Socio-political commentator, Reno Omokri has pointed out things Nigerians must do to ensure that the naira appreciates further than N1300 against the dollar.
The Naira experienced a notable appreciation, reaching N1,245 per dollar in the parallel market on Friday, surpassing the official and Bureau De Change (BDC) segments’ rates.
This comes amid ongoing discussions between the Association of the Bureau De Change Operators of Nigeria (ABCON) and the Central Bank of Nigeria (CBN) regarding foreign exchange (FX) rate adjustments.
According to Omokri, patronising Nigerian-made businesses will help strengthen the naira against the dollar.
The former presidential aide added that the Port Harcourt and Dangote refineries will further improve the naira against the dollar when they begin operations.
He wrote: “Today is April 5, 2024, and the naira remains firm at N1, 245 to $1. Throughout this month, the naira has been below N1300 to a dollar. You and I, engaging in #GrowNairaBuyNaija have put evil N2000 to $1 to shame. If you are one of those who bet against the naira by buying and hoarding dollars, you better convert your dollars to naira before Dangote Refinery and the Port Harcourt Refinery overwhelm Nigeria with inexpensive petroleum products.”
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His recommendations of what Nigerians must do to keep the naira strong are outlined as follows:
Call with Glo
Drive Innoson or Nord
Build with Dangote and BUA
Eat breakfast with Nasco
Lunch and dinner with grown-in-Nigeria rice
Make jollof rice with Erisco tomato paste
Go on dates at Tantalisers and Suya spots
Drink Zobo
Celebrate with palm wine
Fly Air Peace over Air France, KLM, or Lufthansa
Shop at local markets
Eat cassava bread over foreign wheat bread
Watch Enyimba and Kano Pillars
See Nollywood movies at Silverbird
Stream Nigerian music
Wear aso oke, agbada, babanriga, or isi agu
Contrary to online media reports suggesting a CBN rate adjustment for BDCs to N1,190 per dollar, ABCON’s National President, Aminu Gwadabe, clarified that no new changes have been implemented by the CBN.
