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Wednesday, 28 September 2016

Nigeria Foreign Reserves Falls-Udoma


The minister of budget and national planning, Sen. Udoma Udo Udoma, says NIgeria's foreign reserves have reduced from US$26.51BN in the second quarter to  US$24.74BN in September.
Sen. Udoma adds that Nigeria had revenue and foreign currency concentration challenges.

Udoma said this during the 57th annual conference of Nigerian Economic Society with the theme “the developmental state and diversification of the Nigerian economy”.

He said diversification of the economy was the only solution to Nigeria’s revenue and foreign currency problems.

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