₦airaland Forum

treesun:
Nigerians, when last did you see a ₦5, ₦10, or ₦50 note?

Hezzyluv:
Remove #100 from that list, e dey everywhere. #5, #10 & #20 are very difficult to see these days.

Even CBN know they can't produce these lower denominations. Because, it's costlier to produce #50 then the #50 itself.

DMCY:
Nigeria currency now starts at 100 naira nau, funny but true…

JagabanBorgu:
Nigerians and using thèîr my0p!c view on subject matters as a national outlook is the reason why you see some comments like the ones above.
When you travel across Nigeria, try to relate with the average common man, buy things from common stores that the everyday Nigerians buy from in the course of those travels, that's when you can really relate with the country.
#5 notes are well in use, common provision stores give out #5 notes as change to their customers till today.

Georgry:
As a common man what can 5 naira buy for you in your neighborhood?

JagabanBorgu:
First and foremost, I don't use #5, I barely use cash transaction, that is to say, I barely get in touch with cash on my daily transaction, from fuel stations to saloon, everything I do, I barely touch cash, the only reason I touch cash is because I'm traveling and don't want to get stranded in a village or town where cash is very much the means of transaction.

As for your question, it doesn't correlate with the post, #5 infact new #5 notes are still in circulation, from Kaduna to Bauchi to Yobe to Sokoto, these denominations are still in circulation, that's what is relevant to the post, create your own post and I will reply you accordingly.

Georgry:
Long story short, as a common man what can 5 naira buy in your neighborhood? Abi you be senator pikin?

JagabanBorgu:
This theory holds in your house or you are referring to Nigeria as a country where people still use lower denominations for transactions?

JagabanBorgu:
you asked two questions that has no correlation with the topic of discussion.
Bring yourself in tune with the topic of discussion.

treesun:
I have not seen this denominations in the last 5 years!

treesun:
Nigerians, when last did you see a ₦5, ₦10, or ₦50 note?

treesun:
Nigerians, when last did you see a ₦5, ₦10, or ₦50 note?

thisweekng:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Private sector to drive the economy

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/

Larryfest:
Those currencies don't have any value anymore....

Emergingnation:
Flashback: How Bola Tinubu spoke highly of Buhari in 2015, named PDP ‘Poverty Development Party

National leader of the ruling All Progressives Congress, APC, Bola Tinubu had during the presidential campaign in 2015, referred to President Muhammadu Buhari as the only solution for the security and economic challenges facing Nigeria.

During a mega presidential rally, the former governor of Lagos State recalled how some powerful nations in the world returned to army generals when they were challenged, saying “Major General Buhari would revive Nigeria’s economy”.

He named the current opposition People’s Democratic Party, PDP as the “Poverty Development Party saying they had nothing to offer.

His words at the time were; “Every nation has a period of their own challenges, when America was challenged, they turned to one great man, their ex-military general, General Eisenhower. When the French were challenged, they turned to their general, Charles de Gaulle.

“When Britain was challenged, they turned to their general. Today, Nigeria is economically and physically challenged so we turn to General Muhammadu Buhari. He is the right man for the job. If you talk about military experience, he has it abundantly, he has courage, simplicity, he has it abundantly.

“If you talk about great determination, a combination of vision and ability to perform, honesty and integrity, he has it abundantly.

“I laugh when the incapable government, ‘Poverty Development Party’ PDP were talking. They have nothing again to say, they now want to question the qualifications of General Buhari and look for his certificate”.

Following the manifestos in 2015 which projected the APC presidential candidate as a ‘saviour’, Buhari defeated the then incumbent president, Goodluck Ebele Jonathan with Nigerians expecting a total change in security and economy.

https://dailypost.ng/2021/09/01/flashback-how-bola-tinubu-spoke-highly-of-buhari-in-2015-named-pdp-poverty-development-party/