ADC campaign challenges Oyedele over warning of ₦4,000/$ exchange rate

Kola Ologbondiyan, media and publicity director of the ADC Presidential Campaign Council, challenged Finance Minister Taiwo Oyedele to publish the economic model behind his warning that restoring fuel subsidies could drive the naira to ₦4,000 per dollar. Ologbondiyan accused the federal government of using fear to stifle debate and demanded the evidence and calculations behind the projection. He called the forecast unrealistic and argued that proposals for production subsidies should be judged on their economic merits. Oyedele had also raised concerns about investors’ perceptions of a possible subsidy return.