A financial expert, Dr Samuel Nzekwe, has advised the Federal Government to utilise the rising oil price in the international market to achieve sustainable economic growth for the country.
Nzekwe, who was the former President, Association of National Accountants of Nigeria (ANAN), said this while reacting to the increase in the nation’s external reserves.
Mr. Isaac Okorafor, the Director of Communication, CBN had on Monday in Abuja, said the nation’s external reserves increased from 38.2 billion dollars in December to 40.4 billion dollars in January.
According to Nzekwe, the increase in the reserves due to rise in the price of oil at the international market is encouraging because it will support the country’s export for some time.
The former ANAN president also said the international community would now be willing to do business with the country because it now had adequate financial back up.