Nigerian Official Claims Tinubu's Reforms Prevented Massive Subsidy and Currency Devaluation

A Nigerian official stated that without President Tinubu's reforms, the country's fuel subsidy could have reached ₦53 trillion and the dollar exchange rate could have soared to ₦3,500, attributing the economic burden to an unsustainable subsidy regime, an underperforming oil sector, and a narrow tax base.