Business Nigeria's $41billion Reserves Rank Highest in Africa - CBN Governor



Governor of the Central Bank of Nigeria, Godwin Emefiele, while speaking at the Africa Business Summit has assured that Nigeria's $41billion reserves which he said is the highest in Africa will not be depleted by 2015 elections.

He said the nation's economy of the country is currently doing well and that the 2015 election will not let it take a downturn, adding that although people are predicting that crude prices will fall and revenues will drop, but with a $39-41billion reserve supporting imports and production for the next 7-8months.

'Nigeria's economy is doing very well and 2015 will not be different, people generally are expecting that crude prices are coming down and nurse fear that may be there could be reduction in production and crude prices will fall,' he said.

The aviation minister, Osita Chidoka, also added that there is currently a 73% potential for aeronautical investment in the country, with potentials in the infrastructure part of the sector, to create clusters of infrastructure around the airport, THE NATION reports.

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