Reno Omokri Endorses President Tinubu’s Economic Reforms
A former presidential aide, Reno Omokri, has endorsed the economic reforms implemented by President Bola Ahmed Tinubu. Omokri stated that the removal of the fuel subsidy has begun to yield positive results, as the quantity of fuel imported into the country has decreased, and local refining has seen an increase.
During an appearance on “Inside Sources with Laolu Akande” on Channels Television last Friday, Omokri highlighted the effectiveness of the policy on the Foreign Exchange (Forex) market.
Read also:Dollar to Naira, Pounds to Naira, Euro to Naira Black Market Exchange Rates Today March 9, 2024
He asserted that the administration of former President Muhammadu Buhari should have removed the petrol subsidy instead of borrowing over N400bn monthly to sustain it.
Omokri emphasized that all three major candidates in the 2023 presidential poll had promised to eliminate the petrol subsidy. He stated, “So, it amounts to intellectual dishonesty for anybody to claim Nigeria is collapsing.
We are experiencing some positive outcomes right now.”
Continuing, Omokri argued for the necessity to float the naira, emphasizing that multiple exchange rates are not sustainable.
He pointed out that fuel importation has been reduced by more than 50%, indicating the success of subsidy removal. Additionally, local refining has increased by 8%, showcasing tangible results.
Read also:100 Dollars To Naira black market exchange rates March, 9 2024
Regarding the rule of law in Nigeria, Omokri advised the Labour Party (LP) to accept its fate after losing the 2023 presidential election.
He cited the removal of the Humanitarian Affairs Minister, Betta Edu, following fraud allegations as evidence of the existence of a rule of law. Omokri concluded by urging unity and support for Nigeria’s progress post-election.
Stay informed with Ejes Gist News – Your Source for Credible News in Nigeria Now.
