Close Menu
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
Facebook X (Twitter) Instagram
The Meridian Spy
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
The Meridian Spy
Home»Business»FG’s Naira Spray Ban Unculturual, Proposes Licensing Instead — Reno Omokri 
Business

FG’s Naira Spray Ban Unculturual, Proposes Licensing Instead — Reno Omokri 

meridianspyBy meridianspyApril 23, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
Share
    

Share!

  • Share
  • Tweet

A former presidential aide, Reno Omokri has defended the practice of spraying money at parties, which the Central Bank of Nigeria (CBN) recently outlawed.

Omokri on his X page on Tuesday which has sparked controversy with a social media.

He argues that spraying money is a cherished cultural tradition, akin to plate-breaking in Greece or champagne spraying in Formula 1. He believes the CBN should prioritize eliminating “backward customs” like tribal marking before targeting spraying Naira.

While acknowledging the CBN’s concerns about maintaining the currency, Omokri proposes a novel solution: selling licenses to those who wish to spray money. This, he argues, would generate revenue for the CBN and cater to Nigerians’ desire to celebrate with “Olukumi Yoruba culture.”

Omokri warns that a complete ban would stifle the entertainment industry, as musicians would be less motivated to perform without the expectation of being sprayed with cash.

He suggests this could lead to a domino effect, negatively impacting party vendors, caterers, and the hospitality industry, ultimately shrinking Nigeria’s GDP.

Omokri concludes by emphasizing that the Naira should serve Nigerians and their cultural practices, not the other way around.

 

He urges the CBN to find a way for the currency to coexist with, and even support, Nigeria’s diverse cultural traditions.

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet

Related posts:

  1. BREAKING: Buhari Seeks Reps Approval For Fresh $5.513bn Foreign Loan For COVID-19, Other Projects
  2. Naira Swap: CBN Approves N20,000 Over-the-counter Payment
  3. Musk introduces Monthly Charges for All X Users
READ ALSO  NBA Presents Award to VeryDarkMan at Annual Conference
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
meridianspy

Related Posts

VeryDarkMan Challenges Police to Charge Him to Court Over Kidnapping Claims

August 27, 2026

How I Empowered Pregnant Women as Rivers Governor – Amaechi

August 27, 2026

Atiku’s subsidy position confusing – Presidency

August 27, 2026
Search
Recent Posts
  • Over 1,100 Killed, N7.8bn Paid in Ransoms as Nigerian Kidnappings Surge 66%
  • VeryDarkMan Challenges Police to Charge Him to Court Over Kidnapping Claims
  • How I Empowered Pregnant Women as Rivers Governor – Amaechi
  • Atiku’s subsidy position confusing – Presidency
  • Chelsea Target 18-Year-Old Atalanta Defender Honest Ahanor
  • Police Challenge VDM to Prove Checkpoint Officers Aid Kidnappers
  • Two Nigerian Sisters Bag First Class Honours in UK Universities
  • 26,000 Nigerian Children Enter Custody Yearly, Most Without Lawyers – Minister
  • Pastor Unveils Christian Matchmaking Platform With N700,000 VIP Plan
  • Kwara CP Begins Inspection Of Police Formations
  • EFCC’s Asset Recovery Hits N673bn in Three Years, Says Olukoyede
  • Presidency Says Atiku’s Petrol Subsidy Plan Could Cost Nigeria N19.1trn Annually
  • U.S. To Revoke 200,000 Visas, Declares War On Bogus Asylum Claims
  • Akpabio Says Nigerians Will Re-elect Tinubu in 2027
  • Zenith Bank Seminar Sets Out Strategies to Scale Nigeria’s Non-Oil Exports
Categories
  • Business
  • Crime
  • Education
  • Entertainment
  • Environment
  • Foreign
  • Health
  • Investigations
  • Labour
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Politics
  • Security
  • Sport
  • Technology
  • World news
Access Bank DiamondXtra Season 16 Rewards
  • About us
  • Contact Us
  • News
  • Politics
  • Health
© 2026 All Right Reserved. Designed by Techjuno

Type above and press Enter to search. Press Esc to cancel.