the development was an indication that the economy is thriving under President Bola Tinubu’s leadership.
According to the minister, the rise in exports has created a trade surplus, showing that both local and foreign investors are increasingly returning to the economy.
He further stated that despite the high inflation rate, investors are creating significant opportunities in the economy, particularly in the infrastructure sectors.
Edun said the trade balance and the current account balance are in surplus, the exchange rate is stabilising and the inflation rate, though uncomfortably high for the liking of the President and his team, was slowing and set to fall.
The minister said the government is laying emphasis on the services sector to provide employment opportunities for young Nigerians who have potential to outsource their skills.
Edun said the government will continue to support the economy through various strategic interventions to reduce the high cost of living caused by rising inflation.
