As the nation’s currency exchanges at N400 to the US dollar on Sunday, billionaire business mogul has said that if the Buhari-led federal government consults him, he could restore the nation’s currency to an exchange rate of N200 to one US Dollar within one month.
Speaking on a Channels Television politics programme on Sunday, billionaire businessman and the Chairman of Capital Oil and Gas Services Ltd., Dr. Patrick Ifeanyi Ubah, has advised the Federal Government to consult some Nigerians who can halt the free fall of the Naira which is affecting the nation’s economy.The Naira currently exchanges at N400 to the US dollar.
The Publisher of The Authority newspapers, said that if the President Buhari-led federal government consults him, he could restore the nation’s currency to an exchange rate of N200 to one US Dollar within one month, thereby arresting the slide in the Naira which is virtually crippling the economy.
The Chairman of Ifeanyi Ubah Football Club, however did not say how he was going to bring the Naira down to an exchange rate of 200 per dollar, but said the government could seize everything he owns if he failed to do this within one month, if given the mandate.
“Look at the position of the Naira today. Some of us have ideas on how we can restore this. 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? 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,” he said
Chief Ubah also affirmed that he was not involved in any way whatsoever in the $2.3 billion Dasukigate arms deal that involved the former National Security Adviser, Col Sambo Dasuki, adding that he was not involved in the politics of contracts and has never done any government contracts, whether at the Federal, state or local government levels.
“I am highly misunderstood, sometimes controversial. But I have never done any government contracts. I did not collect any money from Government; I do not have an oil block – and I have not asked for one.
“I did not know Dasuki. TAN never received money from Dasuki or the People’s Democratic Party. We did what we did in the interest of the nation and for posterity.
“I’m a politician with a mind-set of making life worth living for the people, when issues seem to be getting out of hand. So TAN has no hand in whatever that has to do with the arms deal fund.”
He said following the controversies trailing the #Dasukigate, it has become necessary for him to extricate himself from allegations that himself and the non-governmental organisation, Transformation Ambassadors of Nigeria (TAN), were in anyway involved in the sharing of the arms deal money.