The Managing Director/CEO of Capital Oil and Gas, Dr. Ifeanyi Ubah, has said if consulted by the federal government, he can proffer solution to the high exchange rate of the Naira to the U.S Dollar.
Last Friday, the Naira was N390 to $1 after peaking at N400 the previous day. The Nigerian currency, however, showed signs of recovery on Monday as it dropped slightly to N378/$1.
Speaking during an interview on Channels Television yesterday, Mr. Ubah said if given the opportunity to advise government, he would bring down the exchange rate to N200/$1 in less than a month.
“Look at the position of the Naira today. Some of us have ideas on how we can restore this. Do you know how many Bureau De Change people who food has been taken out of their families because of this?” the billionaire businessman said.
“If you say they are the ones causing it, then where are you today? It needs strategic management. It won’t take me one month, if you give me part of that consultancy, Naira would come back to 200. I can bet my life with it. Naira would come back to N200. If you call me for that consultancy, I would put Naira back to 200”, Mr. Ubah boasted.