“Reversing Tinubu’s Reforms Could Trigger Capital Flight” — Finance Minister Oyedele Says - Gistmania
“Reversing Tinubu’s Reforms Could Trigger Capital Flight” — Finance Minister Oyedele Says - Gistmania
Source: Gistmania
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DW NOTE
Oyedele is correct on mechanics, if not on merit. Tinubu floated the naira, removed fuel subsidies, and liberalised forex — exactly the adjustment sequence every IMF programme demands. Reversing it now would confirm that the reforms were politically unsustainable, not economically sound. Nigeria has devalued four times since 2020; capital didn't return then either. The threat isn't that investors will leave if reforms are reversed — it's that they never believed the reforms would stick in the first place.