I remember back in the 80s when big brands like Coca-cola would run "Be a Millionaire" Promos. Then, a brand new Peugeot 504 was less that 30,000 Naira. And you could build a modest house for 100,000 Naira. Today, a Million Naira is equivalent to just $2,000 and can barely rent a decent apartment.

I think the term Millionaire should be scraped from our Lexicon because it no longer depicts a wealthy person.

A million naira is not even enough to pay standard 3 bedroom flat annual rent again.