Nigeria: Cost of Living Crisis - Tinubu Meets With Dangote, Rabiu, Elumelu, Others

President of Nigeria, Bola Ahmed Tinubu.
25 February 2024

The meeting, held at the Presidential Villa Abuja, discussed "the economy, food security and security of the nation," Mr Dangote told journalists after the meeting.

President Bola Tinubu on Sunday met with private sector leaders to discuss the cost of living crisis in the country and efforts to address the problem.

Those at the meeting include Africa's richest man and owner of Dangote industries, Aliko Dangote; industrialist AbdulSamad Rabiu and banker Tony Elumelu.

The meeting, held at the Presidential Villa Abuja, discussed "the economy, food security and security of the nation," Mr Dangote told journalists after the meeting.

According to an official transcript of the meeting, Mr Tinubu told his guests that his government was looking for "additional efforts" that could help poor Nigerians in this difficult period.

"Let's look at what we're doing right and what we're doing wrong to bring life back to the economy. Like I said, many times, the people of this country are only the people whom we have to please. And we are very much concerned from students to mothers and fathers, farmers, the traders and realise that every one of us will have to fetch water from the same well. ⁣

"We're looking for additional efforts that might help the downtrodden Nigerians and we will provide that hope and reassurance that economic recovery is on its way. ⁣

"We are not saying that we have all the answers. But we will not be blamed for not trying. We assure Nigerians that we will do our best to get our marshall plan in place and fashion out the best economic future for this country," the president said.

Speaking at the end of the meeting, Mr Elumelu said "Implementing the decisions we arrived at today will help propel our economy."

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