Tinubu Links Security Crisis to Fuel Subsidy and Forex Cabals

President Bola Tinubu says beneficiaries of the old fuel subsidy and multiple exchange rate system are fueling rising insecurity across the country. He delivered the message through former Ogun governor Olusegun Osoba at the launch of a new book in Lagos. According to Tinubu, vested interests offended by the removal of fuel subsidy and the unification of exchange rates are seeking to destabilise Nigeria. He pointed out that the gap between parallel and official markets has nearly closed, from about ₦2,000 to ₦1,380 per dollar. Despite ongoing forex round-tripping, Tinubu remains committed to his economic reforms. He stressed that the government’s priority is to tackle security and the economy before addressing other political matters.

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