Vice President of Nigeria, Kashim Shettima has expressed optimism that the Naira would continue to appreciate against dollar at the forex market.
Spokesman of the Vice-President, Mr Stanley Nkwocha, in a statement on Saturday, said that Shettima stated this at a meeting with officials of the Lagos Chamber of Commerce and Industry (LCCI), at the President Villa, Abuja.
According to Shettima, President Bola Tinubu ended the fuel subsidy and ensured the unification of the multiple exchange rate because the former arrangement was producing billionaires overnight.
“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 said.
Shettima assured that the Tinubu administration is doing its best to address challenges in the power sector, highlighting the quality of leadership provided by President Tinubu as governor of Lagos as gateway to the development of the state.
He emphasized the President’s commitment to development by improving power supply across the nation.
“We are determined to ensure that we generate jobs for our youths. 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.” He said.
Earlier, the President of LCCI, Gabriel Idahosa, emphasised the need for the Federal Government to consider more innovations to address the insecurity challenge in the country.
He 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.
“This could include targeted interventions such as concessional lending facilities, loan guarantees, and interest rate subsidies tailored to the needs of SMEs and key sectors of the economy like agriculture, manufacturing and power technology.” (NAN)