Monday, April 22, 2024

British High Commissioner Hails Tinubu’s Subsidy Removal, Forex Reforms

The British High Commissioner to Nigeria, Richard Montgomery says Ministers and Businesses in the United Kingdom are “responding very positively” to the first policies of the President Bola Tinubu administration new economic Policy which includes fuel subsidy removal and unification of foreign exchange rates.
The British High Commissioner stated this on Wednesday after he met with Kashim Shettima Vice President of Nigeria at the State House, Abuja.
In a chat with State House correspondents, the British High Commissioner said the meeting with the Nigerian Vice President was fruitful, as it focused on how to ramp up bilateral relations between the two countries, particularly in the area of boosting economic engagements.
He said the removal of petrol subsidy and the exchange rate reforms by the new government are “big economic decisions” being notices around the world and they are important to attract investments into Nigeria.
The British High Commissioner said he discussed with the Vice-President on the measures to cushion the effect of the President’s first policies like subsidy removal.

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