Good economic policies grow foreign reserves to $45b in Nigeria

Lagos- The Nigerian reserves has increased to $45 billion and is an indication that the government is implementing good economic policies.

This comment was expressed by Chief Segun Oni, the ‎Deputy National Chairman (South) and All Progressives Congress (APC), on Sunday that it was an all-time huge savings under President Muhammadu Buhari.

A statement released by Oni by his media aide, Mr Steve Alabi, said that the reserves profile was a radical departure from the constant depletion that happened during the administration of People’s Democratic Party (PDP).

The statement commended Buhari for having a strong and transparent leadership that has influenced the growth in foreign reserve, he said, “through discouraging of unnecessary importation which has reduced the nation’s import bill”.

“We must not forget where we are coming from. The economy was badly managed; foreign reserves were being depleted to satisfy the consumption cravings of a greedy political and business class.:

He added, “The APC government, under the leadership of President Buhari, is turning things around daily.

“The economy is now stable. It’s stabilized, it can no longer go down; it can only come up.

“This is one of the main achievements of this administration.”

Photo Credit- MAKE IT GLOBAL

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