saintopus:
Poor country with very strong thieves!!!

You talk as if you are not from same country. Are you innocent?

RepoMan007:
Reserve growing marginally but debt growing exponentially. Yet the new debt is being used for unproductive projects. Flyover in states and highway in the coastal stretch. What da fùck.

You seem unaware of the importance of infrastructure. Which school did you attend? The construction of flyovers and highways can significantly boost economic growth. Wealthy nations aren't rich because they can afford to build roads; they become wealthy because of the roads they construct. Young people today often display a lack of understanding and openly reveal their ignorance. Your remarks suggest a lack of proper education.

Ikumapkayi:


You seem unaware of the importance of infrastructure. Which school did you attend? The construction of flyovers and highways can significantly boost economic growth. Wealthy nations aren't rich because they can afford to build roads; they become wealthy because of the roads they construct. Young people today often display a lack of understanding and openly reveal their ignorance. Your remarks suggest a lack of proper education.

Ebonyi intl airport is infrastructure also, how well is it going?

Now the so called highway from Lagos to Calabar, has alternative unlike ebony airport that has none. All the mega infrastructures by aregbesola in Osun, where are they today?

Be supporting evil.

adamusuleiman1:


https://punchng.com/nigerias-fx-reserves-hit-34-14bn/

this reserve no Dey pass 34 billion since APC took power. Why ?

efighter:
Wailers will still wail. They inherited sadness and sorrow from their forefathers.

Meanwhile, we are not interested in Reserves, we are interested in the impact of the Reserves on the masses. Emilokan JAGABAN, do your magic before our patience runs out

so you get patience.

I no know say zombie Dey get patience.

Be assured that that patience will run out.

We borrow money to add to foreign reserve...

DevilsEqual:
Those that mocked us when the reserved dropped should also come here to celebrate with us, else, they're just a negative and bitter people


CBN will keep getting it right

When the dollar rate, food price, security including electricity gets better you haven't really done anything. Fix the country and stop celebrating foreign reserve. Pathetic fool

Melagros:
COMRADES, I don't believe this story because Tinubu and his party can lie to the world

You are a very observant person.

If the reserve is growing, then why is the Naira falling against the dollar, unlike the N200/$1 it was in 2015

Ikumapkayi:


You seem unaware of the importance of infrastructure. Which school did you attend? The construction of flyovers and highways can significantly boost economic growth. Wealthy nations aren't rich because they can afford to build roads; they become wealthy because of the roads they construct. Young people today often display a lack of understanding and openly reveal their ignorance. Your remarks suggest a lack of proper education.

Spot on my brother!

I cringe when i read ignorant folks criticize infrastructure projects. But they want to go abroad where they enjoy these same infrastructure

dawnomike:
We now boost foreign reserves with loans... Interesting!!!

Virtual reserves

Okoroawusa:
Good developments. We are on our way to economic recovery

APC was never formed to make Nigeria better or recover from the numerous economic problems facing the Country they only joined forces to crush pdp. Nigeria is plainly politics to Apc. You are just an uneducated happy slave that's why you can't see this obvious truth.

Meanwhile one single individual reportedly stole $60Billion from the country.

adamusuleiman1:


https://punchng.com/nigerias-fx-reserves-hit-34-14bn/

Thank God hope still dey

You will see one set of folks who will be angry about this progress
They will start asking why we are accumulating FX

Macphenson:
What a shame. After removing subsidy and increasing taxes all round. our foreign reserve is boosted by loans.

Those agbadorians up there are trying to earn their 30k

And do you think Peter Obi could have done better?

What did Tinubu meet when he assumed office? Barely $3bn in the foreign reserves and $7bn of unfulfilled contracts for foreign exchange.

A country is expected to have at least 4 months import cover? At $3bn, it was barely one month's!

For a country in Nigeria's shoe, the proper thing to do would have been to turn to the IMF for balance of payment support. In exchange for the money, the IMF would provide the country with a list of things to cut waste and balance its book. The IMF would lend the government like $20bn in exchange. However, there's animosity the masses have against the IMF. Any belt tightening demanded by the IMF would most likely lead to riots aka Kenya.

An IMF loan would have cushioned the floating of the Naira..

Without the IMF loan, the more difficult route had to be taken. The currency won't have depreciated so badly had they received such a loan. Upon floating the currency, due to the little dollars available, the depreciation was severe.

Has it been beneficial? Yes, it seems the Naira has stabilized at N1,500 to a dollar and its encouraging inflows of forex.

What's most importance is that the rate has stabilized

grandstar:


And do you think Peter Obi could have done better?

What did Tinubu meet when he assumed office? Barely $3bn in the foreign reserves and $7bn of unfulfilled contracts for foreign exchange.

A country is expected to have at least 4 months import cover? At $3bn, it was barely one month's!

For a country in Nigeria's shoe, the proper thing to do would have been to turn to the IMF for balance of payment support. In exchange for the money, the IMF would provide the country with a list of things to cut waste and balance its book. The IMF would lend the government like $20bn in exchange. However, there's animosity the masses have against the IMF. Any belt tightening demanded by the IMF would most likely lead to riots aka Kenya.

An IMF loan would have cushioned the floating of the Naira..

Without the IMF loan, the more difficult route had to be taken. The currency won't have depreciated so badly had they received such a loan. Upon floating the currency, due to the little dollars available, the depreciation was severe.

Has it been beneficial? Yes, it seems the Naira has stabilized at N1,500 to a dollar and its encouraging inflows of forex.

What's most importance is that the rate has stabilized

Yes Peter Obi would have done bette as he wont start the coastal highway to fraud, he would have fix the east west road.

Yes Peter Obi will do better as he wont apend 21 billion naira on VP residence.

Yes Peter Obi would have done better as he wont be talking about getting another presidential jet

Seun, Tinubu's supporters have brought back their bot likes. See how all of them got a similar range likes on this thread. Even other threads others are getting 4-5 likes, you'll see them amassing heavy number of likes, just to sway opinion to their sides.