Ex-World Bank President David Malpass Reacts To Tinubu’s Economic Policies

Ex-World Bank President David Malpass Reacts To Tinubu’s Economic Policies

Former World Bank president David Malpass has expressed confidence in President Bola Tinubu’s ending of the fuel subsidy regime and scrapping of the dual exchange rates in Nigeria, saying it will help reduce corruption in Nigeria.

Sharing a Financial Times story on steps taken by Mr Tinubu’s government, Mr Malpass described the fuel subsidy regime and dual exchange rate as harmful to the Nigerian economy.

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“Glad to see @officialABAT taking concrete steps to scrap Nigeria’s harmful government subsidies and multiple exchange rates,” Mr Malpass said in a tweet on Wednesday. “These are important steps toward currency stability, lower inflation, and reduced corruption in Africa’s most populous country.”

See his tweet below;

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.https://t.co/55un1hESqE

— David Malpass (@DavidRMalpass) June 21, 2023