A former President of the World Bank, David Malpass, has lauded the economic strategies employed by President Bola Tinubu since assuming office on May 29.
Malpass took to his official Twitter account to express his appreciation for President Tinubu’s decisive actions aimed at abolishing what he described as Nigeria’s detrimental government subsidy and multiple exchange rates.
In a tweet, Malpass declared that he is glad to see the president taking concrete steps to scrap Nigeria’s harmful government subsidies and multiple exchange rates.
He stated that these are important steps toward currency stability, lower inflation, and reduced corruption in Africa’s most populous country.
Since assuming the presidency, Tinubu has implemented a series of reform measures, with the most prominent one being the removal of fuel subsidy.
The American economic analyst and former government official served as President of the World Bank Group from 2019 to 2023.
He previously served as Under Secretary of the Treasury for International Affairs under Donald Trump, Deputy Assistant Treasury Secretary under Ronald Reagan, and Deputy Assistant Secretary of State under George Bush
