{"id":91176,"date":"2023-06-30T10:28:49","date_gmt":"2023-06-30T09:28:49","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu"},"modified":"2023-06-30T13:01:30","modified_gmt":"2023-06-30T12:01:30","slug":"forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu","title":{"rendered":"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>President Bola Ahmed Tinubu has said he could have chosen to maintain the hitherto multiple foreign exchange systems and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial haemorrhage.<\/p>\n

Dele Alake, the Special Adviser, Special Duties, Communications and Strategy to the President, disclosed this in a statement on Thursday.<\/p>\n

He said Tinubu was speaking at a civic reception organised in his honour by the Lagos State Government at the Lagos House, Marina.<\/p>\n

Tinubu said he decided that forex unification was in the nation\u2019s best interest, just like he did with fuel subsidy removal.<\/p>\n

\u201cI could afford to share the benefit by participating in the arbitrage, but God forbid! That\u2019s not why you voted for me,\u201d he said.<\/p>\n

The President said it was imperative to take those decisive actions in the early days of his administration.<\/p>\n

\u201cWe need to stop the bleeding of our finances through speedy action on fuel subsidies. We have no choice,\u201d he said.<\/p>\n

Recall that the Central Bank of Nigeria had announced operational changes to the foreign exchange market, leading to the floating of Naira in the Investors and Exporters window.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. President Bola Ahmed Tinubu has said he could have chosen to maintain the hitherto multiple foreign exchange systems and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial haemorrhage. Dele Alake, the Special Adviser, Special Duties, Communications and Strategy to the […]<\/p>\n","protected":false},"author":84,"featured_media":91175,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,10744,254,945],"class_list":["post-91176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-forex-disparity","tag-nigeria","tag-tinubu"],"yoast_head":"\nForex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu - Nigeria<\/title>\n<meta name=\"description\" content=\"President Bola Ahmed Tinubu has said he could have chosen to maintain the hitherto multiple foreign exchange systems and ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu\" \/>\n<meta property=\"og:description\" content=\"President Bola Ahmed Tinubu has said he could have chosen to maintain the hitherto multiple foreign exchange systems and ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-30T09:28:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-30T12:01:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1688110162.232688.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1424\" \/>\n\t<meta property=\"og:image:height\" content=\"802\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu\",\"datePublished\":\"2023-06-30T09:28:49+00:00\",\"dateModified\":\"2023-06-30T12:01:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu\"},\"wordCount\":220,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1688110162.232688.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Forex disparity\",\"Nigeria\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu\",\"name\":\"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1688110162.232688.jpg\",\"datePublished\":\"2023-06-30T09:28:49+00:00\",\"dateModified\":\"2023-06-30T12:01:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"President Bola Ahmed Tinubu has said he could have chosen to maintain the hitherto multiple foreign exchange systems and ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1688110162.232688.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1688110162.232688.jpg\",\"width\":1424,\"height\":802,\"caption\":\"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu - Nigeria","description":"President Bola Ahmed Tinubu has said he could have chosen to maintain the hitherto multiple foreign exchange systems and ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu","og_locale":"en_US","og_type":"article","og_title":"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu","og_description":"President Bola Ahmed Tinubu has said he could have chosen to maintain the hitherto multiple foreign exchange systems and ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu","og_site_name":"Nigeria","article_published_time":"2023-06-30T09:28:49+00:00","article_modified_time":"2023-06-30T12:01:30+00:00","og_image":[{"width":1424,"height":802,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1688110162.232688.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu","datePublished":"2023-06-30T09:28:49+00:00","dateModified":"2023-06-30T12:01:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu"},"wordCount":220,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1688110162.232688.jpg","keywords":["Africa Press","Africa Press-Nigeria","Forex disparity","Nigeria","Tinubu"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu","name":"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1688110162.232688.jpg","datePublished":"2023-06-30T09:28:49+00:00","dateModified":"2023-06-30T12:01:30+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"President Bola Ahmed Tinubu has said he could have chosen to maintain the hitherto multiple foreign exchange systems and ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1688110162.232688.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/06\/sm_1688110162.232688.jpg","width":1424,"height":802,"caption":"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/forex-disparity-god-forbid-that-i-participate-in-the-arbitrage-tinubu#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Forex disparity: God forbid that I participate in the arbitrage \u2013 Tinubu"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/91176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=91176"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/91176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/91175"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=91176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=91176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=91176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}