Former CBN Governor Sanusi Applauds President Tinubu’s Economic Reforms

Former CBN Governor Sanusi Applauds President Tinubu’s Economic Reforms

…By Dorcas Funmi for TDPel Media. Sanusi Lamido Sanusi, the former Governor of the Central Bank of Nigeria (CBN), expressed his appreciation for President Bola Ahmed Tinubu’s economic reforms since assuming office.

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Speaking to State House Correspondents after a courtesy visit to the Presidential Villa in Abuja, Sanusi commended the President’s decisive actions and stated that they were long overdue.

Sanusi Highlights Specific Achievements and Economic Challenges Addressed

During his visit, Sanusi praised President Tinubu for effectively tackling key economic issues, including the problems related to fuel subsidy and multiple exchange rate regimes.

He acknowledged that these were issues he had been advocating for a long time and expressed satisfaction that the President had taken swift action to address them.

Sanusi emphasized the importance of providing feedback to the government when they make positive decisions and commended the President for starting on a strong footing in terms of economic reforms.

Sanusi’s Comments Amidst Recent Changes in Forex Market Operations

Sanusi’s commendation came shortly after the Central Bank of Nigeria (CBN) announced immediate changes in the Nigerian Foreign Exchange (FX) Market.

The CBN declared the cessation of the RT200 rebate scheme and the Naira4Dollar remittance scheme, effective from June 30.

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Additionally, new guidelines for the operation of the foreign exchange market were introduced.

The CBN stated that further details on these changes would be communicated in the future and urged all market participants and the general public to comply with the rules.

Conclusion:

Former CBN Governor Sanusi Lamido Sanusi praised President Tinubu’s economic reforms during a courtesy visit to the Presidential Villa.

He commended the President for addressing long-standing economic challenges, including fuel subsidy and multiple exchange rate regimes.

Sanusi’s comments coincided with the CBN’s recent announcement of changes in the Nigerian Foreign Exchange Market operations.

The Central Bank introduced new guidelines and terminated certain rebate schemes.

These developments highlight ongoing efforts to improve the country’s economic landscape and garner support from key stakeholders.

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