Save your money in Dollars – Reno Omokri advises

Reno omokri
Reno Omokri

Renowned Nigerian writer and lawyer Reno Omokri has advised Nigerians to save their monies in United States Dollars as their currency, the Naira will be depreciating very fast in 2022.

According to the lawyer, the total debt of their country as at today is ₦38.5 trillion with a debt service to GDP ratio as 98% ye their President Mahamudu Bahari is still seeking to borrow more money.

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He explained that due to the excessive borrowing, the Naira can’t sustain its current value as it will have to be massively devalued.


“Our total debt is currently ₦38.5 trillion. And our current debt service to GDP ratio is 98%. It is already one of the world’s highest ever. Yet Buhari wants to borrow ₦12 trillion more. If he does, our debt service to revenue ratio would jump to at least 180%, (Fitch says 395%), which would be the world’s highest.

The Naira can’t sustain its current value. It will have to be MASSIVELY devalued. Not only that, Buhari has no choice but to increase fuel price, which will send inflation skyrocketing. So, save in dollars, or be ruined by Buhari! Why let a man who has used our commonwealth to set up his own family for life, ruin your own family? #TableShaker”



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