I Can Boost Nigeria’s Igr By 30 Percent – Ubah Tells Fg
SAN FRANCISCO, March 01, (THEWILL) – Barely a week after announcing his ability to stabilize the exchange rate of Naira to the Dollar at N200 from over N300 within one month, Chairman of Capital Oil and Gas, Dr. Ifeanyi Ubah has told the Federal Government that he has designed a template that can increase Nigeria's Internally Generated Revenue, IGR, by 30 per cent.
The businessman-cum-politician disclosed this in a press statement he issued in Abuja on Monday, stressing that contrary to reports in the media; he is yet to be approached by the Federal Government as regards his claim to end the raging foreign exchange crisis.
Speaking about his new initiative, Ubah said, “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.”
While wondering why the present leadership of the country had not shown any real interest in addressing the challenges currently facing the country, Ubah accused them of politicizing issues of national importance.
According to him, “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 reiterated that his determination to salvage the Nigeria economy from the doldrums was for the sake of posterity and borne out of his deep concern for the Nigerians masses, stressing that “I remain resolutely committed to the Nigerian people, whom I pursue this genuine cause for.”
The industrialist, who clarified that he does not have much need for the dollar in carrying out his businesses, maintained that his loyalty rests with those traders who cannot import anymore because of this outrageous hike in the exchange rate.
His words, “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.”