President Bola Ahmed Tinubu has described Nigeria’s foreign exchange reserves surpassing $42 billion as a “historic milestone” and a clear sign of renewed investor confidence in the country’s economy.
In a statement issued on Wednesday, January 8, 2026, by his Special Adviser on Information and Strategy, Bayo Onanuga, the President commended the Central Bank of Nigeria (CBN) and economic team for prudent management and reforms that have driven the steady rise in reserves.
“This achievement is a historic milestone and a strong signal of renewed investor confidence in the economy,” the statement quoted Tinubu as saying.
The reserves, which stood at around $33 billion when Tinubu assumed office in May 2023, have climbed steadily amid naira stabilisation efforts, increased oil revenues, and non-oil export growth.
Subscribe To The Best Team In Conservative, Business, Technology, Lifestyle And Digital News Realtime! support@ddnewsonline.com
Onanuga highlighted that the figure marks the highest level in over two years, providing a stronger buffer against external shocks and supporting currency stability.
The President reiterated his administration’s commitment to sustaining macroeconomic reforms, attracting foreign direct investment, and positioning Nigeria for long-term growth.
Economists have welcomed the development as evidence of improving fundamentals, though cautioning that sustained inflows and prudent spending remain critical.
By Ogungbayi Beedee Adeyemi
Send tips to: adeyemi@ddnewsonline.com | 08168555497
QQ88 là nhà cái trực tuyến uy tín hàng đầu đông Nam Á, mang đến kho game hay ho và hấp dẫn: Casino ,bắn cá, đá gà, nổ hũ,… tặng 88k khi đăng ký và tặng 999k khi nạp đầu
Cảm ơn admin đã chia sẻ bài viết. Nhân tiện chia sẻ lại một địa chỉ xôi lạc uy tín cho mọi người – coi mượt, bình luận viên chất như nước cất.
Cảm ơn admin đã chia sẻ bài viết. Nhân tiện chia sẻ lại một địa chỉ xôi lạc uy tín cho mọi người – coi mượt, bình luận viên chất như nước cất.