After defying rock-bottom expectations by scrapping fuel subsidies and implementing exchange rate reform, Bank of America has predicted President Bola Tinubu’s next major policy reform is taming the menace of the billion-dollar crude heist threatening the finances of Africa’s biggest economy.
“With the current momentum, Tinubu’s next big move should be to reduce oil theft – by reforming the security sector and involving host communities near the pipelines,” Bank of America, one of the big four banking institutions of the United States said in a note seen by BusinessDay.
