POLITICS

Seize My Assets if I Fail to Make $1 to N200 – Ifeanyi Ubah

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Managing director/CEO of Capital Oil and Gas, Mr Ifeanyi Ubah, has once again reiterated his conviction to improve the value of the Naira, bringing it to N200 to 1$ if the federal government would oblige him as its chief consultant on Financial Stability.

At a press briefing yesterday in Abuja, Ubah said that as a businessman and an economist, he is pained by the recent dwindling of the naira and promised to revamp the naira in a space of one month, failure upon which he says he will forfeit his over N500 Billion asset.

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“Nine years ago, I was able to put up a structure in the downstream sector of the economy that have not being beaten till date, a structure that have continue to above 35% of Nigeria’s daily petroleum consumption, is a feat that has remained unparalleled industry-wide.”

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“Nigeria government lacks competitive governance, a situation that has led to monthly revenue allocation to states and thus, nobody thinks. Economy of Nigeria is going down and everybody is feeling it. Nigeria cannot continue to be a salary dependent country, Government needs to start thinking because the change we seek, cannot come from the centre, rather it must come from a state which will fire the spirit of competition among other states.” he said.

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To solve the Nigerian question, he said is about courage and patriotism, and all stakeholders must think of the system to adopt to bring back the dollar to N200 to 1$.




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