Vice President Kashim Shettima has expressed optimism about the performance of Nigeria’s currency, the Naira, at the forex market, saying it will appreciate more as the dollar continues to crash.
He says President Bola Tinubu had to end fuel subsidy and ensure the unification of the multiple exchange rate because the former arrangement was producing billionaires overnight.
The VP stated this when a delegation of the Lagos Chamber of Commerce and Industry (LCCI), led by its President, Gabriel Idahosa, paid him a courtesy visit in his office at the Presidential Villa, Abuja.
He noted that those working for President Tinubu knew the challenges ahead and still went round the country campaigning for him because they knew the President is capable of addressing the challenges.
Noting that the Dollar will further crash against the Naira, the Vice President said: “Naira went haywire and some people were celebrating but inwardly we were laughing at them because we knew that we have the leadership to reverse the trend. Asiwaju knows the game, and truly the naira is gaining and the difference will drop further.”
He recalled that the quality of leadership provided by President Tinubu as Governor of Lagos laid the foundation for the massive development witnessed in the State, adding that “we will always thank President Tinubu for providing the blueprint for the development of Lagos that we are seeing today.”
Also Read: VP Shettima Foresees Nigeria’s Economic Surge Under President Tinubu
Power Sector
The VP further assured that the Tinubu administration is doing its best to address challenges in the power sector because it is aware that power is absolutely essential.
“We are determined to ensure that we generate jobs for our youth. Honestly, the president’s obsession is to live in a place of glory, to transform this country to a higher pedestal. He wants to leave a legacy, one of qualitative leadership, because the hope of the black man, the hope of Africa, rests with Nigeria.
“I want to assure you that President Bola Ahmed Tinubu is one of you. He understands your ecosystem. In this government, you have an ally and a friend,” VP Shettima further noted.
Earlier, the LCCI President, Idahosa, presented some of the organisation’s recommendations to VP Shettima, including “more innovations to address the insecurity challenge, considering its multidimensional impact on the economy.”
The LCCI also urged the Tinubu administration to ensure a significant upswing in the pace and scale of alternative policy measures that promote credit access, stimulate investment, and support entrepreneurship.
