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Nairaland Forum / Nairaland / General / Politics / Nigeria’s External Reserve Hits $35b (1028 Views)
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Nigeria’s External Reserve Hits $35b by kindex(m): 11:23am On Nov 26, 2017 |
President Muhammdu Buhari assured Nigerians on Saturday that the country’s economy was doing well.The President said apart from saving $500m in the Sovereign Wealth Fund and investing another $500m in the SWF, the country’s external reserve presently stands at $35bn, the highest in the past four years.According to him, the Federal Government has saved about N18bn within one year after the establishment of an Efficiency Unit under the Federal Ministry of Finance in early 2016 to reduce wastage, plug leakages and foster greater fiscal transparencyThe President was represented by Vice-President Yemi Osinbajo (SAN),who stated this on Saturday in Jos, during the graduation of 66 participants in the 2017 Senior Executive Course 39 of the National Institute for Policy and Strategic Studies in Kuru. He said, “For the first time in five years, we saved $500m, and invested another $500m in the Sovereign Wealth Fund. Today, our external reserves stand at $35bn, the highest in the past four years. Today, we can see light at the end of the tunnel; darkness is giving way to light.”He added that the Presidency stopped the Continue reading here: https://kindexgist./2017/11/26/nigerias-external-reserve-hits-35b/ |
Re: Nigeria’s External Reserve Hits $35b by Nobody: 11:49am On Nov 26, 2017 |
It can hit 100b but that illiterate in Aso rock must step down come 2019.Enough is enough! |
Re: Nigeria’s External Reserve Hits $35b by DelGardo: 7:00pm On Nov 26, 2017 |
That's the change I voted for. Proud and delighted. Still a lot to do but this government is hitting the right notes in a lot of places. 6 Likes 1 Share |
Re: Nigeria’s External Reserve Hits $35b by Nobody: 7:43pm On Nov 26, 2017 |
So let us give him a Champions League medal for starving the economy 1 Like 1 Share |
Re: Nigeria’s External Reserve Hits $35b by ibedun: 7:45pm On Nov 26, 2017 |
DelGardo: Me too. I tell you again brothers and sisters, one of those importer / developer people must NEVER smell the inside of Aso Rock. Finish. 2 Likes |
Re: Nigeria’s External Reserve Hits $35b by ibedun: 7:49pm On Nov 26, 2017 |
Keneking: The economy that doesnt produce anything but imports everything is a FAKE economy. That ugly, bald, asexual office secretary from the world bank didn't see that cause her Biafran brothers were the perpetrators. 2 Likes |
Re: Nigeria’s External Reserve Hits $35b by Adminisher: 8:11pm On Nov 26, 2017 |
The greatest defeat for PDP and supporters will be moral. The economy will grow with less, diversified, good HDI. Then people will ask their heroes very honest question 4 Likes |
Re: Nigeria’s External Reserve Hits $35b by superstar1(m): 8:20pm On Nov 26, 2017 |
That is the same reserve one drunken master from otuoke depleted like his bottle of gin, at time oil price was hovering around all time high price May we never be ruled by his looting ilks again 4 Likes |
Re: Nigeria’s External Reserve Hits $35b by superstar1(m): 8:24pm On Nov 26, 2017 |
ibedun: The biafraudsters were the most vociferous when the exchange rate was galloping away. Ask them what they are using the dollars for -- importation of all sort of junks. They delight in wrecking the economy by their unpatriotic importation. They are happy with shipping our employment to China, as long as 2 or 3 of them can make themselves rich. 3 Likes 1 Share |
Re: Nigeria’s External Reserve Hits $35b by obailala(m): 9:03pm On Nov 26, 2017 |
kindex:$35bn isn't the highest in the last 4 years. As at mid-2014 just before oil prices crashed, the reserve was around $40bn. 1 Like |
Re: Nigeria’s External Reserve Hits $35b by Desyner: 9:03pm On Nov 26, 2017 |
Letslive:You can call him illeterate for his failings but he is still miles ahead of the man he tookover from. 3 Likes |
Re: Nigeria’s External Reserve Hits $35b by Desyner: 9:04pm On Nov 26, 2017 |
obailala:Proof ? 1 Like |
Re: Nigeria’s External Reserve Hits $35b by seunowa(f): 9:13pm On Nov 26, 2017 |
Letslive: When 2019 comes Nigerians will decide who their president is. So stop foaming in d mouth 4 Likes |
Re: Nigeria’s External Reserve Hits $35b by obailala(m): 9:51pm On Nov 26, 2017 |
Desyner:It's public info from the CBN site. |
Re: Nigeria’s External Reserve Hits $35b by Cajal(m): 10:02pm On Nov 26, 2017 |
Letslive:.....its quite unfortunate that u do not know the meaning of the word illiterate.......check your notebooks 1 Like |
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