Former World Bank President, David Malpass, has commended President Bola Tinubu’s economic decisions since he assumed office on May 29.
Malpass expressed gladness to see Tinubu taking concrete steps to scrap Nigeria’s harmful government subsidies and multiple exchange rates.
He expressed this joy via his Twitter handle on Wednesday, adding that the recent decisions by Tinubu are important steps toward currency stability, lower inflation, and reduced corruption in Africa’s most populous country.
He tweeted, “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.”
His tweet was a reaction to a News article by US’ Financial Times, titled: “Economic overhaul raises hopes for Nigeria’s new leader”.
The article spoke concerning how Tinubu’s recent reform has changed how Nigeria’s economy is perceived. It also had financial experts report on what the long-term implications of these reforms would look like.
