Popular US-based Nigerian author and social media influencer, Reno Omokri, is urging Nigerians to support Nigerian-made products in order to increase the value of the Nigerian currency against foreign currencies. Omokri believes that Nigeria’s lack of export commodities and Nigerians’ failure to buy locally-made products are contributing to the depreciation of the naira’s value. He also stated that he is personally taking steps to improve the value of the naira by ordering Nigerian goods for export. Omokri emphasized the need for Nigerians to sacrifice their preferences and support local brands to boost the country’s economy and increase the value of the naira.
Renowned Nigerian author and social media influencer, Reno Omokri, has called on Nigerians to support and purchase Nigerian-made products. He believes that doing so will help strengthen the value of the Nigerian currency against foreign currencies.
Omokri made this plea in a post on his official social media handle. He highlighted that the depreciation of the naira in the global market is due to Nigeria’s lack of export commodities and the reluctance of Nigerians to buy locally made products.
He emphasized that unless Nigeria improves its balance of trade by exporting goods made in the country, the value of the naira will continue to remain low. As a patriotic citizen, Omokri shared that he is taking steps to contribute to the improvement of the naira’s value. He recently visited Nigeria and ordered some Nigerian goods to be taken to the United Kingdom where he resides.
In his post, Omokri stated, “Currently, $10 billion is repatriated out of Nigeria annually by providers of foreign goods and services, like MTN, DSTV, Shoprite, British Airways, Lufthansa, and Toyota, to mention a few. It is okay when companies like Siemens do it because we need them and we do not have a made-in-Nigeria alternative. But it is economic sabotage against Nigeria to use a foreign-made good or service when you have a Nigerian option.”
Omokri called on Nigerians to follow the example of other nations who sacrifice their preferences to support locally made products. He believes that by doing so, Nigerian brands can improve and possibly surpass international brands. He urged Nigerians to avoid negative comments about Nigerian products and instead support and promote them.