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Nigeria’s External Reserves Hit $47.93bn - Politics - Nairaland

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Nigeria’s External Reserves Hit $44bn First Time In 2019 / When PDP Hears That Nigeria Foreign Reserve Has Hit $47 Billion USD / Nigeria’s Foreign Reserves Hit $47 Billion - Surpass That Of South Africa by $4b (2) (3) (4)

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Nigeria’s External Reserves Hit $47.93bn by Iammercy2018: 9:41pm On Apr 22, 2018
Mrs kemi adeosun

Re: Nigeria’s External Reserves Hit $47.93bn by juliuscapps(m): 9:43pm On Apr 22, 2018
Good news!
Re: Nigeria’s External Reserves Hit $47.93bn by Iammercy2018: 9:43pm On Apr 22, 2018
Re: Nigeria’s External Reserves Hit $47.93bn by Iammercy2018: 9:44pm On Apr 22, 2018
Iammercy2018:
Mrs kemi adeosun


Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Sunday disclosed that the nation’s foreign reserves has hit US$47.93 billion.

He also reiterated Nigeria’s positive growth outlook, noting that a growth of 2.5 per cent had been projected by the IMF and World Bank for Nigeria.

“There is need to save for the raining day and also continue to grow the foreign reserves. If we had enough reserves, we wouldn’t have suffered the recession shocks,” he explained at a joint press briefing at the end of the 2018 International Monetary Fund and World Bank Spring Meeting in Washington DC, United States.

He assured that concerted efforts were ongoing to realise the 80 per cent target for financial inclusion by 2020.

Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, who noted that the present growth outlook contrasted with the outlook in 2015, stated that inflation rate was slowing down while the foreign reserves were rising.

Expressing optimistic on the Federal Government’s sustenance of the growth trajectory, the Minister however called for vigilance and focus for the country not to fall back into recession.

She said, “We are confident that if we diligently implement our economic plan, we will grow the economy. We have room to grow but other countries do not have rooms to grow.

“By 2019, the growth will be far more robust than the present level in 2018. We are therefore very optimistic in sustaining Nigeria’s economic growth. We are going to use this opportunity to grow our fiscal buffers, particularly aggressively growing our revenue base.

“The Administration has succeeded in building macroeconomic resilience for Nigeria, particularly revising the funding mix, rebuilding fiscal buffers, enhancing foreign exchange reserves and focusing on import substitution strategies.”

On the State-Owned-Enterprises such as the Nigerian National Petroleum Corporation, she disclosed that the Government would continue to efficiently and effectively manage their costs and plug leakages.

“We must make sure that every money that is earned comes in. We will drive the process of improving governance,” she added.

On the nation’s domestic debt, the Minister stated that the Government would not aggressively grow the debt.

“We are refinancing our inherited debt portfolio from short term Treasury Bills to longer tenured debt which has resulted in huge savings and reduction in costs of funds for the Government,” she said.

She disclosed that the Voluntary Assets and Income Declaration Scheme (VAIDS) deadline was extended by three months till June 30, 2018 due to the appeals from tax payers for more time to regularise their tax status.

She revealed that the present Administration has raised the tax payers’ base from 13 million in 2015 to 17 million as at 2018.

The Minister confirmed the recovery of the sum of US$322,515,931.83 Abacha funds from the Swiss Government into a special account in the CBN.

The funds, according to her, have been earmarked for the National Social Safety Nets programme of the Government.

“The objective of the National Social Safety Nets Project for Nigeria is to provide access to targeted transfers to poor and vulnerable households under an expanded national social safety nets system,” Adeosun stated.



https://www.pmnewsnigeria.com/2018/04/22/nigerias-external-reserves-hit-47-93bn/?utm_source=&utm_medium=twitter

Cc: lalasticlala
Re: Nigeria’s External Reserves Hit $47.93bn by Baawaa(m): 10:04pm On Apr 22, 2018
juliuscapps:
Good news!
Bad news to the wailers grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin

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Re: Nigeria’s External Reserves Hit $47.93bn by dheilaw1(m): 10:31pm On Apr 22, 2018
our bloders from the yeast won't like this.. they would probably be planning on how to return to power to come and squander it again

2 Likes

Re: Nigeria’s External Reserves Hit $47.93bn by APCsupporter: 11:04pm On Apr 22, 2018
Lets watch how the lazy idiotic pigs of the land of the fallen ones will start ccrying over this. How much was it during the time of gej when oil was sold at $120 per barrel?

2 Likes

Re: Nigeria’s External Reserves Hit $47.93bn by Sirjamo: 11:13pm On Apr 22, 2018
APCsupporter:
Lets watch how the lazy idiotic pigs of the land of the fallen ones will start ccrying over this. How much was it during the time of gej when oil was sold at $120 per barrel?
Ask them o my brother, and they will tell us that gej was greater than Mahatma Gandhi, and Mrs Okonjo with her useless voodoo economic policies was better than Adeosun.

1 Like

Re: Nigeria’s External Reserves Hit $47.93bn by ChidiAlaigbo: 12:22am On Apr 23, 2018
Tell the useless Biafrans

1 Like

Re: Nigeria’s External Reserves Hit $47.93bn by rikithor(m): 1:41am On Apr 23, 2018
this news tastes maggi maggi in my tongue grin

i know a loot tagged "Abacha's Loot",

please which money that was (stolen and ferried to switzerland is now nicknamed Abacha's funds tongue??

i am awarethat buhari has employed dead people into his cabinet,also aware of dead people still receiving pensions, but am i the only one not aware that dead- man Abacha's funds (is a loan) was it not a stolen/looted funds?
why was his name neither in Lai Mohmd's/APC/FGN first nor Last Looter's list? or was it not nigerian money he raped and looted the treasury seriously empty and died on in Active Service of Lootery and fuckery?

sissy Kemi,i am not gerring it oo,abi na Pastor Mere Commissioner say make u talk am like that,to align with wetin bubu talk before say "abacha didnt steal anything?,
read papa david oyedepo's statement to all of you in buhari's govt that; 'for defending evil is ungodly,liking what God hates is wickedness'
Re: Nigeria’s External Reserves Hit $47.93bn by GavelSlam: 6:29am On Apr 23, 2018
It doesn't come as a surprise to me and even the wailers.

The difference between us is that I'm happy to hear this news while the wailers are looking for otapiapia.

grin

1 Like

Re: Nigeria’s External Reserves Hit $47.93bn by papoudaupolos: 6:53am On Apr 23, 2018
Hard working president
Re: Nigeria’s External Reserves Hit $47.93bn by joeokoriem: 7:23am On Apr 23, 2018
What's d benefit of the money to the masses
Re: Nigeria’s External Reserves Hit $47.93bn by diebuhari1: 7:36am On Apr 23, 2018
Debt is already more than 3 times where they met it.
Only a zombie will be deceived by this strategy. Borrowing money up and down while claiming you are saving..
Re: Nigeria’s External Reserves Hit $47.93bn by Iammercy2018: 7:38am On Apr 23, 2018
Where's lalasticlala self
Do the needful na grin grin

Cc: seun

1 Like

Re: Nigeria’s External Reserves Hit $47.93bn by GavelSlam: 7:57am On Apr 23, 2018
diebuhari1:
Debt is already more than 3 times where they met it.
Only a zombie will be deceived by this strategy. Borrowing money up and down while claiming you are saving..

Take a look at Jonathan's debt.

Liar.
$63 Billion dollars.

Re: Nigeria’s External Reserves Hit $47.93bn by tensazangetsu20(m): 8:18am On Apr 23, 2018
Just 47 billion dollars for a country of more than 200 million people. Warren buffet's company made a profit of 44 billion dollars last year and that's just one man.
Re: Nigeria’s External Reserves Hit $47.93bn by Iammercy2018: 8:29am On Apr 23, 2018
GavelSlam:


Take a look at Jonathan's debt.

Liar.
$63 Billion dollars.

Anti-buhari are just plain haters, and we know where they all come from, they just spit out trash not facts.

They've been programmed to be like that.

1 Like 1 Share

Re: Nigeria’s External Reserves Hit $47.93bn by Iammercy2018: 8:30am On Apr 23, 2018
tensazangetsu20:
Just 47 billion dollars for a country of more than 200 million people. Warren buffet's company made a profit of 44 billion dollars last year and that's just one man.
any impact from you?

1 Like

Re: Nigeria’s External Reserves Hit $47.93bn by GavelSlam: 8:35am On Apr 23, 2018
tensazangetsu20:
Just 47 billion dollars for a country of more than 200 million people. Warren buffet's company made a profit of 44 billion dollars last year and that's just one man.

How much do you bring into the Nigerian economy?

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