Chairman, Capital Oil and Gas Limited, Ifeanyi Ubah, who says he has the master plan to bring the naira back to about N200 to a dollar in the space of a month, now says he has designed a template to help boost Nigeria’s Internally Generated Revenue (IGR) by 30 per cent.
Ubah, who disclosed this in a press statement on Monday, also said the Federal government has not approached him as regards the foreign exchange (forex).
“It may also interest Nigerians to know that my team and I have also been working tirelessly on a number of issues aimed at fostering the growth and development of Nigeria and her economy.”
“We have designed two templates/systems on how Nigeria’s Internally Generated Revenue can be grown by 30 per cent guarantee. However, we have decided to push our concepts and strategies out in phases. This will come in the next phase of our intervention scheme. I leave this in the hands of Nigerians and for posterity to judge.”
“My pertinent question remains: If the current leadership really cares about Nigeria and Nigerians, why haven’t sincere efforts been made to curb this menace? I have volunteered to serve and vowed to commit everything I have and possess to the success of this cause.
“However, it is distasteful to note that ever since I made an appearance on television on the 21st of February, 2016, the relevant authorities saddled with the responsibility of saving our economy would rather play politics with the issue – an occurrence that is far too frequent and way too detrimental,” he said.
He reiterated his resolve to salvage the Nigeria economy while stressing that his intentions are for the good of Nigerians.
“The desire/motivation to intervene in the current state of affairs in the country emanates from the deep concern I have for the masses and I remain resolutely committed to the Nigerian people, whom I pursue this genuine cause for.”
“My concern lies with those parents who cannot afford to pay the school fees of their children studying abroad or the sick, who on health grounds travel abroad, but find the prices to be paid for treatment too steep as a result of the exchange rate. I am worried for those ICT professionals who need software from foreign countries but have to pay double as a result of the freefall of the Naira,” he added.
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