Wetin dey happen for our Naija economy na serious gists, my people! Na so e be say Nigeria don finally turn the Balance of Payments (BOP) wahala around, wey show say our finances dey improve! Over $4.60 billion surplus show say we don sabi do better trade and attract investors.
As we enter the third quarter of 2025, e clear say our economic reforms dey work well! This kind surplus no be wetin we go see before, especially as we dey suffer from deficits before. Investors dey show face again, and our foreign reserves dey grow. Na wah! Dem say the BOP na all di jara money transactions wey dey happen between us and di world.
This time around, as we dey export crude oil and refined petroleum products, we dey see better money enter our pocket. For BOP, current account surplus stand solid at $3.42 billion! Na strong trade performance and remittances from Naija people wey dey abroad help carry us enter dis level.
Some of the moves wey dey happen come from di Central Bank of Nigeria (CBN) wey dey support this palatable economic change. Dem don take away some wahala wey dey affect our ya-ya forex market, and e don help restore some level of stability.
Di CBN also gree say exports of crude oil don rise to $8.45 billion, and e don turn we from net importer to net exporter of refined products sha! Dem say our goods export touched $15.24 billion, wey na serious progress. The import side, na different gists, as refined petroleum imports don drop by about 12.7%! E mean say we dey produce more and buy less. Abeg, this one call for celebration!
However, as we dey praise our success, make we remember say services account still dey leak money, with net outflows reach $4.07 billion. But, no shaking! This na normal for developing economy wey dey work to balance better.
CBN don sabi say diaspora remittances dey play correct role too, with about $23 billion yearly dey enter our land from Naija bros and sisters wey travel abroad. This one make sense for all those wey dey hustle for forex!
As for inflation matter, e dey drop gradually. From peak of 34.6% in November 2024, we don reach 16.05% in October 2025. Na just steady discipline wey bring this change. E good make we feel say our pockets go dey richer again, as real purchasing power dey return. People go fit chop well, even as food inflation dey jiggle small.
Na CBN Governor, Olayemi Cardoso, go don clear say dem dey focus on keeping balance for di economy, making sure say price no dey run amok again. Dis presidential set don liberalised forex market to help our industries, na im be say we dey bring in more foreign exchange!
Diaspora remittances, new banking strategies, and efforts to reform our natural resources dey sweet small small. With all dis serious economic gists and correct strategies, Nigeria dey build better future!
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