Popular business mogul and Chairman of Capital Oil and Gas Dr. Ifeanyi Ubah, have boasted that he is capable of bringing dollar down to 200 naira if given the chance to do so.
Ubah disclosed this during an interview with Channels TV yesterday, Sunday February 20, 2016, that if the President Buhari would consult him, he has the business acumen and plan to bring the naira back to about N200 to a dollar, he said Bureau De Change is not the cause of Dollar rise .
In his words; “Look at the economy, look at the position of the naira today; some of us have ideas on how we can restore this. Do you know how many Burea 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.”
Ubah however, did not reveal how he intends to achieve this feat if called upon. He simply said: "Don’t worry, that’s my business and business is secret."
This won't be the first time this philanthropist have been involved in issues like this; he was given a go ahead about 2 years ago during kerosine scarcity to provide solution and he came up with a term he call "Kero-Direct" which alleviated the sufferings of many Nigerians at the time.