JUST IN: Otedola Supports FG’s Windfall Tax On FX Gains Of Banks

FBN Holdings Appoints Five New Directors As Otedola Takes Over
FBN Holdings Appoints Five New Directors As Otedola Takes Over

Nigerian businessman and Chairman of Geregu Power Plc, Femi Otedola has expressed his support for the implementation of federal government’s windfall tax on foreign exchange (FX) gains of banks.

Gatekeepers News reports that Otedola revealed his stance through a statement released on Wednesday.

He said revenues generated from the policy can be channelled into essential public services such as healthcare, education, and infrastructure, benefiting all citizens and helping to reduce social inequalities.

This is a developing news…