Olatunbosun Oyintiloye, an APC stalwart in Osun State, has lauded President Bola Tinubu’s exchange rate unification policy, noting its recent positive outcomes. Speaking to journalists in Osogbo, Oyintiloye acknowledged the initial challenges faced by Nigerians due to the policy but highlighted recent weeks’ improvements, particularly the Naira’s steady appreciation against the dollar in both the parallel and official markets.
He emphasized that the policy’s impact, coupled with the Naira’s appreciation, is attracting foreign portfolio investment, unlocking investment potential, and reinstating confidence in Nigeria’s economy. Additionally, Oyintiloye commended the Central Bank of Nigeria (CBN) for clearing “all valid” foreign exchange backlogs amounting to $7 billion, which he believes will further stabilize the exchange rate.
Oyintiloye urged Nigerians to maintain patience with the president, expressing confidence that the nation will continue to witness enhancements in the coming months due to the president’s resolute economic decisions.
“In the next few months, we will continue to reap the benefits of the tough economic decisions made by the president.
“This will clearly prove to us that the president meant well for Nigerians in all his economic policies.
“The way the Naira is fast appreciating against the dollar and other currencies is amazing and I know we will soon be benefiting from it.
“The Renewed Hope Agenda of the president will be fulfilled and Nigerians will surely laugh last,” he said.
He highlighted the significant appreciation of the Naira against major currencies and expressed optimism that Nigerians will soon begin to experience the benefits.
Furthermore, Oyintiloye encouraged Nigerians to curtail their reliance on foreign goods to stimulate the growth of the country’s economy. He emphasized the importance of reducing import dependence, increasing local production, and promoting entrepreneurship to bolster the Naira and expedite national development.
“By importing, we are simply developing the economies of the countries we buy from through job creation, value chain maintenance, capacity for product development and other spin-off effects of production.
“We have to feed our population and depend less on importation to fast-track development of our country,” Oyintiloye concluded.
When you guys are done with all the lies I know at the end of the day the reality will definitely be dawn on us and moreover they know some gullible Nigerians will still vote for them come election time
@demola14
If I may…That my objection is to your point sire.
Recently on that the government has tried. At least the Naira I appreciating in value. Let it continue till it normalised
Seriously we dont even know when you are saying the truth these our leaders self
Nigeria my country, another news please.
Smiles.
We keep lieing against dollar😂even ewedu seller dey claim say dollar don rise.anyway,it’s a good news the naira is getting appreciated gradually over dollar.lets see what happens next!!!
It must yield ni…
We no come here come play nah… It’s a renewed hope and it wouldn’t just happen without some bends but e go soon smooth…
Well, objection my lord…
I actually don’t believe anybody or governance can change a country overnight…
See, President Tinubu is here already, he’ll do the little he can and move, the next person will come and also contribute his quota good or bad…but a country will only get better when the good things implemented by each government that has come and gone is sustained that’s why it now looks like someone got there and things started getting smooth
No, he didn’t make it happen, he only built on the little drops that has been gathered over the years and improved on it…
Which in the case of Nigeria seems like someone got there, gathers it and the other comes and clears it so when the next person is coming he has nothing to build up on but to start from the scratch and then it seems like he ain’t doing nothing, no, he is, it’s not just obvious because he’s got a lot of work on his hands to deal with…
Observe This from President Obasanjo governance into Late President Yar’adua’s governance and how it kind of smoothened President Jonathan’s work to an extent then into President Buhari’s regime then Our now President Bola Ahmed Tinubu, then you’d understand my point better
I ain’t supporting no one, just my opinion my lord
I rest my case🚶
Well I grab
You have said well
Thing is make God help this people to do the right thing at the right time
All my life all i have been hearing is lies dollar did that dollar did this imagin even pepper seller is saying that dollar don increase
Looking forward to seeing your own development Mr. President, I can’t believe in all this you said until I see it
We’ve not had any reasonable developments to upscale our currency. In forex, there is something called pullback, meaning a move can be temporary based on some factors. Well, let’s hope for the best
Well well ….let hope he can do more better
The strength to keep forging ahead the lord will grant to em
Kudos