BREAKING: Moghalu applauds Tinubu’s decision on subsidy, forex

Kingsley Moghalu, the ex-deputy Governor of the Central Bank of Nigeria (CBN), has praised President Bola Ahmed Tinubu for his decision to remove the fuel subsidy and forex reform.

Moghalu, who raised concerns about the number of politicians in the current government, advised Tinubu to revamp his cabinet within the first year of his administration.

The former deputy Governor of CBN said these at the 16th edition of the Leadership 2023 conference and Awards at the Transcorp Hilton Hotels, Abuja.

Moghalu also urged the president to set up a 7-member economic team comprising economists only. 

The Young Progressive Party (YPP), in the 2019 general election, delivered a keynote paper titled “Nigeria’s distressed economy, which way out” said this is the only way the country can get out of its current crisis.

Moghalu also commended the current measure taken by the CBN to tighten cash liquidity.