Convert Your Dollar to Naira Now – Reno Omokri Tells Nigerians

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Reno Omokri, a controversial social critic, has advised Nigerians holding dollars to convert to naira.

According to him, the naira’s value would rise much more after the Dangote Refinery begins operations and Nigeria stops importing gasoline.

Omokri expressed this in a post on his official X page.

He wrote:

“If you bet against the Naira because of the evil ₦2000 to $1 prophecy, just face it that you have lost the money you intended to make by economically exploiting Nigeria. 
“But if you wait until Dangote Refinery starts selling every petroleum product needed in Nigeria, including Premium Motor Spirit, Diesel and Aviation Jet A1 fuel, you will lose even more. Once Nigeria stops importing fuel, the Naira will rise even more dramatically.
“Count your losses. Convert your Dollar to Naira now or prepare to holler by May 2024, when Dangote Refinery will flood the market with inexpensive petroleum products. #GrowNairaBuyNaija”

In other news, Reno Omokri, a former presidential assistant, has urged Nigerians to blame former President Muhammadu Buhari for the country’s current misery.He accused Buhari of wrecking Nigeria’s economy during his eight years in power.

Recall that by the conclusion of Buhari’s mandate in May 2023, Nigeria’s debt had nearly quadrupled from 18% to 35% of GDP.

The Daura-born politician left inflation at 22.4%. The economic suffering has persisted throughout President Bola Tinubu’s government, exacerbated by the elimination of gasoline subsidies and the unpredictable currency rate.

And Omokri feels the guilt should go on Buhari, whom he accuses of running a criminal operation rather than a legitimate administration.

Omokri stated in a Monday morning post on X:

Buhari Destroyed The Economy. Tinubu Is Trying to Restore It. That’s just the honest truth. Even our oil sales are useless to us now, because Buhari sold them in advance and pocketed the money.
“This is because he borrowed more than all past governments combined, until our debt service to revenue ratio was so high that even China stopped lending us money.
“The exchange rate was being subsidised with $1.5 billion every month. What you saw then was not Naira’s actual value.
“Buhari lied to you about our foreign reserve position. Those funds had been used to guarantee loans and purchases. Long and short of it all is that Buhari would have jailed President Jonathan if Dr Jonathan had done half of what Buhari did. Buhari did not run a government. He ran a criminal enterprise that turned his former recharge card selling nephew into an overnight private jet flying multi-billionaire.
“We, in the opposition know this. But some of us are playing politics with it because they lost the 2023 election, and as far as they are concerned, if they did not win, Nigeria must collapse.”
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