Nigerian News

Naira will keep rising against dollar, Tinubu knows the game – VP Shettima

Vice President, Kashim Shettima has assured that the Nigerian currency, Naira will continue to appreciate against the United States Dollar.

Shettima gave the assurance when a delegation of the Lagos Chamber of Commerce and Industry, led by its President, Gabriel Idahosa, paid him a courtesy visit in his office at the President Villa, Abuja.

According to statement by his media aide, Stanley Nkwocha, the Vice Presidentsaid President Bola Tinubu understands the game and would ensure the naira continues to appreciate.

He also said Tinubu had to end fuel subsidy and ensure the unification of the multiple exchange rate because the former arrangement was producing billionaires overnight.

He 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. We will always thank President Tinubu for providing the blueprint for the development of Lagos that we are seeing today.”

In another news…

Nigeria’s Vice President, Kashim Shettima recently gave indications that the worst is over amid the prevailing economic situation in the country.

He spoke during the official launch of the National Design and Innovation Competition at the Presidential Villa, Abuja, where he hailed the role of youths and their creativity in shaping Nigeria’s future.

The vice president declared that “the worst is over,” adding that the naira would continue to stabilise in the coming weeks and months, as “President Bola Ahmed Tinubu is making robust plans to see that all issues of insecurity are addressed.”

Shettima pledged the government’s support for youth aspirations and entrepreneurship, commending the financial institutions’ backing of the creative sector.

He also announced plans to include young innovators in the government’s $617.7 million Investment in Digital and Creative Enterprises (i-DICE) programme.