President Bola Tinubu says his administration has successfully eliminated corruption from Nigeria’s foreign exchange market through ongoing economic reforms that have improved transparency and closed regulatory gaps.
During a joint press conference with Brazilian President Luiz Inácio Lula da Silva in Brasília on Monday, Tinubu explained that the Central Bank of Nigeria now operates more openly, allowing investors to access foreign exchange based on merit rather than personal connections.
“The reforms I’ve started since taking office have made a real impact.
While they were tough at first, we’re now seeing positive results that are becoming clear to everyone.
We have more resources for the economy, and corruption is no longer an issue,” Tinubu stated.
He also mentioned that speculators have been removed from the system, ensuring Nigeria’s currency market now serves legitimate businesses.
Tinubu made these comments during his two-day state visit to Brazil.
