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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 undecided
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:
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?

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
Goldenboy10:

His or her naira should be approximately 1 million US dollars. That is in my own understanding.

So for you to consider a Nigerian in Nigeria a millionaire, they need to have approximately 386 million naira in the bank. All right.
Re: Random Question For Nairalanders (what Does This Mean?) by GorillaApp(m): 11:57am On Dec 25, 2022
ramalot:
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?

For me, anything from a hundred million grin

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Re: Random Question For Nairalanders (what Does This Mean?) by ramalot(m): 11:11pm On Dec 25, 2022
Justwise and DisGuy

Hi, it appears the Nairaland spam bot restricted my posting access to my thread and the Travel section https://www.nairaland.com/7484940/lived-visited-over-30-countries

Happened after I posted a google link about an hour ago. Not sure why. Please restore access, so I can answer additional pending questions people have. Thanks.
Re: Random Question For Nairalanders (what Does This Mean?) by Ballzproblem2: 11:51pm On Dec 25, 2022
ramalot:
Justwise and DisGuy

Hi, it appears the Nairaland spam bot restricted my posting access to my thread and the Travel section https://www.nairaland.com/7484940/lived-visited-over-30-countries

Happened after I posted a google link about an hour ago. Not sure why. Please restore access, so I can answer additional pending questions people have. Thanks.

just create another monicker and name it ramalot2 just like the 2 implies in my funny moniker, people will still know it's you
Re: Random Question For Nairalanders (what Does This Mean?) by ramalot(m): 12:55am On Dec 26, 2022
Ballzproblem2:
just create another monicker and name it ramalot2 just like the 2 implies in my funny moniker, people will still know it's you

Thanks, but it's fine. I'll wait until they reactivate it, or the ban expires tomorrow night. I did post with a different account I have.
Re: Random Question For Nairalanders (what Does This Mean?) by eazzzy1(m): 7:58pm On Dec 26, 2022
1 million in the currency you earn and spend in makes you a millionaire. According to the world bank, to be categorized as wealthy, you would have a net worth of at least 1.8m USD.

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