Bola Ahmed Tinubu, presidential candidate of the All Progressive Congress (APC), says Nigerians will not have to deal with the challenge of multiple foreign exchange (FX) rates if he is
Tinubu spoke at luncheon with business owners titled ‘business forward’ on Thursday in Lagos.
Although the parallel segment is more accessible to traders and businesses who need FX, the Central Bank of Nigeria has consistently maintained that it represents less than one percent of forex transactions and should never be used to determine the exchange rate.Speaking at the event, Tinubu said if he is elected, Nigerians would no longer pay estimated billing for electricity.
“By all means, you must have electricity. And you won’t pay for estimated billing anymore. When I become president, multiple exchange rates will go away. Write it down,” he said.“My discussion today is to inspire so that the promise of today can be a reality tomorrow. We promise you, we will bring prosperity to Nigeria.”
“But I want to do more than help existing businesses to exist. We must create the space where new sectors and lines of business can open. We must grow this economy so that it can accommodate over 200 million people with a decent standard of living.
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