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Nigeria’s foreign reserve hits $42.8bn

By Emma Ujah, Abuja Bureau Chief
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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