The Osun Masterminds (TOM), a civil society organization, has urged President Bola Tinubu to halt the floating of the Naira and reinstate a Central Bank of Nigeria (CBN)-guided pricing system. They also demand the reintroduction of petrol subsidies until appropriate structures are in place to manage deregulation consequences.
A civil society organisation, The Osun Masterminds, TOM, has urged President Bola Tinubu to end the floatation of the Naira and revert to a Central Bank of Nigeria, CBN , guided pricing that will be devoid of corruption and the sharp practices that characterised the apex bank under Godwin Emefiele. TOM also demanded a return of subsidy on petrol until a time in the future, when proper structures have been put in place to manage the consequences of total deregulation.
'To make matters worse, the Federal Government, through the Central Bank of Nigeria, also decided to float the Naira, leaving it to the whims and caprices of market manipulators, speculators, and hawks. While a market-driven pricing of the Naira would be ideal, the peculiarities of our character as Nigerians, soon negated whatever possible good outcomes we could get.
Naira Subsidy Petrol CBN Corruption
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