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|Random Question For Nairalanders (what Does This Mean?) by ramalot(m): 8:09pm On Jul 15, 2020|
There's no real reason behind this question, other than curiosity.
When I was a kid in Nigeria, if someone said "that celebrity or that person is a millionaire," it meant something significant.
However, with inflation, devaluation of the naira and such, what exactly does it mean today, if you say "that person is a millionaire"?
30 years ago, having a few million naira in the bank made you a Nigerian "millionaire," but today, you can barely buy a good car for that amount.
In other words, what level of liquid assets makes one a "millionaire" today in the same sense it did, say 30 years ago?
|Re: Random Question For Nairalanders (what Does This Mean?) by Kriss216: 8:10pm On Jul 15, 2020|
Come again please
|Re: Random Question For Nairalanders (what Does This Mean?) by XXXXTENTACION: 8:19pm On Jul 15, 2020|
O.p please speak english abeg or kukuma break it down to layman terms
|Re: Random Question For Nairalanders (what Does This Mean?) by ramalot(m): 8:32pm On Jul 15, 2020|
I didn't mean to make the question complicated.
It's really a simple question:
When YOU say "that man or woman is a millionaire," (in Nigeria) how much do you imagine that person is worth?
|Re: Random Question For Nairalanders (what Does This Mean?) by Goldenboy10(m): 6:13am On Jul 16, 2020|
ramalot:His or her naira should be approximately 1 million US dollars. That is in my own understanding.
|Re: Random Question For Nairalanders (what Does This Mean?) by ramalot(m): 2:14am On Jul 17, 2020|
So for you to consider a Nigerian in Nigeria a millionaire, they need to have approximately 386 million naira in the bank. All right.
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