WHY TINUBU 4+4?
Foreign Reserves Edition
Nigeria’s gross foreign reserves have now risen to $54.13 billion, their second-highest level on record compared to the peaks of every year since 1999.
Only September 2008 was higher, when reserves peaked at $62.08 billion, just as the global financial crisis was unfolding.
For context, here is Nigeria’s 10 highest reserve peaks since 1999:
2008 — $62.08 billion
2026 — $54.13 billion
2009 — $53.25 billion
2007 — $51.33 billion
2013 — $48.86 billion
2018 — $47.87 billion
2025 — $45.71 billion
2019 — $45.18 billion
2012 — $44.18 billion
2014 — $43.61 billion
Under President Bola Tinubu, Nigeria today holds more in foreign reserves than at any point since the 2008 global financial crisis.
From $32.29 billion in May 2023 to $54.13 billion today. That is an increase of $21.84 billion, or nearly 68%.
The significance is in the history. Even though the reforms have been difficult, the numbers are beginning to tell their own story. We are on the way to prosperity.
Thank you Mr President @officialABAT .
Source: Central Bank of Nigeria
@otegaogra
