“N1,350 to $1”: Reno Omokri Makes Naira to Dollar Exchange Rate Admission

• Prominent social media personality, Reno Omokri, has said one of Africa's largest economies, Nigeria, has "a foisted currency"
• Omokri had reacted positively to the rebound of the naira after the initial turbulence while condemning critics of the Bola Tinubu administration
• Legit.ng reports that market data revealed a fluctuation within the past few days, with the naira hitting N1,350 against the dollar on Thursday, May 2

Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering public economic matters.

FCT, Abuja - Reno Omokri, the outspoken former special assistant on social media to ex-president Goodluck Jonathan, has admitted that the naira "is not where I want it to be".

Legit.ng reports that Omokri made the admission via a post on his verified X (formerly Twitter) page on Thursday, May 2.

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The Peoples Democratic Party (PDP) chieftain stated that he takes solace in the fact that the naira "is not where it was in January".

According to Omokri, as of Thursday afternoon, May 2, the exchange rate was N1,350 to $1.

The 50-year-old projected that the naira "will go up and down".

Omokri wrote:

"I admit that the Naira is not where I want it to be today at ₦1,350 to $1. But at least it is not where it was in January when I started the #GrowNairaBuyNaija initiative. We have a foisted currency. It will go up and down. That is to be expected. What is not to be expected is the likes of Arise TV and Emergency Lovers of Nigeria going gaga when the Naira falls and then going silent when it rises.

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"In good times and bad times, under the sun and under the rain, I will always be for the Naira, so help me God."

More to read about naira and dollar

• Dollar exchange rate: What Tinubu’s govt is doing to make Naira appreciate, reps candidate explains
• “Dollar is falling”: New exchange rate declared as CBN begins another round of sales to BDCs
• Dollar to naira exchange: Nigerian lady visits BDC with her $10 cash, gets N9500 in return

Naira-dollar: Tinubu urged to invest in agriculture

Earlier, Legit.ng reported that Primate Elijah Ayodele declared that the dollar is not Nigeria's problem.

According to Ayodele, President Tinubu should be keen on making Nigeria self-sufficient in food production.

Source: Legit.ng