Mr Tinubu stated that the protest was needless.
Mr Tinubu signed the Finance Act Order on July 6, 2023, and it became effective September 1 of the same year.
The committee chairman also claimed that the NAFDAC boss’s action suggested insensitivity to the plights of Nigerians.
An economist, Chijioke Ekechukwu, says foreign exchange (forex) is not the only determinant of high prices of goods and services.
CBN’s data indicates that overseas remittances rose to $1.3 billion in February, more than four times the $300 million received in January.
It added that all BDCs should sell to end-users at a margin not more than one per cent above the purchase rate from CBN.
“I hear things like scarcity of forex. What is scarcity of forex, as if the world owes us any forex? The world does not owe us any forex.”
He said Nigeria must also ensure increased productivity in agriculture and in other sectors to fight the rising inflationary rate.
With a variety of branded giveaways and raffle prizes, the Admirals launch event was designed to be a fun and engaging experience for the participants.
Mr Osatuyi said the government was finding it challenging to continue subsidising the price of petrol and advised that the downstream of the petroleum sector be fully deregulated.
