David Malpass, former president of the World Bank, has commended President Bola Ahmed Tinubu for removing Nigeria’s fuel subsidy and multiple exchange rates.
Tinubu on May 29 during his inaugural speech as the 16th president of the country said “Subsidy is gone”.
Malpass in a tweet on Monday said it was good to see President Tinubu taking concrete steps to scrap Nigeria’s harmful government subsidies and multiple exchange rates.
“Glad to see @officialABAT taking concrete steps to scrap Nigeria’s harmful government subsidies and multiple exchange rates. These are important steps toward currency stability, lower inflation, and reduced corruption in Africa’s most populous country”, he said.
Malpass’s commendation is one of many for the president that has followed the removal of fuel subsidies and abolishing multiple exchange rates in the country.