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There Are Billionaires Who Will Never Forgive Tinubu For Floating The Naira – Presidency

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The Special Adviser to President Bola Tinubu on Media and Publicity Communication, Sunday Dare, has stated that some individuals will never forgive President Bola Tinubu for floating the Naira and removing fuel subsidy.

He disclosed this on Saturday during an interview on the Mic On podcast.

When asked what part of the bear Tinubu had poked, he replied that some stakeholders had tried to stop the oil subsidy removal.

He also made reference to the floating of the naira, disclosing that certain individuals became billionaires within months under the previous administration.

According to him, “Look at the reforms that are ongoing. Take the oil sector. Some of these things are off the radar.

“You know how many people benefit from the subsidy value chain? Nigerians from all parts of the country.

“I don’t want to characterise them as the oil mafia. But we know there are people who tried to stop the oil subsidy removal.

“Let’s take the floating of the Naira. Billionaires were created within months under the previous government. The arbitrage was massive.

“Tinubu had the choice to let it go. To let the party go on. In any case, everyone would have benefited from it. But he put a stop to it.

“In that chain, there are people today who will never forgive Tinubu for floating the naira and removing the subsidy from forex.”