Report: Tinubu’s Economic Reforms Pay Off, Yield Surge In Foreign Investment And Remittances

According to Hakama Sidi Ali, a spokeswoman for the central bank, foreign portfolio investor asset purchases exceeded $1 billion in February, bringing total receipts for the year to at least $2.3 billion. This marks a substantial increase compared to the $3.9 billion recorded for the entire year of 2023.

Additionally, overseas remittances rose more than fourfold to $1.3 billion in February from the previous month.

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