Mr. Reno Omokri, former aide to ex-President Goodluck Jonathan has berated President Muhammadu Buhari‘s administration for the inability to stabilize the Nigeria’s economy.
The author who took to his verified Twitter account to lambaste President Buhari, wondered why the Naira (Nigerian Currency) continues to depreciate everyday against the US dollar.
According to Omokri, since President Buhari took over the mantle of leadership in the country, Naira which now exchanged at ₦570 to $1 – has continued to depreciate to the extent that it has a different rate in the morning, afternoon and evening, everyday.
“It is only under Buhari that Naira has become so unstable that it has morning rate, afternoon rate and evening rate”, Reno Omokri tweeted.
He said despite the Naira depreciation, the National Assembly still approves the President’s bid to keep on borrowing, while he has little or nothing to show for it.
“Yet he (President Buhari) want to borrow $4 billion and €700 million more. And this rubber stamp NASS and the overfed Lawan will allow him”, Omokri stated.
On another tweet, Reno Omokri said before Buhari took over from Jonathan, Nigeria has a debt of ₦12 trillion, but today, under the present government, the country is owing a debt of ₦36 trillion.
“on May 29, 2015 when Buhari took over from Jonathan, Nigeria owed ₦12 trillion, meaning each Nigerian owed ₦60k. Today, we owe ₦36 trillion. Meaning each of us owes ₦180k. If this new $4 billion and €700 million loan request is granted, we will each owe ₦220k!
