The Central Bank of Nigeria says the country’s external reserves now stand at 45 billion dollars as of June 2019.
The CBN Governor, Mr Godwin Emefiele, disclosed this while reeling out the policy road map for his five years the second term in Abuja on Monday.
Emefiele said the bank put all necessary measure to ensure the steady growth of the country’s external reserves after the recession.
“I am delighted to note that our external reserves have risen from 23 billion dollars in October 2016 to over 45 billion dollars by June.
“Inflation has also dropped from 18.72 per cent in January 2017 to 11.40 per cent in May.