The decision taken by President Tinubu has sparked excitement at the Bank of America (BOA).
A delegation from BOA, led by Mr. Bernard Mensah, the President of International, expressed their enthusiasm for the initial steps taken by President Bola Tinubu during a press briefing at the Presidential Villa in Abuja on Tuesday.
Mensah commended Tinubu for his administration’s efforts to enhance the nation’s economy.
The BOA representatives visited the president to extend their support and offer ideas to advance the market, foster partnerships in new technology applications, address climate change, and deploy global resources to benefit Nigeria.
Their aim was to help Nigeria gain prominence on the global stage in these areas.
“We are thrilled with the new government and the early decisions they have made,” Mensah stated.
“We are eager to explore how we can collaborate. We possess substantial global resources that we believe can contribute to the Nigerian economy. We aim to assist in refining the market, improving financial architecture and structure, exploring technology applications, and engaging in the global discourse on climate change. Our objective is to enable Nigeria to assume its rightful position on the global stage in these matters.”
The delegation included Mrs. Yvonne Ike Fasiro, the Head of Sub-Saharan Africa, and Mr. Chuba Ezenwa, the Head of Investment Banking in Sub-Saharan Africa.
In addition, Mr. Wale Edun, the Special Adviser to the President on Monetary Policy, acknowledged the BOA team’s observations regarding financing and liquidity in foreign exchange being in the hands of Nigerians.
The Bank of America also emphasized that Nigerian savings are sufficient to propel the country’s economy, promote employment, and reduce poverty.
Consequently, Edun mentioned that the Federal Government will consider these observations, recognizing that improving the economy is an ongoing process that requires careful planning to enhance the nation’s economic policies.
