Nigeria’s Drop in Petrol Imports Signals Economic Growth — Reno Omokri
Former presidential aide and social commentator Reno Omokri has described Nigeria’s decline as Africa’s top petrol importer as a positive sign of economic transformation driven by local refining and export.
Speaking to journalists during a tour of the Dangote Refinery on Friday, Omokri noted that while South Africa has overtaken Nigeria as the continent’s biggest petrol importer, Nigeria now leads West Africa in petroleum exports.
“The naira will only have value when we produce and export, not when we depend on imports,” he said. “We now have a full turnaround — Nigeria is the largest exporter of petroleum products in West Africa.”
Omokri stressed that true prosperity lies in productive earnings, not inflated wages, urging government and labour unions to focus on building a production-based economy.
“It’s better for Nigerians to earn ten thousand naira with real value than a million naira not tied to production,” he added.
