Tinubu has said he could have chosen to maintain the multiple foreign exchange rates

President Bola Ahmed Tinubu has said he could have chosen to maintain the hitherto multiple foreign exchange rates and benefit from it but instead, he  opted to unify the official and parallel market rates to save the country from financial haemorrhage.

President Tinubu said he took the decision in the nation’s best interest just like he did with fuel subsidy removal.

He stated this on Thursday at a reception organised in his honour by the Lagos State Government at the Lagos House, Marina.

“I could afford to share the benefit by participating in the arbitrage, but God forbid! That’s not why you voted for me,” Tinubu was quoted as saying in a statement by his media aide, Dele Alake.

The President said it was imperative to take those decisive actions in the early days of his administration.

He also explained that his administration decided to stop the immediate payment of subsidy on petrol in the nation’s best interest.