Nigeria can't grow when you have companies like MTN, Airtel controlling the market - Reno Omokri barks

Reno Omokri, a political commentator and a leading member of the Peoples Democratic Party (PDP) has opined that Nigeria's economy won't grow if multinational companies like MTN and Airtel continue to control " our economy".

According to Reno, these leading multinationals repatriate all profits made in Nigeria to their home country while stressing that MTN for instance "will never tolerate a Nigerian company having that sort of control over their economy the way we tolerate them".

He advised that "if you want the Naira to rise, remove your MTN and Airtel SIM cards and replace them with Glo."

In a long post on his Instagram page, he wrote: There is no hope for the Naira until we control our economy. And when you have a South African firm like MTN controlling 17% of Niger's stock market, and an Indian firm like Airtel dominating another 13%, we are not in control of our economy. Because these guys will make money from Nigeria and repatriate it to India and South Africa. Billions of dollars. MTN is the largest company on our stock exchange, followed by Airtel. And both countries will NEVER tolerate a Nigerian company having that sort of control over their economy the way we tolerate them.

Now, is there any money flowing into Nigeria from South Africa and India? A little. But nowhere near what is flowing to those countries from Nigeria. That is why the Naira is losing value. It is suffering from economic anaemia.

If you want the Naira to rise, remove your MTN and Airtel SIM cards and replace them with Glo. That is the secret of Jewish wealth. Jews will NEVER go outside their community for goods and services that other Jews can provide. Even if the outsider's goods or services are better or cheaper.

But we do not have that patriotism or discipline. We can open our mouths and condemn our own. Glo is this. Innoson is that. Air Peace is useless. Then after destroying our own brands and spending our money on foreigners, we expect our government to do magic and make $1 equal to ₦1. Just read the comments below, and you will marvel at the negativity of Nigerians who say they want positivity.

And with all the billions of dollars they make from Nigeria annually, is the Nigerian passport visa free to South Africa or India? No. Because they do lot respect us. And they know we are too weak and divided to realise the economic injustice and imbalance of their relationship with us.