Why It’ll Not Be Easy After May 29 – Shettima

The Vice-President-elect, Kashim Shettima, at an event on Friday has told Nigerians that the incoming administration will not be easy because they would be forced to make hard decisions as regard the economy.
Shettima who said this while addressing guests at the 2023 Presidential Inauguration Public Lecture at the National Mosque, Abuja said subsidy removal and the multiple exchange rate system allowed by the Central Bank of Nigeria (CBN) among others would have to be addressed from the start of the administration.
He further said that the incoming administration does not have the luxury of time to tackle these challenges.

“The starting point might not be rosy, let me be very honest with you. The oil subsidy has become an albatross around our necks. The multiple exchange rates system is a drain on the national economy and creates a dual economic system,” he said.
“As the Chinese will say, ‘The worst curse that a Chinese man may wish on you is for you to live in interesting times.’ And indeed, we are living in interesting times.”
Despite the challenges ahead, the Vice-President-elect assured that his principal, the president-elect will perform based on his capacity.