"2K Naira to $1 Prophecy": Ex Presidential Aide Speaks on Power of Patronising Locally made Products

• A former Nigerian presidential aide, Reno Omokri, has said the parallel market rate for the dollar is presently lower than the official rate
• Omokri said the recovery of the naira has economically ruined all those who believed an alleged N2,000 to $1 prophecy
• Legit.ng reports that the value of the naira gained strength on Tuesday, April 16, as it allegedly sold at N1,000 to the dollar at the parallel market

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

FCT, Abuja - Reno Omokri, the former special assistant on social media to ex-President Goodluck Jonathan, has said the patronage of locally-made products against their foreign substitutes is helping to "grow the naira".

Omokri, a member of the Peoples Democratic Party (PDP), said on Tuesday evening, April 16, that the parallel market rate for the dollar is currently lower than the official rate. According to him, "this is unprecedented".

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"Bag of pure water N500, 12kg gas N18k": Man annoyed over rising cost despite naira at N1,000/$1

The diaspora-based social media personality mocked those who are not pleased with the naira rebound.

Omokri tweeted via his verified account:

"Right now, the parallel market rate for the dollar is actually lower than the official rate. This is unprecedented.

"The recovery of the naira has economically ruined all those who believed Arise TV's ₦2000 to $1 prophecy. Many of them bought vast sums of Dollars, thinking the Naira would crash. Even more speculated on USDT via Binance. Today, they are desperate. #GrowNairaBuyNaija is working."

In another tweet on Tuesday night, April 16, Omokri said the dollar is currently exchanged at N1000 to $1.

His wrote:

"Remember how they destroyed your finances by deceiving you into buying Dollars because they said Dollars would soon trade for ₦2000 to $1? Now they are telling you to purchase Dollars again. The dollar that is now ₦1000 to $1."

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"Naira is gradually gaining its power": Lady awed over new price of generator she bought at N350k

What to read about the naira and dollar:

• “Naira will sink”: Nigerians react after Bloomberg raises alarm over depleted external reserve
• Nigeria’s foreign reserves fall to 7-year low as CBN faces new headache to keep dollar at N1,000
• "Bag of pure water N500, 12kg gas N18k": Man annoyed over rising cost despite naira at N1,000/$1

Naira as world's best-performing currency excites Omokri

Earlier, Legit.ng reported that Omokri expressed his delight after an investment banking company, Goldman Sachs, declared the naira as the world’s best-performing currency in April.

Omokri criticised those he insinuated wished the naira to perform disastrously.

Source: Legit.ng