Billionaire
oil magnate and former Anambra state governorship candidate, Dr.
Ifeanyi Ubah, has boldly stated with detailed information in a new
interview of how his magic wand will crash the Dollar and stabilize
Nigeria's economy.
Speaking in an exclusive interview on AIT television's programme, 'Global Business'
earlier today in Abuja, billionaire businessman and the Chairman of
Capital Oil and Gas Services Ltd., Dr. Patrick Ifeanyi Ubah, believes
the lack of financial stability is the reason the Naira fell against the
Dollar, detailing how he can turn the tide of things for the good of
Nigeria’s economy and the masses.
When he was asked about the reasons why the Naira is not strong compared to the US Dollar currently, the oil magnate said:
"What is lacking in the management of Nigeria’s economy is proper
financial management. It’s about knowing what Nigerians need. This is
why the Naira is weak.
"One major challenge I am facing is that some of my colleagues
do not appreciate me. I have fixed the economy in the past. I am a
critical thinker. I am a product of conflict resolution in all areas of
government. Be it Agriculture, Economy, Aviation and the rest."
The Chairman of Ifeanyi Ubah Football club in Anambra went further
to give insight regarding the cardinal points required to make the Naira
to appreciate against the Dollar and said he is worried by the
continuous fall of Naira and promised to stabilise it within a month.
"These cardinal points are four. They are the Policy Structure,
Information Management, Real Process and Results. These are what we
need to grow the economy. My assets are worth N500billion. I am ready to
stake out this amount of money into the nation’s economy in order to
salvage the country.
"One thing you should know is that my business is not
Dollar-driven. I want to assist the President (Muhammadu Buhari)
regarding making the Naira gain strength against the Dollar. I am ready
to offer consultancy services to the federal government in order to grow
the economy.
"I don’t support importation of goods. The change mantra of
President Buhari should not be only at the federal government level. All
the states governors should also embrace this change. The governors are
not competitive enough. They should not just rely on the federal
government all the time for allocations."
The Publisher of The Authority newspapers, also stated his views
about the petroleum sector and praised the Minister of Petroleum
resources, Ibe Kachikwu for the innovations he has brought since his
appointment, adding his views on all other sundry oil issues likewise.
"I like what the Minister of Petroleum resources is doing
presently. He has brought in new ideas to grow that sector of the
economy. But all the major oil companies are just draining the Nigerian
National Petroleum Corporation (NNPC) without any tangible
infrastructure on ground for over 30 years in Nigeria.
"Who are the those managing the economy? What’s the composition
of the economic management team? All that we have is a problem of
monopoly in each of the sector of the economy. The traders are the most
important to grow the economy in which the government should assist."
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