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I bet most of the previous commenters have no clue on what they just read if they ever read it in the first place.

At least with this, we wouldn't see any sudden naira fall.

We are going backwards than south Africa.

georgecso:
Sai Bubu till 2023
Foreign Exchange Reserves are assets held by a central government or other monetary authority, usually in various reserve currencies. ... The main purpose of holding foreign exchange reserves is to make international payments and hedge against exchange rate risks.

APC dimwit spotted
They don't read , they just wait for any headline that they assume says something positive about this government and immediately they type Sai baba
Or bubu till 2023

Na foreign reserves we go chop? How about our GDP, National income, Per capita income, GDP to Debt ratio, Human Capita Index, Ease of doing business, Cost of living vs Standard of living?

The aforementioned have more to do with the wellbeing of the citizenry than reserves that will be looted eventually. Our infrastructure base is still very poor. This makes doing business or investing in Nigeria a Herculean task. Our overconcentration on oil is another doomsday waiting to come.

Instead of banditing non effective figures around, we need to seriously diversify the economy and put together legislations that would make our economy great again, as it was in the 60s and 70s. This govt is a failure and it is quite unfortunate.

PDP patiently waiting to share the money as usual.

Lies

Great works APC!

Of what importance is the lead?
Nigeria leads, so?

Why can't they just empty this reserve and improve this country.

mamaa88:
And so?

Mumus show yourself as disappointment is loading for you

T

Petrobros:


Crude Oil price influence no ni.

So when will the ordinary man on the streets start benefiting from the Rise of Crude oil price and increase in external reserves?

as if south Africa no get gold

Good Morning Sir/ma, pls, how does this contributes positively to the life of a poor man walking on the street Pls, I have been trying to figure out what the hell THEY are talking about. Inflation keep soaring high, states govt can't meet up with their statutory obligation among others, & yet the external reserves keep increasing? OMG! PLS KEEP US TILL 2019, I BEG THEE! Listening to Diallo by Wclef...

"The CBN Governor is not APC Appointee but the gentleman is doing well. Ask him whether the President or his Vice has ever requested for cash from CBN. We don't do that.

aribisala0:
I am sure you have no clue what foreign reserves are .
FYI Nigeria has more foreign reserves that the US .

So what?

Wow, i never knew $47 billion + (Nigeria) is more than $125 billion + (America) foreign reserve o.


Keep fooling ignorant and lazy fellows with wrong info.

aribisala0:
I am sure you have no clue what foreign reserves are .
FYI Nigeria has more foreign reserves that the US .

So what?

Bros , you are a big liar, google is your friend ,if you are ignorant, US is $125+ billion

Looters' reserve.Robotic government.

That's as it should be. We're richer. And the moment we shift the comparison paradigm away from South Africa -- a country less than half the population of Nigeria with lesser human and material resources -- the better for us.

We should take our comparison higher up to the likes of Brazil, Indonesia, Mexico and the likes. Not with a post-apatheid south africa that is still learning the ropes of self rule.

Lakeside79:


APC dimwit spotted
They don't read , they just wait for any headline that they assume says something positive about this government and immediately they type Sai baba
Or bubu till 2023

And you read yet typed such a response?

Chai!

Una no geh sense for dz country.

If you ve travelled out of Nigeria b4, not libya oo. You will realize our leaders be ode.

Foreign reserve of $100billion, no development. Where is d sense in dt?

aribisala0:
Really yes !!


What exactly is it a measure of can you tell is in not more than 10 words?

Is it a measure of the health of an economy or the well being of its people?


Otherwise you would not talk about one country leading another.

I hope you dont lie for a living?

aribisala0:
I am sure you have no clue what foreign reserves are .
FYI Nigeria has more foreign reserves that the US .

So what?

really, how old are you toddler?

I think you need to go and study your books first than writing rvbbish on nairaland!!

aribisala0:
I am sure you have no clue what foreign reserves are .
FYI Nigeria has more foreign reserves that the US .

So what?

Nigeria's foreign reserve higher than that of US? You lied, verify your fact please and don't confuse people here.
Aside what baffles me most is how easy Nigerians wave off positive things about this country and screams the negative aspect of our life.
Somehow, no matter how much you hate this country you are a Nigerian

myboy2111:


Bros , you are a big liar, google is your friend ,if you are ignorant

Big liar? You talk like a child, a 6 year old child. Grow up and try to contribute like an adult with some cranial content

somehow:


And you read yet typed such a response?

Chai!

You really had to embarrass yourself further by responding didn't you ?

Nigeria also leads South Africa in poverty and terrorism.

aribisala0:
I am sure you have no clue what foreign reserves are .
FYI Nigeria has more foreign reserves that the US .

So what?

Nigeria does not have more foreign reserve than the US. You are wrong, US foreign reserve Tripple that of Nigeria. Say what you know and have a prove of and stop misleading people.

mamaa88:
And so?

Buba is working

More of that,even with bad economy and bad leadership,let show this people we are giant of africa

saaron:
Nigeria also leads South Africa in poverty and terrorism.

Cant you see the light of the day... Negativity no kill you