Vice President Kashim Shettima has expressed optimism that Naira would continue to appreciate against dollar at the forex market.
Mr Stanley Nkwocha, spokesperson of the Vice-President in a statement on Saturday, said Shettima stated this at a meeting with officials of the Lagos Chamber of Commerce and Industry (LCCI), at the President Villa, Abuja.
He said President Bola Tinubu ends fuel subsidy and ensure the unification of the multiple exchange rate because the former arrangement was producing billionaires overnight.
Shettima noted that they knew the challenges ahead and still went round the country campaigning they were aware President Tinubu is capable of addressing the challenges.
” 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.
” We will always thank President Tinubu for providing the blueprint for the development of Lagos that we are seeing today.”
Shettima assured that the Tinubu administration is doing its best to address challenges in the power sector.
According to him, Tinubu’s administration is aware that power is absolutely essential.
“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.”
Earlier, the President of LCCI, Gabriel Idahosa, emphasised the need for the Federal Government to consider more innovations to address the insecurity challenge, considering its multidimensional impact on the economy.
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.”