Nigeria’s External Reserves Reach $41 Billion Milestone
Nigeria recorded an external reserve of $41,001,830,139.96 (forty-one billion dollars) on 19 August, according to data published today by the Central Bank. Net foreign reserve was $40.3 billion. Nairametrics reported that the last time our country recorded such a level of foreign liquidity was in 2021, 44 months ago.
The latest milestone was reached without our country having a massive inflow from oil sales. Indeed, oil prices are sliding southwards. It’s all about the prudent management of the economy by President Bola Tinubu. I can bet that Atiku Abubakar, Peter Obi, Nasir El-Rufai and Babachir Lawal would never acknowledge this remarkable success. They are more interested in their doomed campaign to overthrow Bola Tinubu. This obsession has blinded them from recognising the progress being delivered by President Bola Tinubu’s government on multiple fronts.
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