Africa’s richest man, Aliko Dangote on Friday visited President Bola Tinubu amidst sweeping economic reforms in the world’s largest black nation, Nigeria.
Tinubu, sworn-in on 29 May, 2023 has hit the ground running, initiating painful economic reforms, which many believe will reverse the downturn the nation has experienced in the last eight years.
He became president amidst massive opposition by a group known as ‘Obidients’ but the gang-up failed as he defeated the oppositions to become president.
On swearing-in day, his pronouncement on fuel subsidy removal shook the nation, with queues resurfacing in many petrol stations, culminating in hiking of prices of petroleum products.
He suspended the nation’s apex bank chief, Godwin Emefiele, a decision that earns him accolades from Nigerians.
Dangote visits Tinubu in Abuja
Tinubu and Dangote
Few days later, the head of the nation’s anti-graft agency, Abdulrasheed Bawa was also suspended and is facing serious grilling in the hands of Nigeria’s secret police over accusation of graft.
In the midst of the happenings, the Central Bank of Nigeria directed Deposit Money Banks to remove the rate cap on the naira at the Investors and Exporters’ (I&E) Window of the foreign exchange market.
Amidst these reforms, Dangote visited on Friday, but details of the meeting were unknown as at press time, but it might not be unconnected with the nation’s economy, which may also affect his businesses.
