Rabiu, BUA chairman, urges Nigerians to stay patient, says economy getting better

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Abdul Samad Rabiu, chairman of BUA Group, says he is confident Nigeria’s economy will get better, adding that the dollar against naira was already crashing.

Speaking on the economy, Rabiu said the president, although making difficult decisions, has made the right ones because the way the country had been running up until then was unsustainable. “A lot of issues, uncertainties and panic, that is settling and we’re seeing a situation where the exchange rate is coming down because once it gets to a level where people are not able to afford it, nobody will buy and if you don’t buy, it will come down.

“So all we need to do is to harness these resources that God has endowed us with. I believe that it’s a temporary thing, things will definitely get better, we just need to be patient.”Rabiu also insisted that BUA Group had slashed the price of its cement from N4,500 to N3,500 per bag.of the price of BUA cement as part of its contribution to“It is actually taking effect. The price of cement from BUA Group has been reduced from N4,500 to N3,500 per bag.

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