Mr Tinubu announced the removal of fuel subsidy and the streamlining of the exchange rate during his inauguration on 29 May.
President Bola Tinubu Thursday in Paris, France, said the ongoing reforms introduced by his administration would be sustained for a more competitive economy that attracts Foreign Direct Investment .Mr Tinubu announced the removal of fuel subsidy during his inauguration on 29 May. He also approved the streamlining of the exchange rate in the country.
“We need reforms for national survival,’’ he added, noting that it would take boldness and courage to reposition the economy, calling for more collaboration to solidify the economy. The president of AfreximBank commended Mr Tinubu for the bold steps in removing the fuel subsidy and unification of the exchange rate, assuring the Nigerian leader of the full support of the financial and development institution on the ongoing reforms.
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