✓ Sociopolitical critic Reno Omokri suggests not blaming President Bola Tinubu if the naira depreciates further to N2414 to a dollar.
✓ Omokri attributes potential further depreciation to Nigeria’s significant food imports from countries like China and Thailand.
✓ He emphasizes the need to support locally-made goods to reduce dependency on imports, citing Nigeria’s annual $6 billion expenditure on food imports.
✓ Omokri advocates for patronizing Nigerian brands across various sectors, from telecommunications to automobiles, cement, and sports, to strengthen the economy and improve the value of the naira.
DAILY POST
Reno Omokri, a sociopolitical critic, has said Nigerians should not blame President Bola Tinubu if the naira further depreciates to N2414 to a dollar.
Omokri said the rate at which Nigerians import food items from China, Thailand and other countries would further depreciate the naira.
Lamenting that Nigeria spends $6 billion on food importation annually, Omokri harped on the need to patronize locally-made goods.
Posting on X, Omokri wrote: “Nigeria imports almost $6 billion in food annually. And what are we importing? Rice from Thailand that we can grow in Nigeria. Toothpick from China that we can manufacture ourselves. Even annoyingly, we import pizza. What is in pizza that we cannot make ourselves?
