Nigeria external reserves hit $35bn, says Buhari - News Summed Up

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Nigeria external reserves hit $35bn, says Buhari


FRIDAY OLOKORPresident Muhammdu Buhari assured Nigerians on Saturday that the nation’s economy was doing well. The President said apart from saving $500m in the Sovereign Wealth Fund and investing another $500m in the SWF, the country’s external reserve presently stands at $35bn, the highest in the past four years. He said, “For the first time in five years, we saved $500m, and invested another $500m in the Sovereign Wealth Fund. Today, our external reserves stand at $35bn, the highest in the past four years. He said over 461 federal MDAs had been captured on the system thus far, with the objective of being able to enroll all of them.


Source: Punch November 26, 2017 00:22 UTC



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