The Presidency says presidential candidates Atiku Abubakar and Peter Obi are not interested in Nigeria’s improving foreign reserves. In statements attributed to the Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, the government points to an increase in Nigeria’s foreign exchange reserves to $51.04 billion as of June 18. The Presidency says this level is the highest Nigeria’s foreign reserves have reached in 17 years and contrasts it with figures from earlier in the period. Onanuga is also reported as saying the reserves were $50.5 billion in January 2009, using this comparison to argue that the current figure represents progress. The Presidency’s broader claim is that Atiku and Obi have remained silent or dismissive about the development, despite what it describes as solid achievements under the Tinubu administration. The reports present the issue as a political exchange over how candidates are responding to the reported reserves improvement.
Presidency Responds to Atiku, Obi Over Foreign Reserves Increase Claim
The Presidency says presidential candidates Atiku Abubakar and Peter Obi are not interested in Nigeria’s improving foreign reserves. In statements attributed to the Special Adviser on Information and...
- The Presidency, through Bayo Onanuga, says Atiku Abubakar and Peter Obi are not addressing or acknowledging the foreign reserves improvement.
- Nigeria’s foreign exchange reserves are reported to have risen to $51.04 billion on June 18.
- The Presidency says the June 18 reserves level is the highest in 17 years.
- Onanuga is reported as citing January 2009 reserves of $50.5 billion for comparison.
- The statements are shared on X and framed as a response to perceived political silence or criticism of the Tinubu administration.
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.”
20 hours agoSpecial 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 […] Atiku, Peter Obi don’t want to hear good news of Nigeria’s improved foreign reserves – Presidency
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