Fuel price increase looms as tinubu approves 15% import tariff on petrol, diesel
President Bola Tinubu has reaffirmed his administration’s commitment to economic reforms, assuring investors that the changes are already producing visible results.
Speaking during the signing of bilateral agreements with Brazil in Brasília, Tinubu said the reforms, though initially p+inful, are now yielding benefits and opening Nigeria’s economy to global business.
“The reform that I have embarked upon since I took over in Nigeria has been very impactful. I can beat my chest for that. It was initially p+inful, but today the result is blossoming. It is getting clearer to the people. No more corruption.
We have the CBN Governor here, you don’t have to know him before you get the foreign exchange that you need. The speculators are out in our currency market. The door is open for businesses. Easy in, easy out,”the President stated.
Tinubu stressed that transparency in foreign exchange access and the elimination of speculators have restored confidence in Nigeria’s economy, positioning the country for sustainable growth and stronger partnerships with nations like Brazil.
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