Oyedele’s Naira Crash Claim Sparks Debate

Minister of Finance and Coordinating Minister for the Economy, Taiwo Oyedele, made a claim during an interview at the World Bank/IMF meetings in Bangkok, Thailand, that the Naira could crash to N4,000/$ if fuel subsidy is restored.

Opposition parties and experts have challenged Oyedele to justify the assumptions behind his assertion about the Naira's potential crash, highlighting concerns over the economic implications of restoring fuel subsidy.

Some critics argue that the current fuel subsidy policy is being implemented through indirect means, with one expert stating, 'You’re paying fuel subsidy through back door,' while others question the operational status of the country's refineries.