How Shettima Laughed Nigeria In Dollar Distress

The vice president of Nigeria, Kashim Shettima, has given assurances that the naira will continue to appreciate in value relative to the US dollar.

Shettima claimed that as the Naira went crazy and some Nigerians were cheering, “they were inwardly laughing.” Shettima stated that because President Bola Tinubu understands the dynamics of the situation and is dedicated to maintaining the appreciation of the country’s currency, the government was unfazed by some residents’ reactions to the Naira devaluation.

THE MATRIX reports that Shettima stated this during a courtesy visit to his office in the Presidential Villa, Abuja, by a delegation from the Lagos Chamber of Commerce and Industry, led by its President, Gabriel Idahosa.

According to a statement from his media aide, Stanley Nkwocha, the Vice President, highlighted Tinubu’s efforts in discontinuing fuel subsidies and unifying the multiple exchange rates, as the previous system had resulted in overnight billionaires.

He said: “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.

“Asiwaju knows the game, and truly the naira is gaining and the difference will drop further.”

The Vice President further emphasized that Tinubu’s leadership as governor of Lagos was instrumental in laying the groundwork for the significant development observed in the state.

“We will always thank President Tinubu for providing the blueprint for the development of Lagos that we are seeing today,” he added.