PLATEAU STATE GOVERNOR SEEKS DEEPER SECURITY COLLABORATION WITH NAF. (PHOTOS). #PRESS RELEASE.

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PLATEAU STATE GOVERNOR SEEKS DEEPER SECURITY COLLABORATION WITH NAF In a bid to reinforce internal security and deepen intergovernmental collaboration, the Executive Governor of Plateau State, His Excellency Barrister Caleb Manasseh Mutfwang, on Tuesday, 16 December 2025, paid a courtesy visit to the Nigerian Air Force (NAF) Headquarters, Abuja, where he met with the Chief of the Air Staff (CAS), Air Marshal Sunday Kelvin Aneke, DFS. The visit underscored the Governor’s commitment to leveraging strategic federal partnerships to address evolving security challenges in Plateau State and the wider North Central region, while conveying the goodwill of the government and people of the state and congratulating the CAS on his appointment as the 23rd Chief of the Air Staff. Governor Mutfwang commended the Nigerian Air Force for its sustained efforts in maintaining peace and responding to security threats in Plateau State, acknowledging the complexity of the operating environment. He noted that...
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NIGERIA POSTS $6.83 BILLION BALANCE OF PAYMENTS SURPLUS IN 2024, SIGNALING ECONOMIC RESURGENCE AND VALIDATING RENEWED HOPE AGENDA. (PHOTOS). #PRESS RELEASE

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 Nigeria Posts $6.83 Billion Balance of Payments Surplus in 2024, Signaling Economic Resurgence and validating Renewed Hope Agenda 


The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP)

surplus of $6.83 billion for the 2024 financial year, marking a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in 2022. This improvement reflects the impact of wide-ranging macroeconomic reforms, stronger trade performance, and renewed investor confidence in Nigeria’s economy.


Stronger Trade and External Account Performance


The current and capital account recorded a surplus of $17.22 billion in 2024,

underpinned by a goods trade surplus of $13.17 billion. Petroleum imports declined by 23.2% to $14.06 billion, while non-oil imports fell by 12.6% to $25.74 billion. On the export side, gas exports rose by 48.3% to $8.66 billion, and non-oil exports increased by 24.6% to $7.46 billion.


Remittance inflows remained resilient, with personal remittances rising by 8.9% to

$20.93 billion. International Money Transfer Operator (IMTO) inflows surged by 43.5% to $4.73 billion, up from $3.30 billion in 2023, reflecting stronger engagement from the Nigerian diaspora. 


Official development assistance also rose by 6.2% to $3.37 billion.


Improved Financial Account and Reserve Position


Nigeria recorded a net acquisition of financial assets totalling $12.12 billion. Portfolio investment inflows more than doubled, increasing by 106.5% to $13.35 billion, while resident foreign currency holdings grew by $5.41 billion, indicating stronger confidence in domestic economic stability. Although foreign direct investment fell by 42.3% to

$1.08 billion, the overall financial account posted notable gains.


The country’s external reserves increased by $6.0 billion to $40.19 billion by year-end

2024, bolstering its external buffer.Marked Improvement in Data Integrity


Notably, net errors and omissions narrowed significantly by 79.5% to negative $5.10 billion in 2024, down from $24.90 billion in 2023, reflecting substantial improvements in data availability and capture. This represents a major advance in data accuracy, transparency, and overall reporting integrity.


Outlook and Policy Impact


The 2024 BOP surplus highlights the effectiveness of Nigeria’s ongoing reform

agenda. The liberalisation and unification of the foreign exchange market, a disciplined monetary policy approach to managing inflation and stabilising the naira, and coordinated fiscal and monetary measures have all contributed to enhanced

competitiveness and investor sentiment.


“The positive turnaround in our external finances is evidence of effective policy

implementation and our unwavering commitment to macroeconomic stability,” said the Governor of the Central Bank of Nigeria. “This surplus marks an important step forward for Nigeria’s economy, benefiting investors, businesses, and everyday Nigerians alike.”


Sidi-Ali, Hakama (Mrs.)

Ag. Director, Corporate Communications

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