President Bola Tinubu had a “crucial” meeting with some members of the organised private sector on Sunday, at the Presidential Villa in Abuja.
Those at the meeting included President of Dangote Group, Alhaji Aliko Dangote; Chairman of Heirs Holding and Transcorp Plc, Mr. Tony Elumelu; Chairman of BUA Group, Alhaji Abdulsamad Rabiu; Group Chief Executive of Oando Plc, Mr. Wale Tinubu, and other members of the private sector.
This is coming amid the economic hardship confronting Nigerians.
The current hardship is occasioned by the rise in the exchange rate of US dollars to Naira.
At the close of work on Friday, FMDQ data showed that the Naira depreciated to N1,665.50 per US dollar from N1571.31 on Thursday.
Meanwhile, the Central Bank of Nigeria announced draft guidelines in a sweeping policy intervention for Bureaux De Change, including a ban on street trading and a fresh per capita share requirement for registration.
Nigeria has more than enough laws of governance, but lack the capacity to implement & enforce those laws. Where & when it does, the enforcement is selective. Can the President & the enforcement authority deal with those undermining it’s monetary policies?
Let’s watch & see what happens with the street BDC & otherwise.