Real estate entrepreneur, investor, philanthropist, and the Chairman and Group Chief Executive Officer of Prince Luxury Group Omoha Nduka John, fondly known as Prince Omoha has described President Bola Tiunubu’s one-month in office as hugely successful, particularly praising the administration’s decision to eliminate the multiple foreign exchange rates and introduced a unified exchange rate in the country instead.
President Tinubu who was sworn in on May 29, 2023, had in his inauguration speech, eliminated Multiple Exchange Rates, replacing it with a Unified Exchange Rate.
In a Webinar hosted by the Nigeria Entrepreneurship Forum, commended Bola Tinubu’s successful one month in office and praised his quick actions to address the lack of easy access to foreign exchange, describing it as a wish come true for Nigerians and investors.
According to him, the long-standing issue has been a challenge for foreign investors, saying the decision will now unleash foreign investments in the country.
“The free market will bring Devaluation that can make real estate assets and other sectors more affordable for foreign investors, potentially attracting increased foreign investment in the sector. This influx of foreign capital can stimulate development, boost construction activities, and drive market growth.
He regretted that the lack of easy access to foreign exchange and higher exchange in the black market had prevented many investors from dealing with the company which had subsequently slowed the operation of the company over the years.
The award-winning investor said the unification of the exchange rate Will attract foreign direct investment (FDI) and as well boost the Nation’s economy. He further congratulated the newly Appointed service chiefs and urged them to implement a tactics policy to end insecurity in some parts of the country.
“Bola Tinubu Administration so far has improved immensely in Making impactful policies that will subsequently revamp the Economy. I look forward to a tactical policy in the area of insecurity.
You know One thing every investor’s worried about is the safety of their investments, security is like honey it attracts so many good things. Once security is guaranteed, investors will troop in and the economy will skyrocket. It’s as simple as that,” he added.
Prince Omoha, who has proven his mettle in the real estate sector as an astute businessman and investor has many awards and honours to his name.
He has bagged the African Young Entrepreneur and Humanitarian Personality of the Year award (Africa value Awards) as an attestation to his rising profile as a reputable Nigerian.
In the same vein, he has been recognized by the Guardian News Papar as one of the 50 most impactful CEOs that contributed to Nigeria’s GDP growth in 2021.
He also bagged a distinguished Fellow in Corporate Leadership Excellence Award by Ghana CIPRMP (2021 Hall of Fame) as part of his achievements in 2021.