Commentor:


Which chicken and chips is 1 pound?

Who dey lie to you?

Even if Chicken and Chips is 5pounds in the UK, can you buy Chicken and Chips for 5naira in Nigeria?

hisexcellency34:
President Muhammadu Buhari should please do more to redeem the image of Nigeria's battered currency.
1 pound sterling to N780 is just unacceptable. Just a little change and it is N1,000 (our highest denomination)

THIS IS THE TRUE CHANGE they promise.

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

Bigger bigot.. that is not why the border was closed

dapadawee:

With 780 pound you are a big boy in naija.
Do u know how to compare things. Why you they fall your hand. 780pounds will give you a good accommodation in UK . it will even buy you fairly used car send come naija

We talking what 1 pounds and it's equivalent in Naira could buy..
.. And Naira won.

If you compare 780 Pounds to Naira? ha?!

Naira go still win.

aremuforlife:

#780 can get a plate of meal in Lagos and more in other part of the country, while 1pound can get you a plate of meal in any part of UK

What plate of meal can £1 get you in the UK?

dapadawee:

If you see 780pounds your Christmas time them go know say you enter village now

Chai?!

780 pounds is more than N600,000.

With 600k, if I enter village, everybody go enjoy.

I go buy One Cow @150k and 30, cartons of Trophy Lager

Vado:


You and all those clowns who liked your post are kinda dense sha. How much was Pounds Sterling to Naira during OBJ's and Yar'Adua's era? Did they close the borders like your mumu president? OBJ was particularly interested in promoting an agro-economy and many giant strides and foundations were achieved then which improved investor's confidence. Despite, he didn't take draconian policies like your NEPA certificated bag of bones in Aso Villa. So how come forex had an appreaciable strength during these periods when borders weren't closed compare to now when it has in the past years. Have you looked around your environment of late? Does this look investor friendly to you? I lost count on how many companies have had to shutdown, adjust their business models or battling with stupid APC led government policies. From Opay, to GoOkada, to Twitter, to tech companies, to crypto firms etc.

You president, his economic team and minions constituting nuisance on the social media space with propaganda are just foolish.

During OBJ regime how many of us have smartphones and purchasing goods from Ali Express, Amazon etc and putting pressure on Naira. Or do you think those transactions are settle in Naira by CBN? What's the non-oil revenue during OBJ compare to today? How many locally made goods are in market during those period?
Why is electricity, railway, roads not in other then? How many Aircrafts or military equipment do we purchase for unforeseen circumstances?. How many of of our bugget going into fighting insurgency then? The failure of yesterday is what we are battling today.

hisexcellency34:
President Muhammadu Buhari should please do more to redeem the image of Nigeria's battered currency.
1 pound sterling to N780 is just unacceptable. Just a little change and it is N1,000 (our highest denomination)

Where did you get this quote?

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

I tot he left the northern border open

Ade3131:


I feel offended by your comment and it's not because I am from that tribe you're talking about but I feel you need to understand what it takes to produce before you come out in a forum as this to spew trash.

Do you know the average cost of producing a plastic bag in the present day Nigeria?

How cheap is electricity if at all we have it and how cheap is the alternative?

Do you know how much it cost to move raw materials from your village to Ogun state or other factory locations across the country?

How many producing countries of the world do you see that have touts on highways with legal backing to extort commuters of their hard earned money?

Again, have you attempted to produce anything at scale before and do you have report of companies that have wind up within their first 2 years in Nigeria and what is your lord Buhari doing about it?

What a summarization of the conclution of the whole matter. I give it to you bros.

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

is not in closing any boarder and sitting on his *** but should get into manufacturing and job creation. The only thing he knows how to do is to borrow and borrow and request for loans. The worst president in African soil. Good for nothing

Aguogba:
All of Una wey dey compare money equivalence and purchasing power should realise that there is never a basis for comparison between one economy and another. Though it may seem like simple mathematical proportions,there are numerous factors that come into play before you can compare the values of different currencies.
If you earn NGN300k/month in Naija
It translates to NGN10k/day
and NGN1,112/hour 8am-5pm Naija work hours.
how many loaves of bread can your hourly pay buy in Naija?
While someone earning just 10€ can buy 20 leaves of bread with their hourly pay.

On the flip side, someone paying 1.2m/ANNUM as rent for 1bedroom flat in Naija will be complaining of expensive rent. That translates to 100k/month.
Same apartment here in Europe goes for 800k/MONTH!

So, it is not that easy to compare all these metrics.

majority of Nigerians earn 30k

hisexcellency34:
President Muhammadu Buhari should please do more to redeem the image of Nigeria's battered currency.
1 pound sterling to N780 is just unacceptable. Just a little change and it is N1,000 (our highest denomination)

Can you evaluate the real cost of living to the value of each currency in eachcountry?
What can you get in Nigeria with NGN780 viź a viź how much such item costs in the country the alternate currency is in use.
Example how many bottles of coke can you buy in Nigeria for NGN780, approximately 5.
How much is a bottle of coke in the UK?
Definitely it's above 1pound.

chikason22:

You're so myopic. Can you believe yourself. You mean a shilling or pound shilling which is equivalent to 780 naira is useless. Do we have 1naira note or coin in Nigeria SMH. You're obviously a child. No insult intended but your assertion is myopic. Most of our currencies are useless as we speak. 5naira, 10naira, 20naira.

He is obviously shifting the blame of the uselessness of Naira on UK Pounds either deliberately or just ignorantly...

Is it the fault of Pound that it remains One pound in the UK then turns to 750 Naira in Nigeria??

To make it simple to him...another Nation's money is a big money in Nigeria while same money maintains it value in it's country...may be he would get it that way

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians. [/quote]

O boy 1 pound make sense here for where I dey ooo. O body fit dash you one pound imagine you put one pound for trolley as you pack am people dey collect am back. With one pound I buy coke, local chips, chocolate even use am bet. Hardly you go see person give 1pound to beggers. Na Nigeria's dey give them money cos there pastors, inmam say make dey give beggers.

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

Border wen de fragile,
E get wetin them no still carry enter the country

stayclearofme:

Oga please get your facts right.. despite the fact that you made very good points you have to ask yourself "what is the volume of export you are talking about?
Apart from oil? You made mention of your guy exporting garri, that is commendable but to how many people? And probably still to only Nigerians or Ghanaians.
Base on that apart from oil we export nothing!

But i thought bubu says naija de export rice... Abi na lie?

stayclearofme:

Oga please get your facts right.. despite the fact that you made very good points you have to ask yourself "what is the volume of export you are talking about?
Apart from oil? You made mention of your guy exporting garri, that is commendable but to how many people? And probably still to only Nigerians or Ghanaians.
Base on that apart from oil we export nothing!

There is a huge export operation going on just that people don't know if you are not in the field. Do you know eg my paddy takes orders for supermarket chains, for corner shops owned by Pakistanis, by jews, they brand them locally here in naija, eg hammads, or Joey's cassava flakes(using garri as example). From phone call to the market here in naija the garri is supplied, the packaging people pack it and the shipper picks it up for export to the ports. So many others from around the world are doing same from Nigeria.
Go to any major drinks depot and you will see them loading drinks for export. Years back in Dublin I hear Nigerian Stout was the highest seller.
We export but could do more. Cocoa, cashew, timber, cassava, millet, we export.
Recently I learnt ships, aircraft's prefer to leave naija empty because the stress, curruption is just too much, it does not make business sense to them. A ship will bring goods to naija and go back empty refusing to carry goods!
That is part of the mismanagement I spoke about.

Hero10001:


With N780, I can buy 4lts of PMS for my Honda and one bottle water.

Or I plate of Fish/Goat meat ppsoup @N500 and One cold bottle of Trophy Lager @ N280 at SandraBar

Or, Ikg of cooking Gas

Or 2 Belleful Indomie with Four big Eggs.

Or, Amala N200, Ogunfe 500, table water N50 at Olasheu restaurant.

Or, 5 bottles of Kakaraka bitters with 5 big peppered ponmo.


Or, N500 airtime, with N200 Data, I dey flex Airtels 1Gb of Data @ 200 now sef

I can go on and on...



Meanwhile, that godforsaken old coin cannot buy a ltr of PMS not to talk of Lager beer in the UK.

that how Zimbabwe inflation started too you are going there

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

So you bought import and export?

God when will Nigerians learn?

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

Excuse!

Hero10001:


Chai?!

780 pounds is more than N600,000.

With 600k, if I enter village, everybody go enjoy.

I go buy One Cow @150k and 30, cartons of Trophy Lager

Cow 150?
Wen ram is amounting 120k now

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

You have spoken like an average Nigerian who like suffering.

Closing your border is the last step to self sufficiency. First of all you need to make sure there is enabling environment first in your country and all the requirements for production have been made available before you close borders. Things like Electricity, security and enabling tax scheme.

We all know these things aren't available. Farmers cannot go to farm any longer because of bandits and herdsmen. So we are not even producing food at the moment. Then the Government blocked the borders where we would have gotten alternatives.

Even the US doesn't completely block it's borders. If a quality item is produced cheaper in Nigeria people will have no reason to buy the foreign alternative and it's importers will stop importing it. As an economist I know this for sure and more.

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

A shopfull of things. Ranging from useless toys to useful stuff. Cleaning products, stationary, sweets, soft drinks, ice cream, gardening tools, tools, screws, nuts, bolts, glue.. all kinds of things.

Poundland.co.uk

Baba if you don't know anything just shut up

Babaken:
Abeg zip your mouth did Jonathan close border before he was able to stabilize naira to dollars during his tenure.

I wonder!

IamWonderful:
You call #220 out of #1000 just a little change? God will heal your bitterness.




Mind you what are you producing for foreign exchange or importation to help the naira, remove the log of wood in your eyes, child

Go and rest!

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

Then there is the Poundland where all items cost one pound. You can get a ready meal for £1 or even 2 meals for £1.

They have a very wide product range starting from food and drinks to health and beauty products. You can check the prices and find the nearest store by visiting their website Poundland .

This used to be ₦2... SMH

Please bro what do they mean by devaluation of money please break it dawn to me to a lay man understand

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

SlyDev:


Naira have been falling ever since and it will continue to fall except you invest in local production and start exporting

How many have you started,

How many did your forefather start and I don't mean to be rude.

You were importing more than you were export bro and d dollars was still ok, in 70's 80's and 90's.

Hero10001:


We talking what 1 pounds and it's equivalent in Naira could buy..
.. And Naira won.

If you compare 780 Pounds to Naira? ha?!

Naira go still win.

You no sabi common comparison.
Before 1 naira was equivalent to 2pounds. Then naira was stronger. Now a pounds is now 780 naira. U no still understand. So with one million pounds I can do construction of over head bridge and build 200 km of road. With 1million pound I can build a rail from Lagos to Ilorin can't you get it.

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

So how is it profitable to those in the country when you devalue