Reno Omokri Accuses Former President Buhari of Economic Mismanagement

Reno Omokri, a former presidential aide, has accused former President Muhammadu Buhari of causing harm to Nigeria’s economy during his eight years in office.

At the end of Buhari’s tenure in May 2023, Nigeria’s debt had nearly doubled, reaching 35 percent of the Gross Domestic Product (GDP), up from 18 percent. Meanwhile, inflation remained at 22.4 percent, a concerning legacy of the Daura-born politician

The economic difficulties persist under President Tinubu’s leadership, exacerbated by the removal of fuel subsidies and an unstable exchange rate.

Omokri argues that the responsibility lies with Buhari, whom he accuses of running a criminal enterprise instead of a legitimate government

In a post he shared on X on Monday morning, Omokri said, “Buhari Destroyed The Economy. Tinubu Is Trying to Restore It. That’s just the honest truth. Even our oil sales are useless to us now, because Buhari sold them in advance and pocketed the money.

“This is because he borrowed more than all past governments combined, until our debt service to revenue ratio was so high that even China stopped lending us money.

“The exchange rate was being subsidised with $1.5 billion every month. What you saw then was not Naira’s actual value.

“Buhari lied to you about our foreign reserve position. Those funds had been used to guarantee loans and purchases. Long and short of it all is that Buhari would have jailed President Jonathan if Dr Jonathan had done half of what Buhari did. Buhari did not run a government. He ran a criminal enterprise that turned his former recharge card selling nephew into an overnight private jet flying multi-billionaire.

“We, in the opposition know this. But some of us are playing politics with it because they lost the 2023 election, and as far as they are concerned, if they did not win, Nigeria must collapse.”

Kanyi Daily recalls that Nigerian author and social media influencer, Reno Omokri, has countered Afrobeats superstar, Davido, who is known for the popular phrase, “we rise by lifting others.”