BUA Group Chairman Urges Patience in FX Market

The Chairman of BUA Group, Abdulsamad Rabiu, just called for some patience from the business community and private companies in Nigeria. He wants everyone to give President Tinubu’s administration a chance to bring stability to the foreign exchange market. I mean, it’s not an easy task, but Rabiu believes it’s the right decision. In fact, BUA Group has already reduced the cost of its cement from N4,500 to N3,500 per bag. That’s a pretty big deal! Rabiu also mentioned that the foreign exchange market is showing signs of improvement. He praised President Tinubu’s efforts to unify the Naira and explained that removing subsidies was necessary because the old system just wasn’t working. So, Rabiu’s message to all of us is to be patient because things will definitely get better. Nigeria has so many resources and with the right support, we can harness them and prosper. Rabiu wants all Nigerians to come together and support President Tinubu in rebuilding the country. And you know what? BUA Group is already making good on its promise to reduce cement prices. They’ve dropped it from N4,500 to N3,500 per bag. That’s a win for all of us!

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