Managing director/CEO of Capital Oil and Gas, Mr Ifeanyi Ubah, has once again reiterated his conviction to improve the value of the Naira, bringing it to N200 to 1$ if the federal government would oblige him as its chief consultant on Financial Stability.
At a press briefing yesterday in Abuja, Ubah said that as a businessman and an economist, he is pained by the recent dwindling of the naira and promised to revamp the naira in a space of one month, failure upon which he says he will forfeit his over N500 Billion asset.
“Nine years ago, I was able to put up a structure in the downstream sector of the economy that have not being beaten till date, a structure that have continue to above 35% of Nigeria’s daily petroleum consumption, is a feat that has remained unparalleled industry-wide.”
“Nigeria government lacks competitive governance, a situation that has led to monthly revenue allocation to states and thus, nobody thinks. Economy of Nigeria is going down and everybody is feeling it. Nigeria cannot continue to be a salary dependent country, Government needs to start thinking because the change we seek, cannot come from the centre, rather it must come from a state which will fire the spirit of competition among other states.” he said.
To solve the Nigerian question, he said is about courage and patriotism, and all stakeholders must think of the system to adopt to bring back the dollar to N200 to 1$.
