₦airaland Forum

Nigeria’s Presidents and FX Reserves: A 2007–2025 Timeline

#TheCableIndex

Well done, Bola.




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Our past leaders didn't try at all, imagine reducing 40b during Yaradua tenure to 35b during Buhari , spanning over 15years of wastefulness.

Tinubu is just a God sent otherwise the economy would have collapsed completely

Goodluck no try for this one.

Commentor:
Well done, Bola.




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Watch how angry this would make them. How do a people live their lives such that they get utterly pissed at the sight of good news? Just how?

HisaacPlus:
Nigeria’s Presidents and FX Reserves: A 2007–2025 Timeline

#TheCableIndex

This infographic is wrong. Our net reserves as at when Tinubu came on board was just over $3bn

HisaacPlus:
Nigeria’s Presidents and FX Reserves: A 2007–2025 Timeline

#TheCableIndex

The period that President GEJ led this nation was truly the years of the locusts.

In spite of oil prices reaching the roof top during the GEJ administration, President GEJ and his gele-adorning super minister of the (mismanaged) economy, Dr. Ngozi Okonjo-Iweala were leading a cankerworm in our foreign reserves and most states were owing up to 40 months salary of civil servants. Smh

Scam analysis is what i see here.

Did any of Yar Adua, GEJ,Buhari1, Buhari2 remove subsidy and suddenly have N10 trillion at their disposal?
How about deferred loan repayment that helping the govt spend but defer payment for few years?

Those who worsened Nigeria's woes are always well known

All is see, read is progress in Nigeria economy

Others depleted the FX they met, only president Tinubu has increased his so far In just 2 years.

Slow and steady

The opposition would struggle gan with their campaign in 2027

Coming from people that gave us fake bishops to convince us that Christians are happy with the Muslim Muslim ticket.
Everything is possible with this govt.

Omo I no bliv o.

I still say we need to give tinubu more time...a new government will change the economic trajectory which can be detrimental

This man called Tinubu knows exactly what he is doing. Only that there's no human face to his policies and he doesn't care wether Nigerians are dying or not.

Nigeria will be great again.
God give us leaders with good insight.
We rise again.

Why are we saving our currency in USD? Why not save it in gold? Nigerian government has more faith in US economy than its own economy.

Mr Jonah plundered the surplus through Deziani and co

Ttalk:
Our past leaders didn't try at all, imagine reducing 40b during Yaradua tenure to 35b during Buhari , spanning over 15years of wastefulness.

Tinubu is just a God sent otherwise the economy would have collapsed completely

The funny thing is that those former president were paying subsidy on fuel running into billions of dollars yearly and they were also subsidising dollars. Now, no more paying of fuel subsidy and subsidizing dollars. The reserve should be in the region of close to 100billion by now

Yar’Adua's administration saw the highest reserves both in absolute terms (~$62B) and in import coverage (37.8 months) — likely buoyed by high oil prices.

Jonathan’s tenure experienced a sharp drop to ~$28B, reflecting global challenges like oil price shocks and domestic fiscal pressures.

Under Buhari, there was a notable rebound to around $40B by 2021.

Tinubu's period so far shows gradual stabilization, with reserves hovering around $39-40B mid-2025, supported by structural reforms and favorable external balances .

HisaacPlus:
Nigeria’s Presidents and FX Reserves: A 2007–2025 Timeline

#TheCableIndex

FreeStuffsNG:
President GEJ administration was truly the years of the locusts. Smh

combine what was saved and all loans with deferred payments under Tinubu lets compare to a GEJ who was paying subsidies.

This expository fiscal graphology is a macabre danse macabre of our forex palpitations, a kaleidoscopic chronicle of presidential custodianship vis-à-vis our economic umbilicus! From Yar’Adua’s ambivalent commencement at $43.48bn, to Jonathan’s cataclysmic haemorrhaging to $29.59bn, Buhari’s Janus-faced leapfrogging to $45.09bn and subsequent decrescendo to $35.15bn, now telescoping into Tinubu’s modest transmogrification upwards at $41.05bn — it is manifest that Nigeria’s reserves have been a victim of policy somersaults, prebendal predilections, and petro-dollar schizophrenia.

In sum, what we are witnessing is a quagmire of oscillatory fiscal perambulations, a testimony that without economic rectitude, we shall continue to waltz in the labyrinth of financial Sisypheanism!

Why didn't they put president Obasanjo, baba left $60B+ in foreign reserve and excess crude account 📌📌📌💯👌

bigeliot:
Coming from people that gave us fake bishops to convince us that Christians are happy with the Muslim Muslim ticket.
Everything is possible with this govt.

Omo I no bliv o.

Unfortunately, no one actually cares, whether not you believe. Your belief is completely irrelevant in this case

The statistics favour emilokan to be candid but the citizens are complaining

Akanbi is showing working. Not by cho cho ....
We are on the right trajectory.

HisaacPlus:
Nigeria’s Presidents and FX Reserves: A 2007–2025 Timeline

#TheCableIndex

We have since discovered that a lot of those figures were padded. i dont trust any figures under Emefiele. With due respect to the dearly departed PMB (May his soul rest in peace) the figures Emefiele was publishing were false. It was gross not net. The actual figure in Buhari’s last year was $3.9B


The current position is $41B gross,, $40B net or actual!

tompat86:
This expository fiscal graphology is a macabre danse macabre of our forex palpitations, a kaleidoscopic chronicle of presidential custodianship vis-à-vis our economic umbilicus! From Yar’Adua’s ambivalent commencement at $43.48bn, to Jonathan’s cataclysmic haemorrhaging to $29.59bn, Buhari’s Janus-faced leapfrogging to $45.09bn and subsequent decrescendo to $35.15bn, now telescoping into Tinubu’s modest transmogrification upwards at $41.05bn — it is manifest that Nigeria’s reserves have been a victim of policy somersaults, prebendal predilections, and petro-dollar schizophrenia.

In sum, what we are witnessing is a quagmire of oscillatory fiscal perambulations, a testimony that without economic rectitude, we shall continue to waltz in the labyrinth of financial Sisypheanism!

Patrick Obahiagbon, I greet sir.

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omenka:
Watch how angry this would make them. How do a people live their lives such that they get utterly pissed at the sight of good news? Just how?

What is good news here? Good news that can't reduce the price of garri in Oliha market, is that one good news? No sane person believes the many lies of APC again. FX reserve they claimed is increasing today, tomorrow you see it depleting again. Shame on you people.

HisaacPlus:
Nigeria’s Presidents and FX Reserves: A 2007–2025 Timeline

#TheCableIndex

Jonathan...una don see. Meanwhile he oversaw one of the greatest oil boom

omenka:
Watch how angry this would make them. How do a people live their lives such that they get utterly pissed at the sight of good news? Just how?

The govt - statistics
The masses - EBIN PAWA O!!

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