Finance Minister unveils scorecard as foreign reserves hit $44.69bn

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Finance Minister of Finance Zainab Ahmed

The Minister of Finance, Zainab Shamsuna Ahmed, has unveiled the achievements of her ministry as the clock ticks for her exit, revealing that Nigeria’s foreign reserves stood at $44.69 billion as at May 13, 2019.

The foreign reserves stood at $28.3 billion in May 2015 when President Muhammadu Buhari took over governance from ex-President Goodluck Jonathan.

The Minister unveiled the position of the ministry in her opening remarks at the quarterly World Press Conference, held in Abuja.

The minister said also that year-on-year inflation rates continued to improve from a high rate of 18.7 per cent in January 2017 to 11.37 per cent in April 2019.

She also disclosed that states will soon receive their outstanding balance of the Paris Club debts refunds based on the verification made on a total sum of N649.434 billion by the Ministry.

“For the final phase of the Paris Club debts refunds, the total sum of N649.434 billion was verified by…



Source: News Agency of Nigeria

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