Correction: Nigeria’s foreign reserve hits $42.8bn


The nation’s foreign reserve has hit $42,8 billion. The image maker of the Central Bank of Nigeria (CBN), Mr. Isaac Okoroafor, disclosed this at a meeting with Rice Farmers Association of Nigeria (RIFCAN) this Morning, in Abuja.

He attributed the steady growth of te reserve to CBN policies targeting reduction in importation of goods, especially food that can be produced in the country.

Rice production under the Anchor Borrowers Programme remains a reference point in the bank’s efforts at conserving the nation’s foreign exchange.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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