The Chairman of BUA cement and a major investor, Abdulsamad Rabiu has said that the reforms of President Bola Tinubu is good for the country and will soon begin to yield results.
Speaking in Lagos after meeting President Tinubu Abdulsamad Rabiu said: “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 hitting 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 on Thursday.
