President Bola Tinubu is currently holding a crucial meeting with selected members of the organized private sector, including Tony Elumelu at the presidential Villa, Vanguard has reported.
ALSO READ: “Why I’m for suspension of sanctions on Guinea, Mali, Niger, Burkina Faso” – Tinubu
Nigeria has recently been engulfed in economic crisis. Prof. Jibrin Ibrahim, in an article on Friday last week, said “The Tinubu Administration is a fanatic believer in economic liberalism and market forces. Based on its belief, it cancelled fuel subsidy and floated the naira so that it can find its true value. The naira played its part and has been rising steadily desperately searching for its true market value, which it turns out, is still very far away.
“The result is a “misery crisis” as cost of living rise beyond the incomes of ordinary citizens whose naira is too small to enable them purchase food and hunger and anger spreads throughout the land. The President who always tells Nigerians that he understands their pains then offers a solution and orders distribution of free grains from the Strategic Food Reserves. It turned out the civil servants forgot to brief him that the reserves are empty.”
Those at the meeting include the Chairman of the Dangote Group, Aliko Dangote; founder and chairman of BUA Group, Abdul Samad Rabiu; CEO of Oando, Wale Tinubu and the Chairperson of the United Bank for Africa (UBA), Tony Elumelu.
Details later…
