Increase in Foreign Reserves Indicative of FG’s Working Economic Initiatives — Oni

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The outgoing Deputy National Chairman (South) of the All Progressives Congress (APC), Chief Segun Oni, says the steady increase of Nigeria’s foreign reserves under President Muhammadu Buhari is a clear indication that the Federal Government’s economic policies are working contrary to the claims from the main opposition party, the Peoples Democratic Party (PDP).

Oni, in a statement by his media aide, Mr. Steve Alabi, in Ado-Ekiti, pointed out that the leap of $45 billion, which is 54 months high, is a radical departure from the constant depletion that happened under the PDP in the last administration.

Oni commended Buhari for providing strong and transparent leadership that led to the increase through the stoppage of unnecessary importation which has reduced the nation’s import bill and the encouragement of foreign investment which has increased investor activity…



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