Capital Oil and Gas boss, Ifeanyi Ubah in a Channels Television interview, boasted that he knows how to return the Naira to N200 to one Dollar in 30days. The Naira has been fluctuating in recent times, going to an all-time high of N400 to a Dollar last week. In his words:
“Look at the economy, look at the position of the naira today; some of us have ideas on how we can restore this. It won’t take me one month, if Buhari gives me part of that consultancy, and 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.”
The oil mogul also said the Bureau De Change (BDC)dealers are suffering from the current fall of the Naira. This is contrary to beliefs in some quarters that the BDCs are having a swell time and raking in all the profits. He said:
“Do you know how many Bureau De Change people who food has been taken out of their families because of this? If you say they are the ones causing it, then where are you today?”
When asked how he was going to achieve his plan, he said it was a secret. Ifeanyi Ubah is also the Founder and Chief Executive Officer of the Transformation Ambassadors of Nigeria (TAN).