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Otedola Meets Tinubu In Paris

Otedola said reforms are lifting investor confidence as Nigeria’s reserves reached about $55 billion and the NGX hit record highs, he said.

  • On Monday, business leader Femi Otedola met with President Asiwaju Bola Ahmed Tinubu during a private dinner in Paris, France, while the president continues his working visit to Europe.
  • Otedola praised the administration's "bold and forward-thinking reforms," asserting they have put Nigeria "firmly on a path of sustainable growth" and driven increased investor confidence.
  • Economic indicators cited include top Nigerian firms entering the FTSE Russell Frontier Index and record Nigerian Exchange performance; foreign reserves stand at about $55 billion.
  • President Tinubu has been abroad for about a month following an initial three-week working vacation; the Presidency expects him to return to Abuja shortly to resume official duties.
  • While proponents credit these measures for fiscal consolidation, independent analysts and labour groups emphasize that capital market gains have yet to ease significant food inflation and living costs for citizens.
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Punch Newspapers broke the news on Tuesday, September 29, 2026.
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