Subsidy removal, FX unification: We’re on right track – Tinubu

Marcus Amudipe
Marcus Amudipe

 

 

 

 

President Bola Tinubu on Tuesday stated that his administration is on the right path in light of its recent economy policies.

He stated this while receiving delegates of the Bank of America at the State House.

Recall that within a month of the President’s inauguration, Tinubu announced reforms such as fuel subsidy removal, foreign exchange window unification, and other policies.

In a press statement issued by Special Adviser to the President on Special Duties, Communication, and Strategy, Tinubu said,that his government was committed to instituting reforms that would engender sustainable growth and development in the country.

“We believe we are on the right track so far. We believe we need all the help we can get,” the President said as he asked the bank’s management for support and partnership to advance mutual benefits for Nigeria and the financial institution.

“Twenty-first-century actions on climate change, finance, and innovation are intertwined. Having a good platform and believing in innovation will help in undertaking reforms and tackling the issues. This is the largest economy and democracy in Africa, and if we cannot do it, nobody will do it for us,” he said.

Tinubu also made a case for the bank and other willing finance institutions to assist the country, saying that no one can do it alone. He cited the example of working together to make sure that Nigerian gas is competitive on the world market.


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