We Have The Resources To Help Nigeria’s Economy, Bank Of America Tells Tinubu

The Bank of America has told President Bola Tinubu that the forex required to propel the Nigerian economy is in the hands of Nigerians.

The team that met with the President on Tuesday also advised him to tap into the savings in other to finance its projects.

This was part of the deliberations reached during the meeting with the representatives from the BOA led by the President International of Sub-Saharan Africa, Mr. Bernard Mensah; Head of Sub-Saharan Africa, Mrs. Yvonne Ike Fasinro, and Head of Investment Banking Sub -Saharan Africa, Mr. Chuba Ezenwa.

Speaking for the BOA, Mensah hailed the initial steps taken by the president in his first month in office.

Mensah said, “I think we are excited with the new government and some of the early decisions that they have taken. We really are looking to see how we can help. How we can partner. We have a lot of global resources that we think we can help with the Nigerian economy.

“So, we are excited about the initial directives of the government. We think we can help think through the market, we can help think through the financial architecture and structure. We can also help think through things like technology applications. We can think about the whole global debate around climate and how we can bring resources so that Nigeria can take its seat in the globe on these issues.”

Wale Edun who is the Special Adviser in charge of Monetary Policy revealed some of the highlights of the conversation saying that the BOA tasked the Tinubu administration to prioritise technology as a tool for development.

According to Edun, the BOA team pledged to support the Nigerian government with liquidity.