Renowned political commentator and activist, Reno Omokri, articulates his rationale for advocating the potential ban on the importation of human hair if he were bestowed with the presidency in Nigeria.
The influential Nigerian author expressed his thoughts on Instagram, highlighting the escalating strength of the Dollar against the Naira.
Reno Omokri.
Omokri contends that the penchant for foreign goods and the consumption of imported products contribute to the continuous devaluation of the Nigerian Naira.
Specifically pointing to the significant expenditure on human hair and other foreign products, he asserts that this trend adversely impacts the country's economy.
Expressing his hypothetical presidential stance, Omokri declares a potential ban on the importation of human hair to redirect spending towards domestic products, promoting economic stability.
His Instagram post expounds on the economic intricacies, emphasizing the impact of foreign currency outflows and the collective responsibility of Nigerians in safeguarding the Naira's value.
Omokri states:
"The Naira is a reflection of the Nigerian. Look, the Central Bank of Nigeria just paid a billion dollars to foreign airlines. Those are airlines flying the same route as Air Peace. Do you know that if you and I, as Nigerians, had flown Air Peace instead of foreign airlines, that $1 billion would have stayed and circulated in Nigeria? And when dollars and pounds stay in Nigeria, the Naira rises in power. If they leave Nigeria, our Naira goes lower and lower.
The Central Bank had to cough up $200 million to pay for human hair, as if God did not give our women hair. This is hair that Indian, Bangladeshi, and Southeast Asian women cut and dedicate to their temples. They then barely process the hair and label them Brazilian, European and Peruvian hair, and our women rush to buy them, wear them, and shake the hair angrily to accuse Tinubu of ruining the economy. If I were Tinubu, I would ban the importation of human hair. Fact-check this, as a nation, Nigeria spends more on human hair than on books.
The Naira is now our collective responsibility. When you go to Quilox to spend #5 million on Moét, Louis XIIl Cognac, and Glenfiddich, then post your receipt on social media, you are putting downward pressure on the Naira.
Containers on the high seas coming to Nigeria with things we can produce in Nigeria are killing the Naira. There is no magic wand. If we don’t band together to stand together and buy made in Nigeria, the Naira will continue to go asunder!"
For a visual reference, check the accompanying post:
