Abdulsamad Rabiu, Chairman of BUA Group, believes President Tinubu’s economic reforms are beneficial for Nigeria, despite initial challenges.
The special adviser to President Tinubu on information and strategy Bayo Onanuga stated this on his x handle.
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He explained that, Abdulsamad praised the unification of the exchange rate, which has stabilized at around N1,500 – N1,550, and expressed optimism that the rate will decrease further.
Rabiu acknowledged that the reforms, including the removal of fuel subsidies and forex unification, were painful but necessary.
He commended the government’s efforts to ensure economic stability and promised that things will improve in Nigeria.
However, not everyone shares Rabiu’s optimism.
Some critics argue that the reforms have worsened the economic situation, with rising inflation and a decline In the value of the naira.
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Others question the government’s approach, suggesting that a more gradual implementation would have been less painful for Nigerians