Monday, October 2, 2023

Alex Otti Spoilt The Good Thing He Did But President Tinubu Should Lead By Example – Reno Omokri

Former Presidential aide, Reno Omokri, has asserted that the Nigerian currency will not increase in value if the citizens continue to purchase foreign goods above local products.

Naija News reports that Reno, in a post via Twitter, made a typical analysis of the percentage of people using the Glo network and other service providers.

According to the Peoples Democratic Party (PDP) chieftain, the Abia State Governor, Alex Otti, did a good job in using Innoson motors for his swearing-in but spoilt it with the recent purchase of Toyota Hilux vehicles to security officials in the state.

Suggesting means of the Naira increase, Reno said the National Assembly should amend the Appropriation Act of 2023 to make it illegal for the Federal, State, or Local Government to buy anything other than Innoson motors or any other made in Nigeria vehicle.

Reno also called on the President, Bola Tinubu to lead by example, including all the thirty-six state governors and their appointees to drive IVM cars, which will reduce the $8 billion Nigeria currently spends importing foreign vehicles annually.

He said, “Only 28% of Nigerians use Glo. 65% of our population uses either MTN, Airtel or Etisalat. How, then, do we expect the Naira to rise? By magic? Don’t you know that part of the reason you are having ₦950 to $1 is because foreign companies repatriate over $8 billion annually from Nigeria to their home countries?

I was in Nigeria this past week, and I inspected Innoson Motors vehicles. They are so affordable, elegant, and aesthetically pleasing. Yet, how many of us drive IVM cars? I commend the Governor of Abia state, Alex Otti, for riding in an Innoson car during his swearing-in. Sadly, he spoilt it by donating twenty Toyota Hilux vehicles to security officials operating in the state.

“President Tinubu should lead by example in that area. It is worthy of note that he is living in a two-bedroom flat.

“Only by replacing foreign goods and services with made-in-Nigeria alternatives, even if they are not as good, can the Naira’s value increase.

“But we don’t have that patriotic spirit. We want to wear footwear made in Italy and Spain and expect our Naira to spin around. Ko le work.

“Mr President, unless and until you change Nigeria’s consumption behaviour by placing a heavy tax burden on foreign goods and services, our Naira will continue to do like Black Maria”

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