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Fuel subsidy return could push Naira to N4,000/$ — Oyedele

📍 Lagos, Nigeria, NG·🕐 6d ago·3 outlets

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 N3,000 and N4,000 to the dollar. Oyedele gave the warning on Monday during a press briefing at the International Monetary Fund and World…

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Two or more outlets reported this story and its reliability score reached 65%, so WorldPulse marks it verified. That means more than one outlet says so, not that it is proven true.

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[Claude] Both reports cover Oyedele's warning that restoring petrol subsidy could push the naira toward N4,000/$, with no conflicting facts.

6d ago
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91%

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