Abuja, April 20, 2024 – Vice Preside Kashim Shettima on Saturday expressed optimism that the Nigerian currency, naira, will continue at appreciate against the dollar in the foreign exchange market.
He said this when a delegation from the Lagos Chamber of Commerce and Industry (LCCI) led by its President, Gabriel Idahosa, paid him a courtesy visit at the Presidential Villa, Abuja.
Shettima said the Tinubu administration’s decision to end fuel subsidy and unify the multiple exchange rate was necessary to address the challenges facing the country.
“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 recalled the quality of leadership provided by President Tinubu as Lagos Governor laid the foundation for the massive development witnessed in the State, adding:
“We will always thank President Tinubu for providing the blueprint for the development of Lagos that we are seeing today”.
He said the administration was also working to address challenges in the power sector and generate jobs for youths.
“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,” Shettima further noted.
The LCCI delegation presented recommendations to the VP, including the need for more innovations to address insecurity and promote credit access, stimulate investment, and support entrepreneurship. (GBN)
