Tinubu’s unified exchange rate yielding positive results, says APC chieftain

in Osun, Hon Olatunbosun Oyintoloye, said the strategic policy of President Bola Tunubu, on the unification of exchange rate has started yielding positive results.

The former lawmaker, who noted that although the policy initially led to unsavoury experiences for Nigerians, said that the experience of the past few weeks was an indication that the initiative was beginning to have positive impact on the nation’s economy. Oyintiloye also commended the Central Bank of Nigeria for the successful clearance of $7 billion Forex backlog, noting that this will continue to stabilise the exchange rate.

“The strategic policy of President Bola Tinubu, on the unification of exchange rate has started yielding positive results. “The way the naira is fast appreciating against the dollar and other currency is amazing and I know we will soon be benefiting from it. He said Nigeria as a nation must also cut its dependence on foreign goods, increase local production and enhance entrepreneurship.

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