FalseProphet1:
I see urchins saying that we Nigerians should be Happy because the inflation is worldwide, I see them going to buy garri and groundnuts on credit to drink after posting, I see most of them avoiding a handful number of streets because they're owing almost all the provision shop owners, I see them still supporting Tinubu.

This I have seen.

alimiadedayo1:

I thought you have brain before so this is reason why you said Naira has purchasing power parity than cedis comparing two commodities prices to justify your claim.. go back to your secondary school and start again..
I want a very cognitive actual fact that is practically application to the reality

alimiadedayo1:

that is a lie we are talking about food my brother not boli and small groundnut.. we are talking of better food.. i spent almost 1.5k yesterday buy ordinary jollof rice and meat yesterday in a small eatery which doesn't cost up to 1k before
our purchase power parity is lower than last 7 years or 10 years ago

mediclife1987:


Does that mean if I carry 1million naira there I'll live a big life?

Pls explain their economy better to me bro...

hakeem4:
so you mean the ghc has better purchasing power to the naira?
Bro common stop this joke.

waice6571:


Wetin you know....? How I wish we can revert to 2015...

backtalkG:
the rising cost of living in Ghana could force Nigerians living there to return or look for a better life in other countries, especially in Europe. We are living dire times

preciousmetals:
I live in Ghana for 27 years now and married to a Ghanaian, the problem this current Government of Nana Akufo Addo put Ghana into Ghana will not come out of it in the next 10 years, Ghana is gone.

Light78:
It's time people should stop drinking beer every weekend.

Things are gonna be hard.

Put the money to good use.

alimiadedayo1:

your family are the one joking saying naira has a powerful purchasing power parity when most everything is costly including food

mediclife1987:


Abeg gimme load down on how to start the biz in Lagos boss...

I wan use like #2million start am next year October when I collect leave for where I dey so.

I'm currently saving my cash in dollars...

nenyewrites:


There is inflation everywhere. Even the whites are complaining.

morikee:


With that 1.5k here in the North i can buy 3 full plates of Jollof Rice all with 2 Meats each I swear to Almighty God and na better food wey go belle full you.

alimiadedayo1:

brother it seems I analysed everything to you that price of food in Nigeria varies in each region and also depending on places where you buy.. I am also in north currently in Abuja
you cannot compare the purchasing power parity of naira last 10 years ago to now go and value the prices of commodities and some other things including car parts and electronics and compare the prices last 8 years ago abi you dont know that exchange rate also determines the ppa value

hakeem4:
You are just an Internet Troll and stay away from my mention please

alimiadedayo1:

there are some factors you need to consider about the purchasing power of currency you are using beer and food as comparison. for beer we have a lot of beer manufacturing companies in Nigeria and the agricultural products they used to produce beer is locally available that is why it is very cheap.. there Re many places in Nigeria today that you will spend up to 3000k for a complete meal before you can satisfy I am not talking about local food vendor and the price of food meal is not the same in every region in Nigeria.. in north is very cheap because they are extensively into farming in south west it is fair in the south east is not that bad then go to south south it is very bad.. so you cannot tell me our currency has a powerful purchasing power with this present economy situation compare to 2015 abi are you not in Nigeria again what we used to buy 1k is not like 5k

Hdhdhd:


Alright Bossman, I have been in this business for 2years now and I know what I have really achieved so far from it. Location doesn't really matter. When you know what you doing and you doing it perfectly fine, people will locate you. Is all about packaging, bro. Do it in a way no one else has done it before and you will see things happen like magic

alimiadedayo1:

bro don't say that people are experiencing worse here.. you dont know that it is painful to discover that our highest currency has no value at all.. can you compare the purchasing power of 1000 naira and 1000 cedis together

Brendaniel:
APC wants to use this information too justify their wickedness on Nigerians - you can see them all over the thread, Don't fall for it...

On a normal day are we supposed to even be comparing Nigeria and Ghana based on what we have as resources - both Human and Natural

Light78:
It's time people should stop drinking beer every weekend.

Things are gonna be hard.

Put the money to good use.

brain54:

Firstly I never said the purchasing power of naira is very strong/powerful. I only stated it is better than the cedi.
You also shot yourself in the foot with your 2015 analogy. Are you saying because you bought some thing in 2015 for 1k and then buy same thing 5k presently that means the purchasing power of the currency is powerful?
As for the factors of production you mentioned…the common man don’t need to know all that or concern himself with the cost of production. What concerns him is how much the end product cost. Again from your anology I can imply or deduce that weak currency or low purchasing power would definitely result in high cost of final goods. This partly can be as a result of the weak purchasing power of of that currency.
Do you get it? I also used food as my example because food is basic and easy to use as comparison.
Baba I think you just muddled up most of your arguments.
Show me anywhere in Nigeria where a plate of food at a road side mama put chop bar sales for 3k and I will close my nairaland accoun.t. You can easily eat 30 cedis here at a local restaurant and not be satisfied. I am not talking of a 2 star hotel. I mean mama put joint.
Someone I know personally bought gobe (beans) some days back for 10 cedis. (1k naira) the quantity you will get for around 150 naira max from the food vendor.
Meaning if he was in Nigeria he would probably add bread,dodo and some cold Pepsi and still get change.
So don’t tell me about factors of production…
If my explanation at this point is not clear to you then I don’t know what else to say to you.
But I hope you get it…

Brendaniel:
APC wants to use this information too justify their wickedness on Nigerians - you can see them all over the thread, Don't fall for it...

On a normal day are we supposed to even be comparing Nigeria and Ghana based on what we have as resources - both Human and Natural

TechW:

Ikpeazu is better than Tinubu. Tinubu only achievement is for his own pocket

waice6571:


How many economics dey inside buhari's head. He inherited a vibrant economy.... 3rd fastest growing economy and wrecked it shamelessly.

Aphrygian:
Baba rest,the guy you quoted understands what you are saying quite well,what he does not want is to believe that Nigeria is still better than some countries,as obidients Nigeria must be painted black to garner votes

Chopcy29:

I and my household are animals with mumu fish brain

Brendaniel:
APC wants to use this information too justify their wickedness on Nigerians - you can see them all over the thread, Don't fall for it...

On a normal day are we supposed to even be comparing Nigeria and Ghana based on what we have as resources - both Human and Natural

LiveWithIt:
Lagos should come to the rescue ASAP..
We don't need someone who will take Nigeria to this kind of fall, we need someone like tinubu, the master planner.