Democratic Socialist Movement

For Struggle, Solidarity and Socialism in Nigeria

By - DSM

Nigeria\’s Foreign Reserve: How Safe?

Nigeria’s Foreign Reserve: How Safe? By Peluola Adewale, Democratic Socialist Movement, Lagos At present, Nigeria’s external reserves, put currently at $63bn, are placed at the disposal of global financial sharks to gamble with, while there are monumental developmental challenges facing the country which require the injection of huge resources. Global capitalism is now in the midstream of financial meltdown. In