What Tinubu Told Us About Economy- Dangote, Elumelu, Others

Leaders in the organised private sector on Sunday revealed what President Bola Tinubu told them over the troubled country’s economy.

NPO Reports that the President had met businessmen and leaders of corporate interests in the country to intimate them with details of what government has been doing and what other proposals they might have to solve the logjam.

Dangote said after the meeting late Sunday, “I think we had a very good meeting and what we discussed is generally about the economy, food security and security of the nation. We discussed everything in detail,” Mr Dangote said, adding, “There is the economic presidential advisory committee which has been set up and I think this will look at all the issues and address them, coming from job creation, food security, coming from also reflected the economy.”

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“So, all these things they have been discussed in detail. I can’t give you all the details right now, but we are hopeful and we’re a great nation. We have what it takes to turn around the economy and we’re going to do that.”

Also speaking, Chairman of UBA group Tony Elumelu, said he believed that measures being put in place would achieve the desired outcome.

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Alhaji Abdulsamad Rabiu , who is the chairman of BUA group, said what is happening sina case of manipulation of the Dollar by speculators adding that once that is solved the hike will come back.

We discussed how to bring the foreign exchange rate down because we all know that what is happening as regards the foreign exchange is artificial, it is manipulative and thank God the CBN is doing quite a lot,” he said.

“Now, the exchange rate has come down from N1800 to maybe 1600 and N1500 now, and as you all know, everything in Nigeria is indexed to the foreign exchange, especially when it comes to stuff that we import into the country.” He said

Speaking to the corporate giants at the beginning of the meeting, Tinubu said, “

Like I said, many times, the people of this country are only the people who we have to please. And we are very much concerned from students to mothers and fathers, farmers, the traders and realising that every one of us will have to fetch water from the same well,” he said.

⁣”We’re looking for additional efforts that might help the downtrodden Nigerians and we will provide that hope and reassurance that economic recovery is on its way.”

Others at the meeting on Sunday include Governors Dapo Abiodun of Ogun, Charles Soludo of Anambra, and and Segun Ajayi-Kadir, director-general, Manufacturers Association of Nigeria (MAN).