During a public lecture and Juma’at prayer at the National Mosque in Abuja, the vice president-elect, Kashim Shettima, highlighted two major challenges that the incoming administration would face. Shettima expressed concerns about the removal of petrol subsidy and the elimination of multiple exchange rate systems, which he believed would pose initial obstacles to Bola Tinubu’s administration.
Shettima assured the audience that although the starting point might be challenging, Nigeria would eventually recognize and commend their efforts. He emphasized that the burden of oil subsidy and the drain caused by the multiple exchange rate system were significant issues affecting the national economy. While acknowledging that the president-elect would make certain decisions, Shettima remained optimistic that Nigerians would not only come to appreciate their actions but also celebrate them in due time.
“Be rest assured that in the fullness of time, Nigeria will pay glowing tributes to us. The starting point might not be rosy, let me be very honest with you. Oil subsidy is an albatross on our neck, the multiple exchange rate system is a drain on the national economy. There are certain decisions the president-elect will take, but in the fullness of time, Nigerians will not only appreciate, but also celebrate us,” Shettima said.
