Via Vanguard:
We are talking about how we compete in the world today. You compete by producing something that you export. So we are not doing Akwa Ibom a favour by developing the Deep Seaport, rather Akwa Ibom is offering us a space to develop an export channel which I am going to develop. Akwa Ibom can become a processing centre for export. I want to change it to a processing centre for export. The reason our currency is collapsing today is the function of our reserve, as we have no reserve.
We have a problem because we’re not exporting anything. If you are exporting something, you won’t have a dollar problem. Vietnam doesn’t have a dollar problem, and Malaysia which is less than 50m people does not have a dollar problem. In Nigeria, everybody is waiting to share money from oil. I will remove sharing formula and replace it with the production formula. So we are not going to waste our money.
