₦airaland Forum

Babalegba:
You don't really understand how the fiat system works . You look at the numerical realities but not the economic realities. Going by your example,then the yen is weaker than the cedi but the reality is that the Japanese economy is so strong that they battle deflation..
The governor of the Zimbabwe Central Bank would give balls just to get the zig on a par with the naira..
The naira is weaker than it should be because Nigerians are economic illiterates, corrupt, selfish,weak and without control.

dynicks:
bro u still wan add pepper to injuryyyyyyy!....kai!!

Wizardslayer:
No let's be realistic here.

Just go and check the value of Togolese currency compared to Naira.

jeff1607:
It won’t hurt if you explained to others rather than complain

Great100000:
Source: https://businessday.ng/bd-weekender/article/20-african-countries-with-stronger-currencies-than-the-naira/

Babalegba:
I've just seen the article at the original website. I feel really sorry for Nigerian education. What happened. People with university degrees cannot even grasp simple things. It is beginning to look like Nigerian education has collapsed.

Sugarboyy:
The explanation is simple. Most of these countries either removed 00 or 000 that's why in the surface it will look like the naira is a gab but in reality the naira has a better purchasing power.
Let me give you an example, to the ignorants, the Ghana cedi is better than the Naira but in reality 1k naira will get you a liter of fuel in Nigeria but 1k cedi will get you about 80 litres of same fuel in Ghana. Ghana minimum wage I think was 300-500 cedis.

Babalegba:
I've just seen the article at the original website. I feel really sorry for Nigerian education. What happened. People with university degrees cannot even grasp simple things. It is beginning to look like Nigerian education has collapsed.

jeff1607:
The purchasing power, I remember Ghana did theirs

Sugarboyy:
The explanation is simple. Most of these countries either removed 00 or 000 that's why in the surface it will look like the naira is a gab but in reality the naira has a better purchasing power.
Let me give you an example, to the ignorants, the Ghana cedi is better than the Naira but in reality 1k naira will get you a liter of fuel in Nigeria but 1k cedi will get you about 80 litres of same fuel in Ghana. Ghana minimum wage I think was 300-500 cedis.

Great100000:
Source: https://businessday.ng/bd-weekender/article/20-african-countries-with-stronger-currencies-than-the-naira/

ImoleNaija:
Stronger currencies....indeed

oneMalik:
All of them together still never reach us in terms of everything !!!!

phr0nesis:
You haven't explained anything. Do you even understand what you wrote up there?
If ₦1,000 gets you 1L of fuel, and 1,000 Cedis get 80L, then it means the Cedis is 80 times better than the Naira. Their minimum wage is 300-500 Cedis, and yours is ₦70,000, and yet you claim our purchasing power is higher. How?

Magnumproperty:
Okay. Watch children of perdition insult Tinubu and they aren't ready to migrate to these countries.

Sugarboyy:
Learn to use the internet more and not solely to chat girls on WhatsApp or watch them twerk on tiktok.
Ghana Government removed 00 from their currency and that's why the cedis that was supposed to be 100 became 1. So what 100 cedis would buy is what they are using 1 cedi to buy now. The 1k naira that even a mad man in Nigeria do have, do you know what it takes to make that same 1k cedis in Ghana?
You guys will just sit in your 1 rooms and be talking trash online. I stayed in Ghana for years and in all ramifications, including currency wise, the naira is more valuable