Seyi Makinde Critiques Tinubu's Foreign Reserves Claims

On October 22, 2026, the Central Bank of Nigeria reported that Nigeria's foreign reserves reached $55.16 billion, attributed to rising global crude oil prices. Oyo State Governor and presidential candidate of the Allied Peoples Movement, Seyi Makinde, criticized this figure during the launch of the Makinde and Daura for Better Nigeria Resetter Movement in Lagos.

He accused President Bola Tinubu's administration of misleading Nigerians by emphasizing foreign reserves growth while many citizens suffer from hunger and hardship. Makinde described the government's focus on rising reserves as a political gimmick, stating that improvements in financial indicators do not translate to better living conditions.

He called for a reset of Nigeria's economy, security, education, and socio-political environment, urging citizens to evaluate government performance based on their daily realities. Makinde likened the situation to a household where the head boasts of savings while family members go hungry.