Nigeria’s Finance Minister Taiwo Oyedele said in Bangkok that markets and the international community have largely written off opposition parties as unserious, and are pricing in a second term for President Bola Tinubu and continuity of reforms. He ruled out any return to fuel subsidies or multiple exchange rates, warning that reversing reforms would trigger capital flight and could push the naira to N3,000, N3,500 or N4,000 per dollar. Oyedele said private investment rose from about $300 million in 2023 to $6 billion in 2026, and net reserves climbed from barely $3 billion to over $45 billion. CBN Governor Olayemi Cardoso said policy consistency and transparency are essential to sustaining investor confidence. Meanwhile, the African Democratic Congress (ADC) has asked Tinubu to explain a $12.4 billion gap (about N16.5 trillion) in external accounts identified in the World Bank’s October 2026 Nigeria Development Update.
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Original headline: Oyedele : World Markets Have Written Off Opposition , Eyeing Tinubu 2nd Term – THISDAYLIVE
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