Global investors excited about CBN’s forex policy, —Tony Elumelu

One of Africa’s leading entrepreneur and philanthropist, Mr Tony Elumelu, has said that the Central Bank of Nigeria has brought predictability to the foreign exchange (forex) market, adding that investors are excited by the reforms.

He made this observation while talking with CNN’s Money anchor Maggie Lake  on the ‘Quest Means Business’ program.

The chairman of Heirs Holdings, the United Bank for Africa, UBA and founder of the Tony Elumelu Foundation, TEF, said the Buhari administration’s economic plan will help bring confidence back to the Nigerian economy.

“The Nigerian economy is turning the corner and as an investor, I’m optimistic this will continue especially now that there’s a clear economic recovery and growth plan,” he said.

Elumelu said creating the enabling environment and improving infrastructures like power, will power Nigeria out of poverty and unemployment, while also empowering Nigerian women.

He stressed the importance of bringing together government, business leaders to discuss ways to build upon this momentum to further promote economic growth, and help the youth.

CNN’s business journalist, Richard Quest, who is in Nigeria for a week filming and doing Quest Means Business, in one of his meetings on Friday canvassed for more youth friendly programs.

“There’s no shortage of entrepreneurs in Nigeria. No shortage of drive or ambition. People are succeeding inspite of government not because of it,” the CNN anchor said.