Economic Hardship: President Tinubu Meets With Dangote, Rabiu, Elumelu, Others

On Sunday, Nigeria’s number one man, President Bola Tinubu had a “crucial” meeting with some members of the organised private sector.

The meeting is held at the Presidential Villa in Abuja.

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Those in the meeting include Alhaji Aliko Dangote, President, Dangote Groups; Tony Elumelu, Chairman, Heirs Holding and Transcorp Plc; Abdulsamad Rabiu, Chairman, BUA Group; Wale Tinubu, and other members of the private sector.

This is coming amid the economic hardship confronting Nigerians.

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The current hardship is occasioned by the rise in the exchange rate of dollars to naira.

Recall that at the close of work on Friday, FMDQ data showed that the naira depreciated to N1,665.50 per US dollar from N1571.31 on Thursday.

Meanwhile, the Central Bank of Nigeria announced draft guidelines in a sweeping policy intervention for BDCs, including a ban on street trading and a fresh per capita share requirement for registration.

Photo Credit: Getty

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