Why I will retain Tinubu’s liberalisation of forex market — Peter Obi
Peter Obi, the presidential candidate of the Nigeria Democratic Congress, NDC, has explained why he will retain President Bola Tinubu’s liberalisation of the foreign exchange market if elected President in 2027. Obi made this disclosure in an interview with Arise TV on Thursday. Peter Obi defended the floating of the naira by President Tinubu’s administration in […] Why I will retain Tinubu’s…
Peter Obi, the presidential candidate of the Nigeria Democratic Congress, NDC, has defended President Bola Tinubu's decision to liberalise the foreign exchange market and remove fuel subsidies if he is elected President in 2027. This interview with Arise TV revealed Obi's stance on these economic policies. He expressed that he would not defend the value of the naira, unlike the approach taken under the late former President Muhammadu Buhari.
Instead, Obi intends to focus on enhancing productivity to boost the currency's value for the people. Furthermore, he supports Tinubu's removal of fuel subsidies, which led to a significant increase in fuel prices from around N238 per litre in May 2023 to between N1,310 and N1,350 per litre.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
