‘Our naira will keep getting devalued if we don’t end fuel subsidy’ –Reno Omokri

‘Our naira will keep getting devalued if we don’t end fuel subsidy’ –Reno Omokri

Former Presidential Aide, Reno Omokri has said that If Nigeria dies not end fuel subsidy, the Naira will keep getting devalued.

He said this in a tweet on Friday.

According to him, “we cannot progress unless we wean ourselves from cheap fuel. And that is why every major political party, with the exception of the NNPP, campaigned that they would remove fuel subsidy IMMEDIATELY they were sworn in.”

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Adding: “So any attempt now to go against President Tinubu’s decision is sour grapes, rather than sound politics.”

He said: “If you want good roads, schools, hospitals, a national railway, and a strong Naira, you will never support Nigeria using $12 billion from her $40 billion annual income to subsidise fuel. Research what cheap fuel has done to oil-rich Venezuela. It ruined their economy, and their currency is literally worth less than tissue paper. Venezuela is now the second most miserable nation on Earth, according to the Hanke World Misery Index. Only Syria is worse. Is that what you want for Nigeria? God forbid!”

Meanwhile, he tweeted that “Nigerians should be demanding not the retention of fuel subsidy but a living minimum wage for our workers.”

‘Our naira will keep getting devalued if we don’t end fuel subsidy’ –Reno Omokri

oasismagazine