BUSINESS● LOW1h ago · Oct 18, 2026, 6:30 AM
Large foreign reserves don’t mean Nigeria is better off — Chike-Obi
Vanguard Nigeria · sub saharan africa
Former Fidelity Bank chairman, Mustafa Chike-Obi, has questioned the economic benefits of Nigeria’s foreign reserves, arguing that maintaining reserves of between $52 billion and $53 billion could cost the country more than $10 billion annually. Chike-Obi spoke on Thursday during an episode of Policy Without Politics, a podcast he hosts with Ken Ikpe. He said […] The post Large foreign reserves don’t mean Nigeria is better off — Chike-Obi appeared first on Vanguard News.
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