Oteyemi

Why have a $50billion foreign reserve when people are hungry..... That would be the question flying in the clueless Wailers head.... when CBN announced that the reserve has hit 17 years high..... The last time being during the reign of Yar Adua.. Jonathan couldn't achieve it.... Buhari couldn't achieve it... The poor man looks at his pocket.... The rich man look out for investment... Wailers don't only have empty pockets... They have empty he*ds.... In 2022.... The reserve was gone.... you must be a big man close to Emefiele to get dollar.... indutrialist, foreign students, online traders, Airlines, importers all went through hell in their quest to get dollar.. The world rate the strength of a nation economy through it's external reserve... When we hail the Nigeria Tinubu is building the reserve is one of our guide When dollar dried up in 2023.... Emefiele and co kept lying that they had $30billion in reserve....even when Airlines and other claimed they were owed $7billion... it was JP Morgan that pulled the rug off Emefiele feet.... when it analysed CBN audited report and highlight that Nigeria net external reserve was just $3.7billion left to defend the Naira.... Every other cash in the reserve was encumbered... Before 2023.... the black market was Nigeria official FX market....even when the gap between the black market and CBN rate was 100% apart.... Almost every dollar in Nigeria ends at the black market... Nigeria media and Native Wailers derive joy quoting the black market rate as official rate.... Tinubu has since clean up the market.... with all the FX Cabals running the markets now back to the farm .... For the past 2 years....the Naira is not only stable and appreciating....there is no difference between black and official FX rate.... The $3.7billion net reserve Tinubu met would have been able to fund import for less than one month....with Nigeria trade balance roving around the deficits region... It was merely a matter of time before essential goods like drugs become scarce due to scarcity of dollar for import... That is why it's hilarious seeing some grown up men accusing Tinubu of rushing his reforms when we were all already about to cross the red line into chaos God is a Nigerian and Tinubu is God's project.... it's evident in the convulsions all his enemies suffer when they gather... Emefiele ban importation of almost 50 goods to conserve foreign reserve yet it was still empty.... Tinubu lift the bans yet the reserve keeps rising like Ijebu garri... Those who said the lifting of import ban will kill the Naira and reserve are now in shame .... When Investors see the rising reserve... their confidence in investing in Nigeria soar as we see in the stock market biggest bullish run in History.... Lenders now offer Nigerians loans at the lowest interest ever .... IMF was crying today that they can give Nigeria very cheap loans instead of borrowing from Arabia nations... Almost every developed countries on Earth were built with borrowed money... Only Obi and his wailers can fix Nigeria multi trillion dollar infrastructural gap with annual capital revenue of less than $10billion.... They are poor in thinking and pocket.... Nigeria rising reserve will slow inflation growth rate... It gives every Nigerian window to trade abroad, pay online.... My banks have been advertising dollars to me... first time since early 2000s These rising reserves make payments of borrowed loans easier only obi and wailers are ignorant of these... Nigeria is rising..... We would never ever follow wailers and obi to Egypt..... At the end of Tinubu 8 years.... our kids and grand kids would grow up to read our social media posts and found how we supported these economic revolution... Obi, Atiku and other wailers would be put in a hall of shame on how they desperately tried to truncate the rise of the greatest black nation on Earth....