Social activist Reno Omokri is encouraging Nigerians to convert their dollars into naira, citing the potential for the Nigerian currency to strengthen against the US dollar once the Dangote refinery begins operations. Omokri believes that the refinery’s production will lead to a decrease in fuel imports, ultimately boosting the value of the naira.

In a recent post on social media, Omokri emphasized the importance of investing in the naira now, rather than waiting for the refinery to flood the market with affordable petroleum products in 2024. He warned against betting against the naira based on negative predictions, urging individuals to consider the long-term benefits of supporting the local economy.

Recent reports have confirmed that the Dangote Refinery has started supplying diesel to the Nigerian market, with plans to introduce other petroleum products such as aviation jet fuel. The Independent Petroleum Marketers Association of Nigeria has set the price of diesel at N1,225 ($0.96) per litre, following a bulk purchase agreement with local oil marketers.

As Nigeria moves towards self-sufficiency in fuel production, there is optimism that the naira will experience significant growth. Omokri’s message to “Grow Naira, Buy Naija” resonates with the idea of supporting local industries and investing in the country’s economic development. By converting dollars to naira now, individuals can potentially benefit from the anticipated rise in the Nigerian currency’s value.

With the Dangote refinery poised to revolutionize the petroleum industry in Nigeria, the time is ripe for Nigerians to consider the long-term implications of their financial decisions. Embracing the vision of a stronger naira and reduced dependence on fuel imports, individuals can play a role in shaping the future of the country’s economy. #GrowNairaBuyNaija

[Keywords: Reno Omokri, Dangote Refinery, Nigerian economy, naira, US dollar, fuel imports, petroleum products, local market, economic development]