The Chairman of the House Committee on National Planning and Economic Development, Prince Gboyega Nasir Isiaka, revealed that Niger’s foreign exchange reserves increased from $32.9 billion at the end of 2023 to over $38.448 billion by June 2025.
Isiaka, the representative for the Yewa North/Imeko-Afon federal constituency, suggested that there has been a significant reduction in the federal fiscal deficit, indicating enhanced financial discipline and better economic management.
This statement was made in Abeokuta, Ogun State, by the representative as he reviewed his performance in office. He further noted that President Bola Tinubu’s economic reforms, based on “difficult yet necessary decisions,” have been producing beneficial outcomes.
According to Isiaka, an economic analyst, “These measures, ranging from the abolishment of fuel subsidies to the harmonization of foreign exchange rates, have started to produce measurable results.
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