Controversial political commentator, Reno Omokri has taken a swipe at opposition politicians who compare Nigeria’s economy under President Bola Tinubu with that of Argentina under President Javier Milei. In a post on his social media handle, Omokri labeled the comparison as not only misguided but laughable.
“It’s so funny that some opposition politicians are asking President Tinubu to learn from Argentina and Milei. Why? Fitch just rated Argentina under Milei a C. Meanwhile, Nigeria under Tinubu got a stable B rating. Please, fact-check me,” Omokri declared.
“I Can Arrange an Argentine Visa for Any Opposition Politician Wishing to Relocate”
Some opposition leaders had in time past advised president Tinubu to make Javier Milei approach to reforms serve as a lesson for him drawing a comparison between the state of the economy inherited by both Tinubu and Milei.
Omokri however went further to ridicule the logic behind such comparisons, likening it to asking a first-class accountant like Tinubu to learn from a second-lower philosophy graduate, a veiled reference to Peter Obi.
Omokri argued that based on key economic indicators, it is Argentina that should be learning from Nigeria—not the other way around.
Argentina’s economy, though larger in terms of GDP at $600 billion, is burdened by a staggering $460 billion debt. In contrast, Nigeria’s $400+ billion GDP is backed by a significantly lower debt profile of $94.2 billion.
On inflation, Nigeria’s rate currently stands at 24.48%, while Argentina’s has soared to a whopping 66.9%.
Omokri also pointed out that while the Argentine government is laying off workers and struggling with wage payments, Nigeria’s private sector is thriving.
“Look at the growth of our business elites. Aliko Dangote’s net worth has doubled from $13.5 billion when Tinubu took office in 2023 to $27.8 billion today. The same goes for Dr. Mike Adenuga Jr., Abdulsamad Rabiu, and Femi Otedola each saw their wealth grow by at least 25%,” he noted.
Nigerian banks are also reporting record profits. GT Bank, for example, jumped from ₦367.4 billion in 2023 to ₦1.1 trillion this last financial year.
Rounding off his statement, Omokri took a sarcastic parting shot:
“If any opposition politician, like Peter Obi, still thinks Argentina is doing better, I can quickly and freely arrange an immigrant visa for him so he can relocate and enjoy President Milei’s economic miracle.”