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FG Speaks on Return to Fuel Subsidy and Multiple Exchange Rates

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The Federal Government has ruled out a return to fuel subsidy and multiple foreign exchange rates, insisting that it will not reverse the economic reforms introduced under President Bola Tinubu’s administration.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, stated this on Saturday in response to concerns about the government’s economic policies ahead of the 2027 general elections.

Oyedele spoke on the sidelines of the World Bank and International Monetary Fund (IMF) meetings in Bangkok, Thailand.

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