₦airaland Forum

‎Orji Kalu Hails Tinubu as Nigeria’s FX Reserves Hit $48.5 Billion, Highest in 13 Years
‎
‎Senator Orji Uzor Kalu has commended President Bola Ahmed Tinubu's economic reforms, attributing the recent surge in Nigeria's foreign exchange reserves to $48.5 billion the highest level since May 2013 to the President's policy direction.
‎
‎According to data from the Central Bank of Nigeria (CBN), the reserves hit the $48.5 billion mark on Tuesday, a figure not seen since May 14, 2013, when reserves stood at approximately $48.51 billion.
‎
‎Kalu, in a statement reacting to the development, emphasized that the President's economic agenda is on track and beginning to yield tangible results. He noted that the accumulated reserves would ultimately benefit the most vulnerable citizens.
‎
‎"The President is on track, because the effects will trickle down to the lower echelon," Kalu said. "This is one of the positive effects of President Tinubu's economic policies that will further bring renewed prosperity for the poorest of the poor."
‎
‎The sustained growth in external reserves provides the Central Bank with greater ammunition to stabilize the naira and signals growing investor confidence in the African largest economy.

The chameleon man that can never be trusted

This period transcends Buhari’s era and partly in even GEJ’s oil boom days. Now this is real governance. Attack problems at the roots, not with cosmetic fixes that just slap a Band-Aid on a gaping wound.

When Forex reserves stabilize to globally acceptable level, attention will then shift to genuine local growth.

But of course, this report sends handle-mops, children of 8, into full epileptic convulsions. Watch them foam and twist over this with their convoluted and jaundiced outrage, while Jagaban keeps his eyes on the target. Meanwhile, one packaged fraud hops from corner to corner, pricing groundnuts, attempting to deceive unsuspecting masses while playing steward at kids’ birthday parties.

Tinubu should run from this man!

helinues:
The chameleon man that can never be trusted

True true u talk am yesterday.