Keep up with the latest news and be part of our weekly giveaways and airtime sharing; follow our WhatsApp channel for more updates. Click to Follow us

Tony Elumelu, a Nigerian billionaire and Chairman of the United Bank for Africa, has clarified that President Bola Ahmed Tinubu expressed his approval of the private sector’s efforts to assist small- and medium-scale entrepreneurs in the country.

After meeting with Tinubu on Friday, Elumelu addressed journalists at the state house.

He clarified that under President Tinubu’s administration, the foreign exchange market in Nigeria has been “totally sorted,” with the Central Bank of Nigeria guiding monetary policy.

He states that businesses no longer suffer from the challenges that used to define dollar access, leading to a more predictable and stable Nigerian economy.

“There was a time before when if I got 10 calls on banking issues, seven of those calls were about how to access foreign exchange.

“Today, if you get 10 calls on banking issues, not even one is on FX. That market is totally sorted,” he said.

“He even called the name of the CEO, that he likes what is going on, and he wants them to do more to support small and medium-scale entrepreneurs in the country,” Elumelu added.

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post.