Must Read: Why Naira Devaluation Is Good For Nigeria- Reno Omokri Provides Surprising Analysis 

Must Read: Why Naira Devaluation Is Good For Nigeria- Reno Omokri Provides Surprising Analysis ....KINDLY READ THE FULL STORY HERE▶

Written By Oshiobugie Omo-Ikirodah

Reno Omokri, a former presidential aide and prominent social media critic, has shared his perspective on the positive implications of Nigeria’s currency devaluation, particularly for the average citizen.

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Taking to his verified Twitter handle, Omokri highlighted that the devaluation of the national currency would encourage Nigerians to support and export locally-made goods instead of relying on foreign products. He emphasized the importance of choosing “Kano and Aba-made shoes“ over Spanish brands, opting for Akara and pap for breakfast instead of oats, and exporting cassava to countries like China. He also suggested exploring international markets for products such as kponmo (cow skin).

Omokri further drew attention to how the low currency value of Japan has contributed to its strong economy. In conclusion, he urged Nigerians to exercise patience and patriotism while embracing these changes.

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He wrote;

“Naira devaluation is good for Nigeria. Devaluation reduces imports and drives exports. It will reduce our sovereign debt and also make citizens look inward and ignite their creativity. Instead of custard, and Quaker oats, drink akamu, pap, and ogi. If bread is too expensive because of imported wheat, have acara for breakfast.”

“This devaluation should push you to leave Philips iron and go for Igbo made. It is now that Nigeria will begin to appreciate the technological brilliance of our Igbo brothers. Leave Spanish shoes and buy Kano and Aba-made ones. And we will be forced to stop eating kpomo and start exporting it to Italy so that Milan-based designers can use them for jackets, bags, and shoes. We must grow more cassava to meet China’s insatiable demand for that product.”

“Japan has one of the most devalued currencies on Earth. That is one of the reasons you see made in Japan products everywhere. Vietnam studied what Japan did and let its currency float to the US Dollar at the rate of 22,650 Vietnamese Dong to $1, and exports took off, rising by 10.6% in 2022 alone. Is Naira at that level? No! Nigeria has a trade deficit, and this devaluation will help close it. As a country and as citizens, we must stop thinking only about today and think more of the future. Be patriotic. Be patient. Be part of Nigeria’s grass to grace story.”

Source: Bushradiogist