Nigeria : President Tinubu Sets Economy Revamp Committee

This was after last Sunday’s strategic economic meeting in Abuja with key business magnets.

A Tripartite Economic Advisory Committee has seen the light of day in Nigeria. The committee put in place by President Bola Tinubu on Sunday February 25, 2024 is to help revamp the country’s ailing economy by providing additional efforts in stabilizing the economy and ensuring the best economic future. Speaking during the meeting at State House, the President said, “Let’s look at what we’re doing right and what we’re doing wrong to bring life back to the economy.” He added that, “We are not saying that we have all answers. But we will not be blamed for not trying. We assure Nigerians that we will do our best to get our Marshall Plan in place and fashion out the best economic future for the country,” he reiterated.
Present at the meeting that ended with the creation of the committee comprising representatives from the federal government, sub-nationals and the private sector were, Aliko Dangote, President Dangote Group, Tony Elumelu, Chairman of Heirs Holding and Transcorp Plc, Abdulsamad Rabiu, Chairman of BUA Group, Wale Tinubu, Bismarck Rewane, Femi Otedola and Innocent Chukwuma (Innoson). Also in attendance were, Central Bank Governor Olayemi Cardoso, Dapo Abiodun and Charles Soludo, Ogun and Anambra state Governors respectively. The meeting comes amid economic hardship confronting the country with prices of goods skyrocketing due to a rise in the exchange rate of dollars to naira. Last Friday, February 23, 2024, FMDQ data showed that the naira depreciated to N1, 6665.50 per US dollar from N1, 571.31 on Thursday. 
Briefing the press after the meeting, Aliko Dangote said, discussions with the President focused mainly on food security, ...



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