Nigeria's Foreign Reserves Hit $51.04 Billion, Highest in 17 Years

Bayo Onanuga, the special adviser to President Bola Tinubu, announced that Nigeria's foreign reserves climbed to $51.04 billion on June 18, marking the highest level recorded in 17 years. This figure surpasses the previous level of $50.5 billion in January 2009.

Onanuga criticized opposition presidential candidates Atiku Abubakar and Peter Obi for their reluctance to acknowledge this positive development in Nigeria's economy. He emphasized that despite ongoing criticism of President Tinubu's administration, the increase in foreign reserves is a tangible achievement that should not be ignored.

Onanuga's remarks reflect a broader narrative regarding the economic progress under Tinubu's leadership, countering claims that the administration has not made significant strides since taking office.