President Bola Tinubu, on Monday, declared that his administration has dismantled corruption in Nigeria’s foreign exchange market, insisting that reforms introduced since his assumption of office have blocked leakages and opened the economy to genuine businesses.
While speaking at a joint press conference with Brazilian President Luiz Inácio Lula da Silva in Brasília, Tinubu said the Central Bank of Nigeria (CBN) now operates transparently, stressing that foreign exchange is available to investors without the need for personal connections.
“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
The President is on a two-day State Visit to Brazil
Watch a video of him speaking below
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