Someone wrote: If you think Nigeria N740 Naira (at the black market rate and 450 CBN rate) is useless just because it is equivalent to $1 please read to end. I came across people making a mockery of the Naira vs the dollar in the last 48 hours and I have been laughing and pitying them since! Is the currency exchange rate a yardstick for the basic cost of living comparison? I am not happy that our Naira is depreciating always but hey....it is not that bad and this is why �

1. N740 can buy me 2 square meals in Nigeria but $1 can't buy you a meal in the US.
2. N740 can buy me a 1.6gb worth of data in Nigeria but $1 can't buy you a 250mb of data in the US. T-Mobile charges N32,500 for a 30gb of data, AT&T charges N37,500 for a 30gb of data, and Verizon also charges N40,000 for the same 30gb of data in the US. Glo charges me N10,000 for 50gb and MTN charges me N10,000 for 40gb of data.
3. A 75cl bottle of water in Nigeria cost an average N100, a 55cl bottle water in the US is $1.45 which is N1125.
4. The most expensive place to live in Abuja is Aso Drive, a single room cost N600,000 per month, and the same room goes for N450,000 in Lekki all in Nigeria. The same room in Manhattan, New York City goes for N2.4 million per month.
5. N740 can buy me a Dudu-osun bathing soap and a Vaseline for the harmattan season, $1 can't do the same in the US.
6. N740 can buy me almost 4 liters of fuel in Nigeria, $1 can only buy you LESS THAN 1 liter of fuel in the US.
7. It cost an average of N280 daily to earn a degree in Nigeria, and it cost an average of N2,650 a day to earn the same in the US.

We have and most be a producing nation, and the easiest production is agriculture at the basic level JUST PRODUCE WHAT YOU EAT, currency devaluation is a trap which we might never recover. Ghana has done it 3 times in the last decade and they are still the worst currency in the world.
Keep Insulting Yourself Thinking You Are Insulting Nigeria.
The challenges we are facing will be over soon
Good bless Nigeria ��
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Yo fish, forget about this shit, first of all stop trying to compair naira with $ , can 5 naira get you meal in nigeria. capital no ( 1$ can't get meal but $5-$10 can )