The Presidency has appraised Nigeria’s ₦12.59 trillion trade surplus recorded in the second quarter of 2026 as another win for the economic reforms of the President Bola Ahmed Tinubu administration.
The new trade figure marks Nigeria’s 11th straight surplus since President Tinubu assumed office in May 2023.
Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, made this known on Tuesday in a post on his X handle, @aonanuga1956, noting that the country’s trade volume has increased significantly under President Tinubu.
Mr Onanuga also made known that Nigeria’s total merchandise trade stood at ₦41.44 trillion in the second quarter of 2026, representing a 5.61 per cent increase from ₦39.24 trillion recorded in the corresponding period of 2025.
Another win for President Tinubu’s reforms as trade surplus surges
Nigeria’s total merchandise trade stood at ₦41,444.89 billion in Q2 2026, up 5.61% from ₦39,244.42 billion in Q2 2025 and 19.13% from ₦34,788.59 billion in Q1 2026.
Total exports were N27 trillion, while… pic.twitter.com/ZCxzWH91P5
— Bayo Onanuga, OON, CON (@aonanuga1956) September 7, 2026
“Another win for President Tinubu’s reforms as trade surplus surges.
“Nigeria’s total merchandise trade stood at ₦41,444.89 billion in Q2 2026, up 5.61% from ₦39,244.42 billion in Q2 2025 and 19.13% from ₦34,788.59 billion in Q1 2026.”
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Total exports were N27 trillion, while imports were N14.4 trillion, giving a trade surplus of N12.59 trillion. Non-oil exports were N14.1 trillion, crude oil N12.9 trillion and non-oil N3.72 trillion.
The figure also represented a 19.13 per cent increase from the ₦34.79 trillion recorded in the first quarter of 2026.
Total exports stood at about ₦27 trillion, while imports were valued at ₦14.4 trillion, resulting in a trade surplus of ₦12.59 trillion.
A breakdown of the exports showed that non-crude oil exports stood at ₦14.1 trillion, while crude oil exports amounted to ₦12.9 trillion. Non-oil exports accounted for ₦3.72 trillion.
“Total exports were N27 trillion, while imports were N14.4 trillion, giving a trade surplus of N12.59 trillion. Non-oil exports were N14.1 trillion, crude oil N12.9 trillion and non-oil N3.72 trillion.
“This was the 11th consecutive surplus since President Tinubu took office in May 2023 and the 14th since the 4th quarter of 2022. Under President Tinubu, trade volume has increased significantly.”
Onanuga highlighted that the second-quarter performance represented Nigeria’s 11th consecutive trade surplus since President Tinubu assumed office in May 2023 and the 14th consecutive surplus since the fourth quarter of 2022.
He maintained that the sustained positive trade balance and significant increase in trade volume represented another gain from the economic reforms of the Tinubu administration.
