Vice-President Kashim Shettima expressed his positive outlook on the Naira’s performance in the forex market, emphasizing that it will continue to appreciate amid the dollar’s decline. Shettima credited President Bola Tinubu for decisive actions like ending fuel subsidies and unifying exchange rates, which he stated were creating instant Billionaires. The Vice President revealed this in a recent meeting with the Lagos Chamber of Commerce and Industry (LCCI).
According to Shettima, “The dollar will further crash against the Naira.” He elaborated, “Naira went haywire, but we have the leadership to reverse the trend. Asiwaju knows the game, and truly the naira is gaining ground.”
Reflecting on Tinubu’s governance in Lagos, Shettima praised his leadership for laying the groundwork for significant development in the state. He assured the audience that the Tinubu administration is diligently tackling challenges in the power sector, aiming to generate more jobs for Nigerian youths. Shettima reiterated, “The hope of Africa rests with Nigeria.”
During the meeting, LCCI President Gabriel Idahosa presented recommendations to boost credit access, stimulate investments, and support entrepreneurship. These suggestions included concessional lending facilities, loan guarantees, and interest rate subsidies tailored to SMEs and key sectors like agriculture, manufacturing, and power technology.
