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.

israelmao:
Stop shopping for excuses to justify APC mismanagement of Nigerian economy.

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.

ayaobaidowu:
I hope these Ghanaians won't start trooping into Nigeria again.

inoki247:



Abg leave doz kids wey no know anything right now Petrol sells for 17 cedis and diesel 20cedis plus...


How derr people dey cope like this is what I don't understand if a Nigeria stays in Ghana for one week nobody go tell him before he go bak home....

brain54:

We’re exactly are you…

The equivalent of 1000 naira is about 10 cedis…

As for purchasing power naira is better.

If you eat 10 cedis food in Ghana you will not get satisfied. You have not even started. that’s for a meal. I can bet 1000 naira can get you at least two meals.

A bottle of beer is 9 cedis… equivalent of about 900 naira at the road side bar. Not some posh club o!

So that should give you a perspective of the purchasing power of both currencies.

backtovillage:

Turkey's inflation is at 80%. What u say about that . Go find about the rest (EU) US self dey receive inflation wotowoto

alimiadedayo1:

your father school very stupid question from very stupid human being born from a stupid family

hakeem4:
A simple question does not warrant such insult you do not know anything about purchasing power parity, instead of you to ask questions so we can enlighten you, you decided to stick to insult.

Ireportlive:
Gbese

LeoDeKing:

That is according to ipob bureau of statistics.

GeneralDae:

3rd fastest growing economy for your village?

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

Jayphoenix45:
..

Bro you know it very well. You won't believe how much I spend weekly!! My wife went to market recently and 2000 cedis had no impact!! I went to the kitchen and was like "babe you didn't go to the market again"? She went but bro a bag of nigerian rice now sells at 700 cedis in madina market and 25kg of vegetable oil sells at 600 cedis now how much is left? No matter how bad things are in nigeria, you won't say 200k naira won't stock your kitchen

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

Eriokanmi:
Inflation is a global issue. Nigeria isn't alone in this situation. But had our economy and resources been managed well, had no crude theft been in place, we'd have fared much more better as a country. I remember a time the whole world went into a recession. Nigeria didn't even feel it as much as our neighbours and developed economies did.

Today, cefa has overtaken naira,.making naira one of the worst performing currencies in Africa today .

Ckonnet:
Atleast they are sincere with their figures, when release naija statistics, you will be wondering if it's the same country that Buhari is the president

hakeem4:
A simple question does not warrant such insult you do not know anything about purchasing power parity, instead of you to ask questions so we can enlighten you, you decided to stick to insult.

cyrilamx:
This is where u goof. Remember in 2007, Ghana redenominated her currency, which is a simplification of nominal value of currency by reducing digit (zero number) without reducing the real value of the currency. Thus removing 4 zeros from their currency to make it look strong where by in reality it is nothing. Thus 1 Cedi is in reality 10000 cedis. Thus Nigeria naira has more purchasing power to the cedi. N1000 is far stronger than 10000 cedi. https://www.pwc.com/gh/en/publications/redenomination-of-the-cedi.html

alimiadedayo1:

you have no sense if you have sense you will not be asking that stupid question.. instead of you to counter me with a cognitive facts you are asking a very stupid question that shows you lack common intelligence
if you know about purchasing power parity as you claim you cannot be telling me naira has a purchasing power parity with this current economy of this country.. maybe you are living in another country apart from this country

d142475:


1k can get you better boil and small groundnu and pure water, That one go belle food you.

hakeem4:
A simple question does not warrant such insult you do not know anything about purchasing power parity, instead of you to ask questions so we can enlighten you, you decided to stick to insult.

hakeem4:
I just asked a question about the school you went to, so as my children would not have to attend such mediocre school.

Naira has a higher purchasing power parity than the Ghc. lets use the official rate to judge

a bag of pure water in Nigeria is around 200-250 naira whilst in Ghana, it is 10GhC (311naira). and so on and so forth

WayoProphet:
You won't see Petrodollar and the other chale that has been running their mouths how Ghana is heaven. Very soon your girls will be trooping into Nigeria to do prostitution as it were before.