Nigeria’s economy is showing fresh signs of stability with inflation easing for the fifth consecutive month to 20 per cent, GDP growth sustaining above 3 per cent, and a merchandise trade surplus of N7.4 trillion recorded in the second quarter of 2025.
This was contained in a statement signed by Mohammed Manga, Director of Information and Public Relations at the Federal Ministry of Finance, following a meeting of the Economic Management Team chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Thursday in Abuja.
The statement reads:“The meeting welcomed further signs of stability in the economy, with inflation easing for the fifth consecutive month to 20%, GDP growth holding above 3%, and a merchandise trade surplus of ₦7.4 trillion in Q2 2025 outcomes underpinned by a competitive exchange rate and disciplined reforms.
“The session also featured the presentation of the National Livestock Growth and Advancement Strategy (NL-GAS) by the Minister of Livestock Development, Alhaji Idi Mukhtar Maiha. This two-phased, 10-year plan aims to double herd size and expand sectoral output by at least 100% by 2035 through strong public–private collaboration.
“HM Edun affirmed that initiatives such as NL-GAS, aligned with Nigeria’s broader reform agenda, demonstrate the government’s commitment to unlocking investment, enhancing food security, and laying a foundation for sustainable, private-sector-led growth.
“The Economic Management Team, chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun on Thursday met in his office in Abuja to review Nigeria’s economic performance and sectoral priorities.”
The Economic Management Team stressed that the consistent downward trend in inflation and stable growth trajectory are clear signs that government reforms are beginning to deliver results.
Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, disclosed that the NL-GAS will serve as a blueprint to modernise Nigeria’s livestock sector through phased interventions.
