Federal government vows to end economic hardship


President Bola Tinubu has assured Nigerians that his administration would do everything in its power to turn around the country’s turbulent economy.

He disclosed this during a tripartite committee meeting with several top business leaders to discuss solutions to Nigeria’s economic challenges.

The high-level meeting, held at the Presidential Villa, Abuja was attended by billionaires Aliko Dangote and Abdul Samad Rabiu, banker Tony Elumelu, Anambra State Governor, Charles Soludo and Ogun State Governor, Dapo Abiodun.

He said restating commitment to end the hardship in the country, president Tinubu assured that the federal government will do everything possible to Marshal Plan in place and fashion out the best economic future for this country.

On his part, Dangote said business leaders are concerned about the need to address issues with the foreign exchange rate, which has contributed to rising prices and economic instability.

He highlighted the creation of a new presidential economic advisory committee that will tackle pressing issues like unemployment and reflect on the economy. 

Also speaking, Abdul Samad Rabiu, also called the discussions open, frank and exhaustive, particularly regarding Nigeria’s problematic exchange rate which he described as “artificial” and “manipulative.”

He said the Central Bank of Nigeria has sought to stabilise the rate after it plunged to as low as N1,800 per dollar.

Abdulsamad said it has recovered to around N1500, but its movements still heavily impact pricing of imported goods.

Tony Elumelu said he left the meeting with a lot of enthusiasm and excitement about Nigeria’s economic future if the decisions reached at the talks are implemented.

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