In a move to revitalize Nigeria’s economy, President Bola Tinubu inaugurated an Economic Advisory Committee on Sunday.
The committee includes renowned figures like Aliko Dangote and Tony Elumelu. Its primary objective is to assist the administration in addressing the nation’s economic hurdles.
President Tinubu emphasized the importance of this initiative, stating, “The people of this country are our priority. We are deeply concerned about everyone, from students to parents, farmers, and traders. Our goal is to uplift the downtrodden and assure them that economic recovery is imminent. We don’t claim to have all the answers, but we are committed to trying our best to devise a robust economic plan for the nation.”
Following the inaugural meeting, Aliko Dangote expressed his optimism to State House Journalists.
“We had a comprehensive discussion covering the economy, food security, and national security. The committee aims to address various issues, including job creation and economic revival. While I can’t reveal all details, I assure you that we’re on track to revitalize the economy,” Dangote said.
He also highlighted critical discussions on issues like the foreign exchange rate, noting significant progress in this area.
“We’re addressing the artificial and manipulative challenges in the foreign exchange market. Thanks to efforts by the Central Bank of Nigeria, the rate has improved from N1800 to around N1500,” Dangote added.
Tony Elumelu shared his enthusiasm: “The decisions made today are a positive step towards alleviating poverty, creating jobs, and ensuring food security. I leave the meeting optimistic about our country’s future.”
Governor Charles Soludo of Anambra State emphasized the collective responsibility to bolster the national economy.
“With 225 million Nigerians, we have the potential and determination to navigate these turbulent times and achieve sustainable economic growth,” he remarked.
Governor Dapo Abiodun of Ogun State assured that state governors are united in their support for the President’s initiatives.
“We are committed to providing immediate relief through various measures, including affordable food distribution, while we await the impact of the fiscal and monetary policies in place,” he stated.
Segun Ajayi-Kadir, Director-General of the Manufacturers Association of Nigeria, also voiced his confidence.
“The private sector eagerly anticipates the implementation of the decisions made. We expect an improved business environment, addressing challenges like foreign exchange and insecurity. The private sector will play a crucial role in overcoming these challenges,” he concluded.
