Presidential Spokesman, Mr Femi Adesina says that Nigeria’s trade balance increased from deficit in 2016. According to him, Nigeria’s foreign exchange reserves grew by 12 billion dollars, reaching the highest level since 2014. He revealed that Nigeria, this year, added additional 250 million dollars to its Sovereign Wealth Fund (SWF). Adesina said Nigeria exited its worst recession in decades and rose 24 places on the World Bank’s Ease of Doing Business. The presidential aide said agriculture was one of the stars of 2017, posting consistent growth levels even throughout the recession.

Source: The Guardian December 30, 2017 16:30 UTC