Nigeria’s Foreign Reserve Hits $47bn – President Buhari

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President Muhammadu Buhari says Nigerians foreign reserve has risen to $47 billion as at April 9, 2018 up from $29.6 billion in May 2015.

He made this disclosure at the 17th National Productivity Day and Conferment of National Productivity Order of Merit award held in Abuja.

President Buhari said inflation rate had dropped to 12.5 per cent as at May 5, 2018, making it the 15th consecutive month of fall.
He said the implementation of the Treasury Single Account has stopped pilfering of the treasury, while N108 billion has been saved from bank charges.

The president further said over N120 billion has also been saved from the elimination of ghost workers in the public service. He said the federal government was making steady progress in her diversification programme, especially in Agriculture and Mining.
Fifteen individuals and five organizations were conferred with 2018 National Productivity award.

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