This is even as he suggested that the turning points now witnessed in the economy is due to the efforts of just two persons - Aliko Dangote and Allen Onyema, CEO Dangote Group and CEO of Air Peace Airlines, respectively. He said the forex market reacted to Dangote Refinery commencing sales of diesel and Air Peace flying to the UK, as the Naira strengthened against the dollar.
By late 2022, 63% of Nigerians were considered multidimensionally poor. 'Major foreign companies like Procter & Gamble, GSK, and Bayer stopped manufacturing and scaled back operations in Nigeria, due to tough operating environment. This resulted in massive job losses. 'However, there may be signals the economy may be turning? 'Dangote refinery commenced sales of diesel, significantly increasing supply and crashing prices significantly.