President Bola Tinubu has set up a tripartite Economic Advisory Committee, comprising the Federal Government, sub-nationals and the private sector as part of efforts at stabilising the economy.
The committee was set up after a ‘crucial’ meeting of the President with some members of the organised private sector at the Presidential Villa in Abuja on Sunday evening.
Those at the meeting were Aliko Dangote, President, Dangote Group; Tony Elumelu, Chairman, Heirs Holding and Transcorp Plc; Abdulsamad Rabiu, Chairman, BUA Group; Wale Tinubu, Bismarck Rewane, Femi Otedola, and Innocent Chukwuma (Innoson).
Also in attendance were Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso; Ogun State Governor, Dapo Abiodun; and his Anambra State counterpart, Charles Soludo.
This is coming amid the economic hardship confronting Nigerians. Speaking at the meeting, Tinubu said the goal is to provide “additional efforts” in stabilising the economy and ensuring the “best economic future” for Nigerians.
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, CBN has 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.
