By Ade Iyamoye
The Ooni of Ife, Oba Adeyeye Ogunwusi Ojaja II, has praised President Bola Tinubu’s economic reforms, stating that the resulting hardship is easing and investor confidence is rising.
Speaking at the inaugural Nigeria-Kazakhstan Business Council International Conference in Abuja, the monarch highlighted the closure of the 20-year gap between parallel and official exchange rates, describing it as a sign of economic stabilization.
“For the first time in two decades, the exchange rate disparity has been closed. Our capital market is now primed for foreign investments,” he said.
The Minister of Agriculture, Abubakar Kyari, added that food prices have dropped by 40% in the past month, crediting Tinubu’s N200 billion sector intervention and improved harvests for the relief.
He warned against food hoarding, pledging further measures to stabilize prices.
Kazakhstan’s Deputy Foreign Affairs Minister, Alibek Kuantyrov, commended the growing ties between both nations and urged Nigeria to open an embassy to boost diplomatic and economic partnerships.
