Nahunger:




They don't know lol...
Aside petrol we import every other thing even pencil, needle and razor blades, toothpick, matches self lol

gotnel:

Just listen to what he is saying.
Forget about him being a runaway fugitive.
Very Very soon, dollar and naira will finally find their real value.
It is already here.
The system is now well regulated

Splashme:
Is Reno an Economist?

How many of his past 'prophesies' since 2015 ever came to pass?

The Naira will only gain further whenever Dangote starts sourcing its Crude from Nigeria and in Naira (not the rubbish Reno is writing)

How could Dangote be buying crude from US and you expect Naira to improve?
.

lesbiconverter:
And reduce your IQ ,abi?

The guy is a dullard. Why didn't he advise his dementia stricken thie.fnubu to fix refineries before removal of subsidy? Instead he placed the cart before the horse.

mariahAngel:
You, come back to Nigeria naa. Yeye!

Dangote has become the owner and saviour of Nigeria we should all rely on.

grandstar:


The jokes on you. All those saying fix refineries first before removing subsidies are not economists but the stakeholders who only want to purchase petrol for close to nothing

No economist supports that notion. It isn't compulsory to fix the refinery first. Actually, removing subsidies and better still, fully deregulating the price will encourage people to build refineries. Nobody is keen on producing a product the government fixes below the market price.

Dangote said had Jonathan succeeded in lifting the subsidy in 2012, he would have commenced his refinery project then.

That is why even though demand for petrol is the highest among the refined products, Dangote has started off by only refining diesel. Government needs to go further and deregulate the price of petrol as it has been done for diesel, kerosene and cooking gas.

mariahAngel:


No Nigerian hates Nigeria.
We all just want a Nigeria that is bearable to live in.

Tinubu is the biggest hater of Nigerians so far, in case you don't know.

Richtaiwo:

No, that's not what he is talking about. He also never said Dangote owns Nigeria. So don't attempt changing what he said out hate for Nigeria. What he said is; change your dollars to naira (that's is you have any) before Dangote refinery products hit the market which will expectedly bring down the dollars.

Bizmart777:


Thank you jare.

I still wonder who takes Reno seriously. Sincerely!

For those believing that naira will appreciate when Dangote's fuel hits the market .. Dey play o!

Wishful thinking is expecting a litre of petrol to drop in price or naira will appreciate when Dangote's fuel hit the market.

What will make a huge difference is if:

1. Dangote sells back to Nigeria in naira

2. Nigeria has enough oil to sell to Dangote without Dangote having to import more oil in dollars from foreign countries.

Without these, Reno and those believing him are jokers

Reflect7:


Because imported US crude oil is cheap. What we were importing was expensive REFINED petroleum products.

So the source of the crude is not that important insofar as it translates to cheaper home grown refined petroleum products and energy.

It’s a reversal of western practices in Africa, where they import our raw materials for cheap, then process and export for massive profits.

That’s exactly what Dangote is doing with US oil.

Badgers14:
I pray for a better Nigeria!!

But when Naira to dollar was N216 to $1.. was dangote selling refined crude oil then?

AmazingGenius:
Social Activist, Reno Omokri, has urged Nigerians to convert their dollars into naira.



https://dailypost.ng/2024/04/03/convert-your-dollars-to-naira-before-dangote-refinery-starts-omokri-to-nigerians/

Bizmart777:


Thank you jare.

I still wonder who takes Reno seriously. Sincerely!

For those believing that naira will appreciate when Dangote's fuel hits the market .. Dey play o!

Wishful thinking is expecting a litre of petrol to drop in price or naira will appreciate when Dangote's fuel hit the market.

What will make a huge difference is if:

1. Dangote sells back to Nigeria in naira

2. Nigeria has enough oil to sell to Dangote without Dangote having to import more oil in dollars from foreign countries.

Without these, Reno and those believing him are jokers

okoroemeka:
And what Mr omokri said was not far from the truth,if the new refinery pumps slightly cheaper products to the markets and stops the importation of hydrocarbons which gulps 40% of forex,you don't need to be an economist to know that dollar will fall when there is 40% less demand

Ikaeniyan0:
more than 65% of what we imported last year was refined petroleum. Just imagine when we stop importing refined petroleum, we will save more than 65% of the dollars we spend on importing refined petroleum.

Richtaiwo:

No, that's not what he is talking about. He also never said Dangote owns Nigeria. So don't attempt changing what he said out hate for Nigeria. What he said is; change your dollars to naira (that's is you have any) before Dangote refinery products hit the market which will expectedly bring down the dollars.

Reflect7:


Reno Omokri is a very intelligent fellow.

I could listen to him all day.