positivetaught:
pls can you tell us the price of the same size of bread in Kenya in shillings, let's do the math's n see the true strong currency in real terms pls,I'm very interested in this stuff.

Dee60:
Complete show of ignorance.

This is how many Nigerians assume they are experts in Economics.

The value of your currency is not measured by the figure it exchanges against other currencies but what it can buy.

300 Naira can buy you a loaf of bread in Nigeria but can 10 Kenyan shillings buy you that same loaf?

When you change that money what can it buy? That is the true value. Your nominal value does not mean much.

Lloydfolarin:

It is nauseating, pathetic and annoying to read this nonsense coming someone who doesn't know anything outside their village.

Those Nigerians in Rwanda and Senegal must have been ravaged by poverty

Young man, i have lived in a country considered to be greatest country in the world which is USA and i am currently living in another one called United Kingdom.

Like i said earlier, i have been to 6 countries out of those listed countries and they are nothing to write home about except Egypt. Egypt is the only country at Nigeria level in terms of standard of living, infrastructures etc

Those friends of yours must be going through hell in one village in Nigeria

I know what i am talking about

CocoaOla:
Oga I'm not in Nigeria

Vivere:


Egypt is not the only country at Nigeria's level. What about South Africa, Botswana, Kenya etc.? Please there are quite a few countries with a better or similar level of infrastructure than Nigeria, that also have a better standard of living.

Lloydfolarin:

The only country in Africa that can push Nigeria to the back comfortably is South Africa. The rest are nothing to write home about except Egypt and about one or two North Africa countries.

Nigeria is far ahead of Kenya. Fact!

Kenya and Ghana are in the same league with Lagos state alone.

Vivere:


Oga, I beg to disagree. Kenya, Botswana and South Africa have a lot of things you can write about. Power supply in each of these countries, beats our own hands down. Not to even talk of road infrastructure and others. You need to visit these countries to appreciate how far they have gone in terms of infrastructure, and standard of living. Don't look at size or landmass or population alone. Yes, Nigeria is bigger than those 3 countries, but is it better in terms of infrastructure and standard of living? No.

Even Namibia as small as it is, is also not a bad place.

Vivere:


Oga, I beg to disagree. Kenya, Botswana and South Africa have a lot of things you can write about. Power supply in each of these countries, beats our own hands down. Not to even talk of road infrastructure and others. You need to visit these countries to appreciate how far they have gone in terms of infrastructure, and standard of living. Don't look at size or landmass or population alone. Yes, Nigeria is bigger than those 3 countries, but is it better in terms of infrastructure and standard of living? No.

Even Namibia as small as it is, is also not a bad place.

leathalbeast:
then I'm even more disappointed in you because you really know nothing at all even though you live here.
I'm beginning to wonder if you live in a hole over here!

edoman2016:

As far as Africa is concerned, no country come close to Nigeria except south Africa. I am a seasoned economist and I am telling you that fact. Kenya and Ghana are in the league of just Lagos. And you know what, the GDP of Lagos is higher than both countries. I repeat in Africa, only south Africa can withstand Nigeria when it comes to economic growth (GDP) in the whole of Africa. What the value of naira can purchase, the equivalent in other African countries can not buy it except south African Rand. It's an indisputable fact.

seniwellsFX:
you must be a quak or an illiterate economist disgracing yourself on social media. I am currently in Mauritius were I pay 5k ruppes per month for just self contain which is just a normal house with nothing special. That Is equivalent to 50k naira going by the current exchange rate. Tell me how many Nigerians go pay 50k per month for self con for naija.And you are foolishly talking about what our useless naira can get us in other Africa countries. Abeg no dey call urself economist again ooo...that is a noble and honourable profession. With the way u reason I no sure say u don even go badagry sef,let alone Cotonou

edoman2016:

As far as Africa is concerned, no country come close to Nigeria except south Africa. I am a seasoned economist and I am telling you that fact. Kenya and Ghana are in the league of just Lagos. And you know what, the GDP of Lagos is higher than both countries. I repeat in Africa, only south Africa can withstand Nigeria when it comes to economic growth (GDP) in the whole of Africa. What the value of naira can purchase, the equivalent in other African countries can not buy it except south African Rand. It's an indisputable fact.

Vivere:


Oga, I beg to disagree. Kenya, Botswana and South Africa have a lot of things you can write about. Power supply in each of these countries, beats our own hands down. Not to even talk of road infrastructure and others. You need to visit these countries to appreciate how far they have gone in terms of infrastructure, and standard of living. Don't look at size or landmass or population alone. Yes, Nigeria is bigger than those 3 countries, but is it better in terms of infrastructure and standard of living? No.

Even Namibia as small as it is, is also not a bad place.

Lloydfolarin:


The only country in Africa that can push Nigeria to the back comfortably is South Africa. The rest are nothing to write home about except Egypt and about one or two North Africa countries.

Nigeria is far ahead of Kenya. Fact!

Kenya and Ghana are in the same league with Lagos state alone.

edoman2016:


You must be a fool. And you know what, you have answered my question already in your comments. If you spend 5k rupees which is equivalent to 50k naira in Nigeria as you stated for self contain in Mauritius. It shows Nigeria's currency which is naira has higher value than rupees because average rent of self contained apartment in Nigeria is between 10k-15k per month with good facilities .

You must be an illiterate if you think in this lifetime Mauritius can ever be compared to Nigeria. I am sure the GDP of my state in Nigeria, Edo state is still far ahead of Mauritius. If you want me to give you statistics to back my claims, holla at me. I have travelled to several countries in Africa and I repeat none is in Nigeria league except south Africa. Why do you think it is only south Africa companies among Africa countries that is able to penetrate into Nigeria market? Do you know the number of countries in Africa our indigenous companies has expanded into?

alexxo11:
boss no offence but at times you should listen to what those who have traveled tell you.you just cant be of the fact that lagos has greater gdp than ghana and kenya yet ur people are flocking everyday to these countries for better living.I travel to lagos every two months since i work with an airline and i can tell you ,comfortably lagos is a human jungle.....no lights no water ,if it rains the whole area turns into a swimming pool,In short nothing works in lagos....mind you im not nigerian im a kenyan.....lets not get to the fact that everybody in lagos looks angry and frustrated....everywhere i went there were just sad faces.....your public transport is a mess....i was actually given a classroom chair to sit on in a public car.I dont think no sane kenyan would want to live in nigeria......ask ur nigerian peeps in kenya.....they see the place as heaven...but i understand why

Just30:
I guess the naira has more value than the dollar cos cutting your hair cost less in Nigeria than in the US and UK.

edoman2016:

As far as Africa is concerned, no country come close to Nigeria except south Africa. I am a seasoned economist and I am telling you that fact. Kenya and Ghana are in the league of just Lagos. And you know what, the GDP of Lagos is higher than both countries. I repeat in Africa, only south Africa can withstand Nigeria when it comes to economic growth (GDP) in the whole of Africa. What the value of naira can purchase, the equivalent in other African countries can not buy it except south African Rand. It's an indisputable fact.

Vivere:

Forget all that big grammar about GDP. Just pay a visit to each of the places I mentioned. You will come back with a totally different opinion and a lot of respect for those countries. Na only mouth Naija get.

edoman2016:

I hope you know Lagos is a mega city and it is also the smallest state in term of Land size in Nigeria. Because Lagos is a mega city and has a population of 21 million people, it is overcrowded. And that will surely comes with its challenges which you have stated. But from purely economic angle, Lagos is the fifth largest economy in the whole of Africa.

There is incredible investment in infrastructural development as well as on security in Lagos state. Because the current governor acknowledge the challenges that comes with mega city such as Lagos.

With regards to Nigerians living in Ghana or Kenya for greener pastures, you need to understand that migration is natural to human race on earth. People will always have different reasons for migrating from one countries to the other. We have large number of Chinese, Indians, etc working for companies in Nigeria. Does that mean Nigeria's economy is better than China economy? Figure it out by yourself.

Vivere:

Forget all that big grammar about GDP. Just pay a visit to each of the places I mentioned. You will come back with a totally different opinion and a lot of respect for those countries. Na only mouth Naija get.

Ucheparker:


That's just a typical example. I actually wanted a very simple one that you could understand. I lived and worked in Ghana, everything from food to transport to utilities like cutting your hair or watching a match is relatively more expensive than Nigeria. Means that you'd still use the Naira to acquire more in those countries is the point I'm trying so hard to make.

Lloydfolarin:
Let me shock you guys

Take it or leave it, Nigeria is better than 96% of those countries

I have been to 6 to 7 countries on that list and my experience opened my eyes to what we are enjoying as Nigerians which are not available in those countries.

Before my first trip out of Nigeria, i thought Nigeria is the worst country in the world until i left Nigeria to study in other countries.

I swear with my life, Nigeria is like a paradise to most of those countries

I think someone here should be able to testify to what i am saying.

I was treated like a King in those countries when i told the local students that i am from Nigeria.

I became a patriotic Nigerian when i saw the way these citizens appreciate what i failed to appreciate in my country.

Above all, in terms of standard of living, infrastructures etc, Nigeria is on top in Africa.

samsobo24:
the rate at which many African countries come to this forum and just say anything they like is quite alarming.
I blame our leaders for this and also the social media

samsobo24:
the rate at which many African countries come to this forum and just say anything they like is quite alarming.
I blame our leaders for this and also the social media

edoman2016:

Thank you for the observation. Citizens of other African countries will come to Nigerian forum and still have the effrontery to call Nigeria a shiit country. Where as you will hardly see any Nigerian on a Kenyan forum or other African countries' forum to comment. Because no Nigerian give a damn about their forum.

Lionessza:



LMFAO, his post cracked me up. Blind patriot

edoman2016:

Thank you for the observation. Citizens of other African countries will come to Nigerian forum and still have the effrontery to call Nigeria a shiit country. Where as you will hardly see any Nigerian on a Kenyan forum or other African countries' forum to comment. Because no Nigerian give a damn about their forum.