Seize My Properties If I Fail To Turn N200 To $1- Ubah
- Jumai
- Feb 24, 2016
- 1 min read
Ifeanyi Ubah, the managing director/CEO of Capital Oil and Gas, has once again restated his earlier stance to improve the value of the Naira, vowing to bring it to N200 to $1 if the federal government would give him the opportunity to become its chief consultant on financial stability.
The business tycoon said this on Tuesday, February 23, in Abuja at a press briefing. He said as a businessman and an economist, he is worried by the continuous fall of Naira and promised to stabilize it within a month, adding that failure to delivery on this promise, his asset worth over N500 billion should be forfeit.
Ubah said: “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.
“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 pointed out to be able to achieve this feat, it about courage and patriotism stating all stakeholders must think of the system to adopt to bring back the dollar to N200 to $1.
