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Nigeria’s foreign reserves rose significantly to $38.448 billion in June 2025, marking a major step forward in the nation’s economic recovery efforts. This increase comes after months of strategic reforms aimed at stabilizing the economy and rebuilding investor confidence.
According to Hon. Gboyega Nasir Isiaka, Chairman of the House Committee on National Planning and Economic Development, the rise is largely due to the implementation of President Tinubu’s economic policies, including the removal of fuel subsidies and the unification of exchange rates. These tough but necessary decisions have helped stabilize Nigeria’s fiscal environment, attract investment, and boost foreign exchange inflows.
The improvement in foreign reserves provides a critical buffer against economic shocks, especially in times of global financial uncertainty. It also gives the Central Bank more capacity to defend the naira, control inflation, and manage the country’s debt obligations.
Inflation, which had been a major concern, is beginning to ease as a result of tight monetary policies and improved fiscal discipline. The Central Bank’s efforts to raise interest rates and manage liquidity are starting to yield results, offering a glimmer of hope to households and businesses battling high prices.
Isiaka noted that the government is also working on tax reforms and infrastructure investment, which are expected to enhance revenue and drive sustainable growth. With GDP projected to grow at 3.5% annually through 2026, the outlook appears cautiously optimistic.
The rise in reserves is a clear signal that Nigeria is moving in the right direction. However, continued policy discipline and transparency will be essential to maintain this positive trend. For ordinary Nigerians, a stronger economy could mean a more stable currency, lower inflation, and better job opportunities—ultimately improving the quality of life across the nation.
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