President Bola Tinubu on Sunday evening set up a tripartite Economic Advisory Committee comprising the Federal Government, sub-nationals and the private sector.
This is part of measures to tackle the ongoing hardship in the country occasioned by fuel subsidy removal and the fall in naira.
The setting up of the committee was the outcome of Tinubu’s meeting with key players in the private sector on Sunday evening.
President Tinubu “crucial” meeting with some members of the organised private sector held at the Presidential Villa in Abuja.
Those in the meeting include Alhaji Aliko Dangote, President, Dangote Groups; Tony Elumelu, Chairman, Heirs Holding and Transcorp Plc; Abdulsamad Rabiu, Chairman, BUA Group; 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 dollars to naira.
Recall that 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 BDCs, including a ban on street trading and a fresh per capita share requirement for registration.
