Politics

Reno Omokri Says N3000 Daily Enough for Average Nigerian as Economic Debate Heats Up

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Nigeria’s Ambassador-designate to Mexico, Reno Omokri, has ignited fresh controversy by claiming that an average Nigerian can survive on N3,000 a day. Speaking on Sunday Politics, a television programme, Omokri defended his position by citing a personal market survey he conducted alongside a journalist, visiting markets without security to check prices of yam, rice, maize and fruits.

Context matters, he insisted. While N3,000 might stretch far enough in Nigerian markets, the same amount would plunge an American into poverty given vastly different living costs. Omokri argued that poverty assessments must reflect each country’s economic realities rather than applying blanket international standards.

But can Nigerians truly live on such a sum?

The statement arrives amid broader political tensions over economic policy. Government officials recently dismissed opposition candidate Atiku Abubakar’s fuel subsidy proposal, calling it a repeat of a failed scheme from two decades ago under President Olusegun Obasanjo. That earlier attempt saw domestic crude allocation jump to 445,000 barrels per day by 2002, with the IMF estimating revenue losses at 3.2 percent of GDP.

Omokri acknowledged the World Bank’s global poverty benchmark of less than $2 daily but questioned its direct application to Nigeria without considering local purchasing power. His comments reflect ongoing disputes about how best to measure and address Nigeria’s economic struggles as the cost of living crisis deepens across the nation.

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