Ndubuisi Francis in Abuja
The Chairman of Heirs Holdings and founder of the Tony Elumelu Foundation (TEF), Mr. Tony Elumelu has declared that the Central Bank of Nigeria (CBN) has brought predictability to the foreign exchange (FX) market and that investors are excited by the apex bankâ€™s reforms.
Elumelu, who is one of Africaâ€™s leading entrepreneurs and philanthropists, is confident that the countryâ€™s economic environment will improve soonest.
HeÂ told CNN Moneyâ€™s anchor Maggie Lake on the â€˜Quest Means Businessâ€™ programme that the Buhari administrationâ€™s economic plan will help bring confidence back to the Nigerian economy.
â€œThe central bank has brought predictability to the forex market and investors are excited by the reforms. The Nigerian economy is turning the corner and as an investor, I am optimistic this will continue especially now that thereâ€™s a clear economic recovery and growth plan,â€ he said.
According to him, creating the enabling environment and improving infrastructure like power, will take Nigeria out of poverty and unemployment, while also empowering Nigerian women.
Elumelu, who is also the Chairman of UBA Plc harped on the importance of bringing together government and business leaders to interface on ways to build upon the momentum with a view to further promoting economic growth, and helping the youth.
Popular CNN business journalist, Richard Quest is in Nigeria for a week filming and doing Quest Means Business.
In one of his meetings, Quest canvassed for more youth friendly programmes, noting: â€œThereâ€™s no shortage of entrepreneurs in Nigeria. No shortage of drive or ambition. People are succeeding inspite of government not because of it.â€