Vice President Kashim Shettima has expressed his belief that the Nigerian naira, will continue to appreciate against the US dollar in the forex market.
According to a statement from Stanley Nkwocha, the vice president’s spokesperson, Mr Shettima made these remarks during a meeting with officials from the Lagos Chamber of Commerce and Industry (LCCI) at the Presidential Villa in Abuja.
He emphasized that President Bola Tinubu’s decision to remove the fuel subsidy and unify the multiple exchange rates aimed to prevent individuals that are illegally benefitting from it as seen under the previous system.
“Naira went haywire and some people were celebrating but inwardly we were laughing at them because we knew that we had the leadership to reverse the trend.
Read Also:
“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 Mr Tinubu as governor of Lagos laid the foundation for the massive development witnessed in the state.
Mr Shettima assured that the Tinubu administration is doing its best to address challenges in the power sector.
According to him, Mr Tinubu’s administration is aware that power is absolutely essential for development.
“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.”
