Chairman of Capital Oil and Gas, Dr. Ifeanyi Ubah, has said he has an idea on how to restore the value of the Naira, to see it exchange for N200 to $1 in one month but only if the Government consults him.
The business tycoon who was speaking on Channels TV’s “Politics Today”, exonerated Bureau De Change (BDC) operators, saying the continuous fall of the Naira was not as a result of their activities, many of whom he said have been denied their livelihood.
With the naira currently exchanging at N384 to N390 against the dollar, he said: “Look at the economy, look at the position of the naira today; some of us have ideas on how we can restore this,” he said.
“Do you know how many Burea De Change people whose 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?
“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.”
When asked how he would achieve the feat, Ubah said: “Don’t worry, that’s my business and business is secret.”