Vice President Kashim Shettima has expressed optimism about the performance of Nigeria’s currency, the Naira, at the forex market, saying it will appreciate more as the dollar continues to crash.
Shettima says President Bola Tinubu had to end fuel subsidy and ensure the unification of the multiple exchange rate because the former arrangement was producing billionaires overnight.
The VP stated this when a delegation of the Lagos Chamber of Commerce and Industry (LCCI), led by its President, Gabriel Idahosa, paid him a courtesy visit in his office at the Presidential Villa, Abuja.
He noted that those working for Tinubu knew the problems ahead and still went round the country campaigning for him because they knew the President is capable of addressing these challenges.
Noting that the Dollar will further crash against the Naira, the Vice President said: “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.”
