Former Presidential spokesperson, Reno Omokri has advised Nigerians to stop using MTN, DStv, Stanbic IBTC and focus on Nigerian brands to help stabilize the Naira.
Giving this advice in a tweet on Thursday, Omokri explained that as long as foreign conglomerates are repatriating their funds back to their home country, the naira value will continue to decline.
“The only way the Naira will rise in value is if we, as Nigerians, make a deliberate effort to buy Nigeria,” Omokri wrote.
“It does not matter who won the #NigerianElections2023. It could have been Waziri Atiku or Peter Obi. But, so long as MTN Nigeria Limited, DSTV, South African Breweries (SAB miller), Stanbic Merchant Bank and other South African conglomerates in Nigeria are repatriating their profits back home, is as long as the Nigerian Naira will continue to nosedive in value. The same is true for European, American, and Asian companies,” Omokri he added.
The former presidential spokesperson explained that the move will stabilize the country’s currency which will in turn stabilize the dwindling price of fuel across the country.
Improving the value of the Naira has a direct relationship with the price of petrol because currently, Nigeria still imports most of its fuel.
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“Do you know that if all Nigerians stopped using MTN, Airtel, Etisalat, and instead used the only wholly Nigerian-owned mobile service provider, Globacom Nigeria Limited, it would have an IMMEDIATE impact on the value of the Naira and that would, in turn, have a multiplier effect on the price of petrol?” he asked.
He further suggested that “Every time you use an MTN line instead of a Glo SIM to make a call, you are literally saying, ‘South Africa deserves my money better than Nigeria.”
His comments come as Nigerians continues to suffer the impact of the latest hike in the pump price of fuel.
Recall that ThisNigeria had earlier reported that former Kaduna Senator Shehu Sani tied the continued rise in the pump price of fuel to the plummeting value of the Nigerian naira.
The Naira exchanged as high as N820 to a dollar this week, the highest in a long time.
