Public Affairs Analyst and All Progressives Congress (APC) chieftain, Adekunle Oladehinde, has defended the economic policies of President Bola Ahmed Tinubu’s administration, pointing to the growth in Nigeria’s foreign reserves as evidence of progress since the government took office in 2023.
Oladehinde made the remarks during an interview on News Central TV, on Saturday, 6 June, 2026, while discussing the state of the nation’s economy and responding to criticisms of the Tinubu administration’s economic reforms.
According to him, key economic indicators suggest that the government has made notable gains despite the challenges associated with policy adjustments and ongoing concerns about inflation and the cost of living.
“In 2023 before the advent of Bola Ahmed Tinubu government, our foreign reserve was $38.3 billion or there about. But today, from $50 billion, we are now on $48 billion,” Oladehinde said.
The APC chieftain argued that the increase in the country’s external reserves demonstrates improved economic management and reflects growing confidence in Nigeria’s financial outlook. He maintained that the administration inherited significant economic challenges but has taken steps aimed at stabilising the economy and strengthening public finances.
Oladehinde noted that foreign reserves play a crucial role in supporting a nation’s currency, facilitating international trade and providing a buffer against external economic shocks. He said the current figures compare favourably with the levels recorded before President Tinubu assumed office.
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