New monetary policy regime will benefit all Nigerians, not just the rich – Tinubu

Nigeria’s monetary policy regime was once tilted in favour of the elites but will onwards be fair to all, President Bola Tinubu told the nation Sunday morning in a televised speech marking Nigeria’s 63rd Independence Anniversary.

“Henceforth monetary policy shall be to the benefit of all, not to the exclusive province of the powerful and the wealthy,” he affirmed while talking about the clean-up of the Central Bank of Nigeria (CBN), where a recent shake-up sacked the bank’s entire leadership.

Since assuming office, President Tinubu has implemented many reforms targeting one of the most comprehensive revamp of Nigeria’s foreign exchange system to date.