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Finance Minister Taiwo Oyedele warns that returning to petrol subsidy could trigger capital flight and push the naira to N4,000 per dollar.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that a return to petrol subsidy could trigger capital flight, weaken investor confidence and push the naira to between ₦3,000 and ₦4,000 to the dollar. Oyedele gave the warning on Monday during a press briefing at the International…
Taiwo Oyedele warns that restoring fuel subsidy could trigger capital flight, weaken the naira and push the exchange rate to ₦4,000 per dollar.