President Bola Tinubu says beneficiaries of the corruption-laden fuel subsidy and foreign exchange era are behind the uptick in insecurity across Nigeria.
The Nation reports that Tinubu spoke through Olusegun Osoba,
former governor of Ogun, on Wednesday at the launch of a book titled ‘The
NADECO Story’, in Lagos.
The president said unpatriotic elements who engaged in forex
round-tripping are resisting his administration’s reforms, particularly the
removal of fuel subsidy and the unification of the exchange rate markets.
He said these vested interests are attempting to destabilise
the country as retaliation for the policies that ended their privileges.
Osoba, conveying the president’s message at the Muson Centre
in Onikan, said Tinubu is fully aware of the deliberate attempts to disrupt
national peace by persons offended by the reforms.
“He is aware that there is a deliberate attempt to disrupt
the peace of the country by those he knew he had offended by cancelling the
multiple exchange rate regime and removing fuel subsidy,” Osoba said.
The president identified the economy and security as
fundamental issues currently preoccupying his administration, and pledged to
address outstanding political matters after tackling these core challenges.
“You can see the difference between the parallel and the
official markets is virtually zero. The naira, which was about N2,000 to one
dollar, is now around N1,380,” he said.
“Those cabals are still round-tripping, but he is determined
that if this is the only thing he would do to rearrange the economy, he is
ready to face it.”
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