Reno slammed them on X, while urging President Tinubu to ban importation of human hair.
Recall that the Naira depreciated in value on Tuesday, crashing by 42 per cent against the US dollar in the foreign exchange market in two days.
Data from FMDQ showed that the Naira further plummeted to an all-time low of N1,482.57 per US Dollar on Tuesday from N1,348.63 on Monday.
This represents a 9 per cent or 133.94 loss compared to N1,348.63 recorded at the close of trading on Monday.
Writing on X, and educating Nigerians on why Made-In-Nigeria products and services must be embraced, Reno wrote;
“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.
“Containers on the high seas coming to Nigeria with things we can produce in Nigeria are killing the Naira…”
✍️“feel free to disagree in the comments 👀 ☝️👆 & let JAIYEORIE know what U think!” 📎
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