Reno Omokri, a social activist, has pushed Nigerians to exchange their dollars for naira.
Omokri clarified that once the Dangote refinery starts up, the value of the Naira relative to the US dollar would increase.
He hinted that if the Dangote refinery in Nigeria starts up, petroleum imports would end.
Posting on X, the former presidential aide wrote: “If you bet against the Naira because of the evil ₦2000 to $1 prophecy, just face it that you have lost the money you intended to make by economically exploiting Nigeria.
“But if you wait until Dangote Refinery starts selling every petroleum product needed in Nigeria, including Premium Motor Spirit, Diesel and Aviation Jet A1 fuel, you will lose even more.
“Once Nigeria stops importing fuel, the Naira will rise even more dramatically.
“Count your losses. Convert your Dollar to Naira now or prepare to holler by May 2024, when Dangote Refinery will flood the market with inexpensive petroleum products. #GrowNairaBuyNaija”
Dangote Refinery started supplying diesel to the Nigerian market, according to reports.
According to sources who spoke with Reuters on Tuesday, the gasoline items are aviation jet fuel and diesel.
According to Abubakar Maigandi, the head of the Independent Petroleum Marketers Association of Nigeria, local oil marketers first get a bulk purchase deal and fix the price of diesel at N1,225 ($0.96) per litre before adding their markup.
According to Maigandi, the association’s members own or operate over 150,000 retail outlets throughout Nigeria.
