President Bola Tinubu has named the Chairman of United Bank for Africa (UBA), Tony Elumelu, the Chairman of Dangote Group, Aliko Dangote, and the Chairman of BUA Group, Abdulsamad Rabiu, in the economic advisory committee set up for the recovery of Nigeria’s economy.
The Star had reported that Tinubu, on Sunday, February 25, 2024, created the economic advisory committee comprising the federal government, sub-nationals, and the private sector.
Some of the prominent members of the private sector who made the list include Dangote, Elumelu, and Rabiu.
Speaking with journalists after the meeting, Dangote disclosed that the committee deliberated on issues concerning the economy, food security, in security, and job creation.
He expressed confidence that Nigeria and Nigerians have the potential to be great once again, adding that the nation is on the path of transformation.
Tinubu sets up economic advisory committee
On his part, Rabiu said the meeting dwelt on issues about the foreign exchange rate and its reduction.
“We discussed on 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,” the billionaire businessman said.
Also speaking, Elumelu, who is also the Chairman of Heirs Holdings, said the various discussions and solutions would reshape the country, alleviate poverty, create employment, and put food on the tables of Nigerians.
The Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, stated that the private sector was looking forward to implementing the decisions taken at the meeting.
He said: “The issues surrounding foreign exchange, insecurity and general operating environment were discussed and we received the assurances of Mr. President that very soon we are going to start to see some major changes.
“I think in the advisory committee that has been formed, the private sector will play a very significant role, and Nigerians, going forward should be hopeful that we are having solutions to the challenges that we have.”
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