The Chief Executive Officer and Chairman of BUA cement Abdulsamad Rabiu has commended President Bola Tinubu of his economic policies describing them as good for Nigeria.
The business mogul said that the current administration has been able to unify the exchange rate and it’s commendable.
“You will remember that the exchange rate at N500 and then outside it was N800. That was not acceptable. So that has actually been unified and initially it was quite difficult, we saw the exchange rate at a point hit maybe almost N2000, now it’s finding its balance, we are at about N1,500 – N1,550 naira and I’m sure we’ll see the rate come down even further.
“So I believe that some of these reforms… yes, initially, they were a bit of a challenge, but things are getting much better now, and I’m quite confident and optimistic that things will definitely get better in Nigeria. Mr President is doing a lot, the government is really doing so much to ensure that there is stability within the economy and other sectors of the economy,” Mr Rabiu said after a visit to President Tinubu in Lagos.
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