Nigeria's Oyedele rules out return to fuel subsidies, multiple exchange rates

Taiwo Oyedele, chair of Nigeria's presidential fiscal policy and tax reforms committee, explicitly ruled out reinstating fuel subsidies or multiple exchange rates, reaffirming the government's reform trajectory. This statement signals policy continuity amid domestic pressure for relief, but implementation and political feasibility remain uncertain. It matters as a signal to investors that Nigeria's fiscal and FX reforms will not be reversed.