Shettima: Petrol subsidy, multiple exchange rates were producing billionaires overnight

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Vice-President Kashim Shettima says President Bola Tinubu ended petrol subsidy and multiple exchange rates in the official market because

they were producing billionaires overnight.

Shettima spoke during a courtesy visit by a delegation of the Lagos Chamber of Commerce and Industry led by Gabriel Idahosa, president of the chamber, in Abuja on April 18.He said the naira will strengthen in the coming days. “Naira went haywire and some people were celebrating but inwardly we were laughing at them because we knew that we have the leadership to reverse the trend,” he said.Meanwhile, Shettima said the present administration is making every effort to address challenges in the power sector because it is aware that power is crucial.“We are determined to ensure that we generate jobs for our youths.

Source: News Formal (newsformal.com)

 

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