Foreign Reserves Essay Example for Free

Foreign Reserves Essay According to the article entitled â€Å"UNDP urges prudent use of excess crude funds, foreign reserves† by Saxone Akhaine, Kaduna on April 24, 2008, the Nigeria and other African nations are having several problems when it comes to socio-economic aspects. One of the best examples in this context is the country of Nigeria. Based on research, it has been said if Nigeria utilized their crude resources in a good position, they will have an economic stability. The problem in this country is that there are no source of guidance and help from other sectors so that they can use their resources properly. The Nigerian government looses its capability to obtain greater perspectives in the issue of natural resources especially crude oil that costs billions during these times. Based on my own interpretation of this article, the author discusses all the details in simple form. The author used descriptive elements to illustrate the happenings or situations in the Nigeria as well as the issues that they experience during this day aside from poverty. However, there is no concrete resolution with the problem that the author discussed because these are sensitive issues that should not be taken for granted by the authority. It is the right of the whole Nigeria to know the real situation in their society and not only within their personal lives for the reason that it manifests their everyday living. Work Cited Saxone Akhaine, Kaduna. (2008). â€Å"UNDP Urges Prudent Use of Excess Crude Funds, Foreign Reserves† http://www. guardiannewsngr. com/news/article03//indexn2_html? pdate=240408ptitle=UNDP%20urges%20prudent%20use%20of%20excess%20crude%20funds,%20foreign%20reserves