Are 50 kobo, 1 naira and 2 naira truly money in Nigeria? When last have you seen them? Will a bank pay you Naira1003.50koko? Please read on.

Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country.
If currently available coins (50 kobo, 1 naira and 2 naira) are not generally accepted, then it is not Nigerian MONEY, but rather a waste of money. So why change 5, 10, 20 naira from money to a piece of metal.

Scenario 1: Go to 5 banks, ask to withdraw N1003.50k, (1 thousand and three naira, 50 kobo), and share your experience here
Scenario 2: Some Chewing Gums are sold at 4 for 5 Naira (which means 2 for N2.5k), give the seller 2Naira, fifty kobo and ask for 2 chewing gums, share your experience here.
Scenario 3: Take a cab (Danfo; if in Lagos), and include coins as part of your payment. Share your experience here if you are not stoned with it
Scenario 4: Give ten 2naira (equivalent of 20naira) as alms to a beggar, notice his/her reaction and share it here with us.
Now answer these questions yourself
Q1. When last have I seen (not even spend, seen) 2naira (Probably 2007 when it was introduced)?
Q2. Will I receive five 2 naira as ten naira?
Q3. Is a 2naira coin money to me?

Conclusion: Coins are spent in many countries of the world, and should be accepted in Nigeria (eg. You should actually get 3naira change when you buy 1 litre of petrol @97 naira). But, should 5,10,20 naira be made into coin?

What do you think? Share your views here

any view on this??