The Bank of America (BOA) has expressed its excitement and support for the early decisions taken by President Bola Tinubu to improve the nation’s economy.
The BOA President of International, Bernard Mensah, led a delegation to visit President Tinubu on Tuesday, July 4, 2023, at the Presidential Villa in Abuja.
Mensah said the BOA has a lot of global resources that can help Nigeria in various aspects, such as market evaluation, financial architecture, technology applications, and climate change solutions.
He also suggested that Tinubu’s next big move should be to reduce oil theft by reforming the security sector and involving host communities near the pipelines.
“We are thrilled with the new government and the prompt decisions they have made,” Mensah said. “We are keen to explore avenues for collaboration. Bank of America possesses substantial global resources that we believe can be instrumental in bolstering the Nigerian economy. We are committed to assisting in various aspects, such as market evaluation, financial architecture, technology applications, and the ongoing global discourse on climate change.”
The BOA delegation comprised Mensah, the Head of Sub-Saharan Africa, Yvonne Ike Fasiro, and the Head of Investment Banking in Sub-Saharan Africa, Chuba Ezenwa.
The Special Adviser to the President on Monetary Policy, Wale Edun, also noted the BOA’s observations that Nigerian savings are enough to propel the Nigerian economy, increase employment and reduce poverty.
Edun said the Federal Government will review these observations and develop comprehensive plans to fortify the nation’s economic policies and ensure sustainable progress.
