Lagos APC Commends CBN and Federal Government on Nigeria’s Forex Reserves Surge to Record $41bn

The All Progressives Congress (APC), Lagos State Chapter, heartily commends the Central Bank of Nigeria (CBN) and the Federal Government on the remarkable achievement of raising Nigeria’s foreign exchange reserves to a historic high of $41 billion.

This milestone is not only a testament to the sound economic policies of the current administration but also a clear indication of growing investor confidence, improved fiscal discipline, and strategic management of the nation’s resources.

We recognize the bold and decisive actions taken by the CBN, in collaboration with the Federal Government, to stabilize the exchange rate, improve liquidity, and attract foreign direct investment. The rise in forex reserves will provide critical support for the naira, enhance Nigeria’s ability to meet international financial obligations, and strengthen the overall macroeconomic environment.

This achievement also reflects the success of ongoing reforms across key sectors, including oil and gas, financial services, and the non-oil export market. These reforms are already yielding positive results in strengthening Nigeria’s economic fundamentals and positioning the country for sustainable growth.

The Lagos APC reaffirms its support for the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration and urges continued focus on policies that promote economic diversification, transparency, and inclusive development. We encourage all Nigerians to remain optimistic and committed to the collective goal of building a stronger, more resilient economy.

Once again, we congratulate the CBN Governor, the Minister of Finance, and all key stakeholders for this laudable achievement, and we look forward to continued progress in Nigeria’s economic recovery and transformation journey.

Mogaji (Hon) Seye Oladejo.
Lagos APC Spokesman.
21/08/25.