Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), praised President Bola Tinubu’s monetary and fiscal policies for their positive impact on the country’s currency market. Speaking to journalists after paying Sallah homage to the President in Lagos, Kyari highlighted the effectiveness of Tinubu’s policy directives in driving favorable changes in the currency landscape. He expressed confidence in the president’s economic management and noted the increased availability of resources due to improved stability in projects and better pricing in the petroleum export market.
Kyari reiterated NNPC’s commitment to supporting Tinubu’s agenda of delivering gas to both domestic and international markets. He emphasized the corporation’s moral and eternal obligation to serve the country and its leader, affirming the significance of aligning with Tinubu’s vision for the oil and gas sector.
In a related development, Alhaji Rabiu Abdulsamad, Chairman of BUA Group of Companies, expressed optimism about the impact of the government’s economic policies on prices of goods in the country. Abdulsamad, after meeting with President Tinubu, predicted that prices would soon start to decrease as a result of the improved forex situation. He cited examples such as the reduction in diesel prices from N1,700 to N1,200 per liter and the stabilization of the exchange rate, praising the efforts of the Tinubu administration and the Central Bank of Nigeria (CBN) in addressing longstanding foreign exchange challenges.
Abdulsamad emphasized the need for collaboration between the public and private sectors to support the government’s reform efforts, noting the establishment of a committee for this purpose. He called for patience and unity in working towards Nigeria’s economic recovery, acknowledging that reforms take time but are essential for long-term progress.