Tony Elumelu explains details of meeting with Tinubu
Nigerian Billionaire Commends Government’s Support for Entrepreneurs
Nigerian billionaire Tony Elumelu, Chairman of the United Bank for Africa, discussed the support for small- and medium-scale entrepreneurs in Nigeria during a recent meeting with President Bola Ahmed Tinubu. Elumelu spoke to reporters at the State House following the meeting on Friday.
He noted that, under Tinubu’s administration, the foreign exchange market has been significantly improved, with effective monetary policies implemented by the Central Bank of Nigeria.
Elumelu emphasized that businesses are now experiencing much easier access to foreign currency, which has contributed to greater stability in the Nigerian economy. “Previously, if I received 10 calls regarding banking issues, seven would pertain to accessing foreign exchange,” he said. “Today, if I get 10 calls, not one is about FX. That market is totally sorted.”
He also mentioned that Tinubu recognized the efforts of the Central Bank’s CEO and expressed a desire for continued support for small- and medium-scale entrepreneurs in Nigeria.
