Oyedele Dismisses Trump's Impact on Nigerian Capital Market Fluctuations

Oyedele, head of the presidential committee on tax policy and fiscal reform, dismisses the notion that recent fluctuations in the Nigerian capital market are linked to President Trump's comments on Nigeria. He attributes the market's volatility to regular cycles rather than political influences, emphasizing that Nigeria's capital market remains one of the best-performing globally.

Oyedele notes that investors often capitalize on profit-taking, leading to temporary declines that should not be misinterpreted as panic reactions. He highlights that the recent sell-off is not solely influenced by Trump's comments, stressing that foreign investors have not exited the market amid external political tensions.