Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, has said presidential candidates, Atiku Abubakar and Peter Obi don’t want to hear the “good news” of Nigeria’s improved foreign reserve.
Onanuga said Nigeria’s foreign reserve rose to $51.04 billion on June 18. He noted that this is the highest level the reserve ever got in 17 years.
Posting on X, Onanuga said the reserves stood at $50.5 billion in January 2009.
He said: “Nigeria’s foreign reserves rose to $51.04 billion on June 18, the highest level in 17 years. In January 2009, the reserves stood at $50.5 billion.
“This is the good news Peter Obi, Atiku Abubakar and other presidential candidates don’t want to hear.
“As far as they are concerned, President Tinubu has done nothing since he came to office.
“Yet stubborn facts of the administration’s solid achievements keep hitting them in the face.”
GISTSMATE MEDIA earlier reported that the Nigeria’s external reserves climbed to $51.04 billion on June 18, 2026, marking their highest level in about 17 years as stronger foreign exchange inflows and improved market conditions continued to support the country’s reserve position.
Checks on Central Bank of Nigeria (CBN) data showed that gross external reserves stood at $51,035,544,733.65, the highest level since January 20, 2009, when reserves reached about $51.07 billion.
The latest milestone reinforces the steady recovery in Nigeria’s external buffers, with reserves gaining momentum throughout June after recording significant growth in May. READ MORE
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