The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has said the foreign exchange (Forex) reforms and fuel subsidy removal by President Bola Tinubu are a significant blow to corruption in both sectors.
Ripples Nigeria reports that the oil sector was completely deregulated by President Tinubu the first week he took over the office by removing subsidy on fuel.
He also reformed the monetary policies of the Central Bank of Nigeria (CBN) by devaluing the naira in a bid to unify the multiple exchange rates
