Mr Olatunbosun Oyintiloye, a chieftain of the All Progressives Congress (APC) in Osun, says President Bola Tinubu’s policy on the unification of exchange rate has started yielding positive results.
Oyintiloye, a former member of the defunct APC Presidential Campaign Council(PCC), said this in a chat with journalists on Sunday in Osogbo.
According to him, although the policy was painful and tough on Nigerians at the initial stage, experience of the past few weeks has shown that the policy is putting the nation’s economy on the path of recovery.
The APC chieftain said the steady appreciation of the Naira against the dollar at both parallel and official markets was commendable and a huge relief to Nigerians.
He said the liberation of the foreign exchange market and the steady appreciation of the Naira would attract foreign portfolio investment, and unlock the huge potentials for investment and restore investors’ confidence in Nigeria’s economy.