₦airaland Forum

ZoomTravels:
Go school you talk say no. Now I am not saying this numbers are true for Nigeria as heaven knows these people lie on a daily basis but Forex inflow (foreign exchange inflow) suggests progress for a country because it indicates increased foreign investment, exports, remittances, or tourism. This brings more foreign currency into the economy, which can strengthen the local currency, boost economic growth, improve the balance of payments, and build foreign reserves. Overall, higher forex inflow reflects global confidence in the country’s economy.

socialmediaman:
This government emptied Nigeria's reserve even after floating the naira and removing subsidy. Still there's extreme hardship and insecurity.

grandstar:
The problem he inherited from Buhari was huge. 97% of government revenue was used to service debt. Economist frown at any figure beyond 20%.

There was only $3bn in net foreign reserves. Worse, the CBN was owing purchasers of forex $7bn. Ther scarcity of forex was so severe that multinationals were leaving the country.

With the removal of the fuel subsidy, and floating of the Naira, debt servicing now takes up 68% of government revenue.

However, more reforms are still needed.

It will take time for things to improve, to reach the masses. For instance, it took Thailand 5 years to get its GDP in 1996 level after its economy crashed.

TouchNfollow:
NIGERIA'S NET FOREIGN EXCHANGE RESERVE

2021 — $14.59 billion
2022 — $8.19 billion
2023 — $3.99 billion
2024 — $23.11 billion
May 2025 — $5.96 billion

FX inflows surged by 62 percent month-on-month in May 2025 to reach $5.96 billion, one of the highest levels in recent times.

#Statisense
(CBN)


The post highlights Nigeria's fluctuating foreign exchange reserves, dropping from $14.59 billion in 2021 to $3.99 billion in 2023, then surging to $23.11 billion in 2024, before a reported $5.96 billion inflow in May 2025, reflecting volatile economic policies and market reforms, including the Central Bank of Nigeria's recent shift to automate FX trades starting December 2024 to boost transparency.

Confusion in the data presentation stems from unclear differentiation between annual reserves and monthly inflows, as May 2025's $5.96 billion represents a 62% month-on-month surge rather than the total reserve, aligning with a Q1 2025 net inflow of $15.20 billion reported by Nairametrics, suggesting a rebound driven by investor confidence and diaspora remittances.

Historical context reveals Nigeria's reserves hit a peak of $62.1 billion in September 2008 per CEIC data, yet recent economic forecasts from PwC warn of potential 2025 challenges like naira pressure and GDP growth decline due to global trade tensions, challenging optimistic projections like the $45 billion reserve target for December 2025.
https://x.com/StatiSense/status/1944809661720666195?t=Y4kqjNWJnzEgJVzXNX690w&s=08[/quote]That's a quantum leap in just one month of May 2025 right there.


NIGERIA'S NET FOREIGN EXCHANGE RESERVE

2021 — $14.59 billion
2022 — $8.19 billion
2023 — $3.99 billion
2024 — $23.11 billion
May 2025 — $5.96 billion

FX inflows surged by 62 percent month-on-month in May 2025 to reach $5.96 billion, one of the highest levels in recent times.

#Statisense
(CBN)

lexy2014:
With the school you went to, can you please explain how all you have mentioned has increased the living standard of living of nigerians?

how has it lowered inflation, reduced corruption, budget padding and wasteful government spending?

jamafa:
When the announced EKiti results U remember how U people were wailing 😂

TouchNfollow:
https://x.com/StatiSense/status/1944809661720666195?t=Y4kqjNWJnzEgJVzXNX690w&s=08[/quote]>
By 2027 no reserve go remain.

Don't ask Nairaland members for contact details (email, phone, bbpin) or investments.

lexy2014:
WHERE IS THE ECONOMY BOUNCING BACK FROM?

WHAT TRAJECTORY WILL BE ALTER IF GOVERNMENT IS CHANGED?

WHO IS RESPONSIBLE FOR WHERE NIGERIA IS TODAY?

lexy2014:
HOW DOES THE FOREX INFLOW SUGGEST PROGRESS FOR THE COUNTRY?

Melagros:
COMRADES, I swear to God Nigeria is doomladen under the watch of APC. I don't know whether I did not see it well, is it 5billion dollars or 56billion dollars?

ZoomTravels:
They probably shouldn’t have voted for Obi in Osun, maybe that’s why he lost. The success of Ojukwu lives on 😂😂😂😂

BreconHills:
Its 5bn in one month! 😔
Other figures are annual - hope its clear now?

BreconHills:
Its 5bn in one month! 😔
Other figures are annual - hope its clear now?

helinues:
Reelection sure die for president Tinubu as there are so many things to campaign for reelection

I am still waiting for the new things the coalition/opposition want to tell Nigerians that they would buy

LtChisom:
Others were years, then this year, they removed January to febuary, febuary to march, etc and just showed you only march to April when we dey July, why not june to July or January to July for 2025,
Kai! APC, una fit deceieve your members with mango water in their brain not every one.

helinues:
Read and comprehend and stop disgracing yourself

LtChisom:
Pain, is that you?
Just because you are told the truth, Stroke won scatter yol.

Adebaba1:
this is a good sign
its just a matter of time before the economy bounces back
please let us be patient with BAT
Changing government again will alter our trajectory
Rwanda is what it is today because of the long tenure of kagame

jidemojola:
$5b in one month is a sign of a rebounding economy.This is our only country,whatever you conceive about her is what will happen to you.I choose to elevate Nigeria rather than bring it down.God bless Nigeria.

Vision101:
Aaah.......The question master is here. Welcome 😁 sir. More and more questions

ZoomTravels:
Yeah, living standard just increase because of 1 month of foreign currency inflows…. Some of you with your uncouth attitude never cease to amaze. You asked how such things could affect be a positive for a country, I gave you a direct answer and yet here you are asking me the story of your life. I simply gave you the definition, I never said your life will improve.

DeLaRue:
Nearly $6 billion in May alone is incredible.

At this rate, we could hit total reserve of $45 - $50 billion by the end of 2025, something Nigeria has not seen in a long time.

Mr Tinubu has grown the reserve from $4 billion when he took over to more than $30 billion now - in just 2 years.

And yet, some people want to change this government for a gang of desperados in 2027.

Ask them why, they say '...it is a yoruba government'. Smh

So, if Nigeria is doing well, only Yoruba people will enjoy it.

grandstar:
The problem he inherited from Buhari was huge. 97% of government revenue was used to service debt. Economist frown at any figure beyond 20%.

There was only $3bn in net foreign reserves. Worse, the CBN was owing purchasers of forex $7bn. Ther scarcity of forex was so severe that multinationals were leaving the country.

With the removal of the fuel subsidy, and floating of the Naira, debt servicing now takes up 68% of government revenue.

However, more reforms are still needed.

It will take time for things to improve, to reach the masses. For instance, it took Thailand 5 years to get its GDP in 1996 level after its economy crashed.