Speaking with State House correspondents,in Abuja, Rabiu emphasised that while the decisions made by the government, such as unifying the Naira’s foreign exchange windows and removing subsidies, might be challenging, they were necessary for the country’s long-term economic sustainability.
Rabiu acknowledged the uncertainties and panic surrounding the reforms but assured the public that things were gradually settling, and exchange rates were expected to continue their descent. On BUA’s promise to slash cement prices, he said “it is actually taking effect. The price of cement from BUA Group has been reduced from N4,500 to N3,500 per bag. As a matter of fact, I just discussed the issue of cement with His Excellency, Mr President.