Before Tinubu, Nigeria Was Spending Monthly $1.5bn To Subsidise Naira – Reno Omokri

Hypocrisy Unveiled: Reno Omokri’s Meeting with Alleged Drug Lord Tinubu Sparks Outrage

In a striking display of political inconsistency, Reno Omokri, a Nigerian author and former aide to President Goodluck Jonathan, has come under fire for meeting The post Hypocrisy Unveiled: Reno Omokri’s Meeting with Alleged Drug Lord Tinubu Sparks Outrage appeared first on The Herald.

Before Tinubu, Nigeria Was Spending Monthly $1.5bn To Subsidise Naira – Reno Omokri

(AFRICAN EXAMINER) – A former presidential aide, Reno Omokri, has claimed that before President Bola Tinubu’s economic reforms, Nigeria was spending a staggering $1.5 billion every month to subsidise the naira—money he says was borrowed and “wastefully spent.” “The Federal Government of Nigeria was spending $1.5 billion every month to subsidise the naira. Please assume […] The post Before Tinubu, Nigeria Was Spending Monthly $1.5bn To Subsidise …

Nigeria Spent $1.5 Billion Monthly on Naira Subsidies Before Tinubu’s Reforms, Omokri Claims

Reno Omokri, a former presidential aide and social commentator, stated on May 30, 2025, that Nigeria was spending $1.5 billion monthly to subsidize the naira’s value before President Bola Tinubu’s administration ended the policy in June 2023. Speaking on his Transformation With Reno podcast, Omokri explained that the Central Bank Nigeria (CBN) artificially propped up the naira through dollar injections, draining foreign reserves from $47 billion…