₦airaland Forum

Osun Economy is in Shambles under Ademola Adeleke – Reno Omokri

Reno Omokri, an erstwhile spokesperson to former president Goodluck Jonathan has blasted Nigerian music star, David Adeleke, popularly known as Davido over his claim that Nigeria’s economy is in shambles. Reno disagreed with David stating that Nigeria’s economy have faired better under President Bola Ahmed Tinubu while same cannot be said of the local economy of Osun State under the leadership of Davido’s uncle, Senator Ademola Adeleke. In Reno’s words, “I beg to disagree with singer Davido that Nigeria’s ‘economy is in shambles’. If our economy is in shambles, how was it possible for Wizkid’s album, Morayo, to record 12.12 million streams on its inaugural day of release on Spotify Nigeria, which made the album the biggest-selling album on a streaming platform in Nigeria’s history for the first day. Please fact-check me: Streaming music is purchased with disposable income. People do not have disposable income in an economy in shambles, not to mention breaking streaming records, especially on Spotify, where the average streaming cost is $10.99 monthly. How many singers have broken streaming records in Venezuela or Argentina? Those are economies that could be said to be in shambles, not Nigeria. Perhaps if Davido had built a track record of showing more commitment to Nigeria, he, like Wizkid, would have broken streaming records on Spotify Nigeria. I urge Davido to learn from Rihanna, who never talks down on her country and instead uses her celebrity to promote Barbados and project her positively to the world. Which is why Rihanna was named a national hero and cultural ambassador for Barbados in 2018. David Adeleke displayed ignorance and a lack of patriotism with that statement on a globally renowned podcast like The Big Homies House. Even worse is that he said “We do not have the best leader, that is a fact.” It is rather disappointing for a young man whose uncle is a governor and should, therefore, know better. Even worse, he said that to a foreign audience in a foreign country. Davido may have US citizenship, but that does not mean he should de-market Nigeria. The reforms in Nigeria were necessary to stop wastage, such as the $1.5 billion used to defend the Naira monthly, the $15 billion expended on fuel subsidy annually, and the wanton importation of products that we could manufacture in Nigeria by opportunistic importers. And the reforms are working. Nigeria has had four uninterrupted consecutive quarters of trade surpluses for the first time ever, meaning that we now export more than we import. Nigeria has achieved a new record in its balance of trade, with an unprecedented ₦14.07 trillion trade surplus by half year 2024. On Thursday, March 28, 2024, the Nigerian Stock Exchange crossed 104,562.06 All Shares Index, a 39.84% increase year-to-date, making it the second-best performing exchange in Africa. The reforms have come with some short-term challenges, which are understandable. Nevertheless, steps have been taken to cushion their effect on Nigerians and raise their purchasing power, including the increase of the minimum wage by 140% from ₦30,000 to ₦70,000, which is probably why our youths had the power to help Wizkid break streaming records. Student loans have also been introduced for both students of federal and state-owned tertiary institutions for the first time in Nigeria’s history, even as conditional cash transfers have been paid and are still being paid to the poorest of the poor in Nigeria. And it may be that his personal experience in Osun State has made Davido take such a position. After all, Osun State, under the dancing Governor, Senator Ademola Adeleke, was one of the last states to increase their minimum wage to match up with the Federal Government’s new minimum wage, despite receiving 65% more federal allocation under the Tinubu government. If that is the case, then Davido may want to specify that Osun’s local economy is in shambles, not Nigeria’s.”



Read more: https://standardpost.com.ng/osun-economy-is-in-shambles-under-ademola-adeleke-reno-omokri/

Adeleke destroyed Osun State economy no be small. Imagine food inflation is at 35% increased in Osun State.
Meanwhile, Massive Youths Protests in Ido-Osun against the relocation of AirPort Projects in Ido-Osun to Ede.

https://www.youtube.com/watch?v=OE4WCs7iigU

Reno always making sense

Fóolish Reno


If your god Tinubu replicates half of what Adeleke is doing in Osun state in federal level , the country wouldn't be at this woefull state.

You have mouth to say nonsense about Adeleke that is billion times better than your new found god but praise your new found god to high heavens, even when it's obviously clear that your new found god is a destined failure.

Don't worry, your appointment is on the way. You'll be appointed, this I am sure of.

This guy you like tackling the Governor all the time ..Na you sabi .. as long as the Governor is doing the wish of his people you can rant all you like ... what you wrote at the top is even a man talking out of ignorance .

Spotify in Nigeria doesn't cost 10 dollars Reno.. It closet less than a dollar I use Spotify and I pay 1700 or so

2) attacking a governor over the state of the economy shows Reno is either being S.tupid or completely ignorant

There is little or nothing a governor can do to improve his state economy trust me 90% of that is with the federal government... Surprised? Yes that's the truth

Economy is affected by fiscal and monetary policy (state controls a fraction of fiscal policy) ... The rest is under the direct order of the president

Now to RENO

Economy moving from 575 billion dollars GDP to 199 billion dollars is not shambles?

GDP per capita moving from 3000+ dollars to 950 dollars is not shambles?

Ghana has more people who spends 10 dollars per day than Nigeria we have 5 times their population and that's not shambles ?

Anyone who think it's what davido said that would stop an investor then they person is a full and for heavens sake we don't need investors!!!!!!!!

Reno, the hatchet man....bills must be paid.

mrvitalis:
Spotify in Nigeria doesn't cost 10 dollars Reno.. It closet less than a dollar I use Spotify and I pay 1700 or so

If u can't afford basic needs, u won't even have the gadget that has Spotify in it before thinking about subscribing the Spotify and using ur data to stream music, it's basics.

MadamVanessa:




Fóolish Reno


If your god Tinubu replicate half of what Adeleke is doing in Osun state in federal level , the country wouldn't be at this woefull current state.

You have mouth to say nonsense about Adeleke that is billion times better than your new found god but praise your new found god to high heavens, even when it's obviously clear that your new found god is a destined failure.

Don't worry, your appointment is on the way. You'll be appointed, this I am sure of it.

Osun is one of the Ieast progressive state in SW, passing through SW, it's gIaring, so Adeleke is doing great in that state?
Obidents.

Like Reno like helinues

Nlfpmod fergie001 fp

trutharena:
Reno always making sense

Economy is in shambles under Adeleke? Under The Iragbiji drunk, Economy is under what? You crawled out to attack Adeleke and praise the fugitive fóolish Reno for attacking a PDP governor but never have you lots say anything about the uselessness of Tinubu.

Adeleke is what Tinubu can never be. The man is trying in Osun. Let just assumed he's destroying Osun, it's better . Atleast he's destroying only one state. Unlike illiterate self acclaimed accountant certificate forger that have destroyed everything in the federation.

JagabanBorgu:
If u can't afford basic needs, u won't even have the gadget that has Spotify in it before thinking about subscribing the Spotify and using ur data to stream music, it's basics.

Oga phones of 30 dollars can access Spotify... Phoned are no more luxury... As popular as davido is today he is getting 15 million streams in a country of 200 million people

Do you know ghana has more people that spends 10 dollar per day than Nigeria and we have 5 times their population

I wrote a piece today.. People like you are in the far majority.. You don't have a problem with Nigerian situation or leadership.. For you things are ok

The rest of us are in minority so it's a lost cause

Reno don dey talk too much these days.

I think he is trying to compensate for the time he spent in the jungle.

APC the evil party don pay this LoudMouth to start demarking Osun all because of the upcoming election






Davido will just be laughing at this clown 🤡

JagabanBorgu:
Osun is one of the Ieast progressive state in SW, passing through SW, it's gIaring, so Adeleke is doing great in that state?
Obidents.

Talk about your destined failure that is currently occupying the aso rock and leave Adeleke alone.

MadamVanessa:



Talk about your destined failure that is currently occupying the aso rock and leave Adeleke alone.

I see ur eyes fiIIed with tears.
Let them out.

Osun state is a small part of Nigeria. Davido should have focused on that.

MadamVanessa:




Fóolish Reno


If your god Tinubu replicate half of what Adeleke is doing in Osun state in federal level , the country wouldn't be at this woefull current state.

You have mouth to say nonsense about Adeleke that is billion times better than your new found god but praise your new found god to high heavens, even when it's obviously clear that your new found god is a destined failure.

Don't worry, your appointment is on the way. You'll be appointed, this I am sure of it.

y don't u criticize with sense?

How does this concern tinubu? U just can't get over the fact this man defeated your whole tribe

Even if what they are talking about does not concern tinubu u sore losers must drag tinubu into it

JagabanBorgu:
I see ur eyes fiIIed with tears.
Let them out.

You think everyone is emotional as batidiots. If I want to reason you now, that una APC mod that you all always cry to will ban me now.

mrvitalis:
Oga phones of 30 dollars can access Spotify... Phoned are no more luxury... As popular as davido is today he is getting 15 million streams in a country of 200 million people

Do you know ghana has more people that spends 10 dollar per day than Nigeria and we have 5 times their population

I wrote a piece today.. People like you are in the far majority.. You don't have a problem with Nigerian situation or leadership.. For you things are ok

The rest of us are in minority so it's a lost cause

The last time I checked, u all were accusing me of working for 30k and how hunger will kiII me while u are all enjoying already, how comes the story has changed today?
First and foremost, Ghana don't have richer population, what u will get with $10 in Ghana, u will need way less than $10 to get that in Nigeria.
The fact that a Ghanaian need to spend more on data than a Nigerian does not mean they are enjoying, it means they are suffering, if fuel is sold for #200/L, Nigerians will still need to spend way less than they are spending now for equal or more goods and services, so for Ghana to have more people spending $10 a day than Nigeria does not mean they are rich, it's because they need to spend more to acquire goods and services that a Nigerian spend lesser for, that ur metric is buIIsh!t.
Someone who can't afford basic needs won't spend $30 on phone, neither will he subscribe Spotify and use data to stream songs from artists, it's basics.
I never knew that Nigerians are mandated to stream songs from Davido because he's popular, I have never streamed a song from Davido, I don't know his songs because the few I listened to from others, I never liked them.
Get a grip my friend, u can't dictate who gets streams and how many because u want to propound an economic theory, ur theories are too Iame and I saw u claiming the other to be an engr, I'm sure u are not an engr else I would have really liked to know who recommended u for accreditation.

MadamVanessa:



You think everyone is emotional as batidiots. If I want to reason you now, that una APC mod that you all always cry to will ban me now.

🤣🤣🤣🤣🤣🤣
Meanwhile ur reply is highly Iaced with emotions.

U say Reno? I gave up on Nigeria

Reno's logic no dey fall hand.

Reno is the best at what he does.

He is always on point.

Reno is a total complete idiot. If you have a trade surplus of 14 trillion for 3 consecutive quarters, shouldn't your exchange rate be appreciating?

How can a reasonable human say that because tinubu increased miminum wage to 70k, which is $35, youth's are able to stream music for $10. How will you earn $35 and spend $10 on streaming.

Reno said tinubu removed subsidy because it was wastage, when Jonathan removed the same subsidy which tinubu led protest, what was it. This is the problem with ass licking, soon you start eating shit.

Keep deceiving people. What of Nigerian economy?. Abi Osun na the only state in SW?.

Mugu.

You want to create a fake narrative.

JagabanBorgu:
Osun is one of the Ieast progressive state in SW, passing through SW, it's gIaring, so Adeleke is doing great in that state?
Obidents.

Most states in south west are not doing good not just Osun, tell me what is happening in Ondo and Ekiti

Toh

Adeleke should be expecting more of this from Reno.

The table must be turned

Reno Omonkey is a fool. Using Whizkid music to judge Nigeria economy.

Was it Osun state that devalued naira and raised price of petrol to 1,000 naira per liter?

Reno is making sense here. Davido's comments may have been influenced by the situation in Osun state, which has faced challenges under the leadership of his uncle, Senator Ademola Adeleke. It's important for Davido to recognize that while he may have US citizenship, he should avoid de-marketing Nigeria and consider the impact of his words on a global platform.

Objectivist04:
Most states in south west are not doing good not just Osun, tell me what is happening in Ondo and Ekiti

I have no idea, I just gave my view as I saw it in Osun.