Categories: Economy

Reasons Behind Incessant Fall Of Naira Against Dollar – Reno Omokri Explains

 

 

 

Nigerian socio-political activist, Reno Omokri has claimed that the Naira is constantly crashing against the US Dollar due to the huge external debt the country is owing.

 

He accused President Muhammadu Buhari of deliberately enslaving the entire nation, alleging that “Buhari has borrowed your destiny and spent it building a $2 billion railway in Niger Republic”.

 

 

In a recent post on his Facebook page, the ex-media aide to former Nigerian President, Goodluck Jonathan, who lamented the level of hardship imposed on Nigerians by some persons in authority, claimed that “Naira is now worth less than the Zimbabwean dollar”.

 

 

The post reads, “In case you don’t know why the Naira is ₦575 to $1, and may soon become ₦1000 to $1, it is because Buhari has increased our total national debt from ₦12 trillion in 2015, to ₦35 trillion today. Things are so bad that even Pastor Adeboye complained about our debt position.

 

 

“Please Google it. Pastor Adeboye was venting his frustration about our debt to his friend. This shameless bambiala called Buhari has borrowed your destiny and spent it building a $2 billion railway in Niger Republic. Wake up and smell the coffee.

 

 

“You and I here can afford to eat, but there are millions going to bed empty because their Naira can no longer buy anything tangible. The Naira is now worth less than the Zimbabwean dollar.

 

 

“If that is okay by you, it is not okay by me. I will fight this man every step of the way until he stops borrowing our destiny away!”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kindly CONTACT US ON 08072633727 📲 whatsApp 📞Also, For your Advert Placement, Media & Publicity, Press Release, Personality Promotion, Special Report, Conference, Interviews, And So On
©VAM News – THE NEWS YOU NEED.
For conveniency, your comfortability, and easy access to the trending and latest info as the news breaks, Kindly DOWNLOAD VAM News @ www.voiceairmedia.com mobile App, Click Link below….https://m.apkpure.com/vam-news-media/com.wVAMNEWSONLINE_8865908

VAM News

Recent Posts

Nigeria reports fresh COVID case

Nigeria has recorded a fresh case of COVID-19. The newest case was confirmed in Cross…

26 minutes ago

Tinubu approves six appointments in key sector

News Update President Bola Tinubu on Wednesday, approved six new appointments in the education sector.…

3 hours ago

Wale Edun breaks silence after President Tinubu removed him as minister

News Update THE outgoing Minister of Finance and Coordinating Minister of the Economy, Wale Edun,…

7 hours ago

Alleged Kidnap Attempt: Hon. Oyewole Aderemi Raises Alarm, Calls for Police Investigation

Hon. Oyewole Aderemi has alleged that he narrowly escaped a suspected kidnapping attempt at his…

20 hours ago

Tinubu Removes 2 Ministers, Elevates Oyedele As Finance Minister

News Update PRESS RELEASE OFFICE OF THE SECRETARY TO THE GOVERNMENT OF THE FEDERATION Tinubu…

22 hours ago

‘Families Must Step Up’ – Ekiti Intensifies Anti-Drug Drive as Stakeholders Demand Rehab Centres

Worried by the growing impact of substance abuse on families and communities, stakeholders in Ekiti…

22 hours ago