President Bola Tinubu announced on Monday that his administration has eliminated corruption in Nigeria’s foreign exchange market, asserting that reforms implemented since he took office have closed off leakages and fostered an environment conducive to legitimate businesses.
Speaking at a joint press conference with Brazilian President Luiz Inácio Lula da Silva in Brasília, Tinubu emphasized that the Central Bank of Nigeria (CBN) now operates with full transparency.
He noted that foreign exchange is readily accessible to investors without requiring personal connections, underscoring the success of his administration’s economic reforms.
“The reforms I’ve embarked upon since I took over in Nigeria have been very impactful. It was initially painful, but today the result is blossoming. It’s getting clearer to the people. We have more money for the economy, and there will be no more corruption,
“We have the governor of the Central Bank of Nigeria here. You don’t have to know him before getting the foreign exchange you need. The speculators are out. In our currency market, the door is open for businesses,” he said.
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