₦airaland Forum

PDPdestroyer:
That’s just 108,000 naira, how is that a bundle of cash? Poverty die by fire

That's a very big money bros, and it's not supposed to be like that normally.

How can 800 Ghanian cedis be equal to 108,000 Nigerian naira

Normally it's not supposed to be so....

800 cedis supposed to be around 1,200 naira normally...

Apc government don drag Nigerians back to poor, it's very sad bros.

Make we de try to de talk truth give ourselves, no matter what even though na our Kingsman be President.
$

njokuuche77:
Let’s be factual and not emotional. Ghana’s currency situation is often misunderstood. Ghana redenominated its currency in 2007 (₵10,000 old Ghana cedis became ₵1 new Ghana cedis), which reduced note volume but did not magically make the economy stronger. What matters is the purchasing power and macro-economic stability, not how many notes you hold.

Nigeria, on the other hand, did not redenominate the naira, and combined with heavy import dependence, FX shortages, inflation, and weak productivity, the naira has lost significant value over time. That’s why you see large bundles of cash that buy less in real terms.

In practical terms, Ghana’s economy is smaller than Nigeria’s, but it has benefited from relatively better fiscal discipline, clearer monetary signaling, and export diversification (gold, cocoa, oil). Nigeria’s economy is larger but structurally weaker due to over-reliance on oil, low industrial output, and FX mismanagement.

So this video is not a victory. It’s a reminder that currency strength is about confidence, production, and policy, not bundle size.

Jakarta:
Way you fly lost from my mention. Folks like you are the problems of this country. Given our vast natural resources and human capital, should we be comparing anything with Ghana? So if they ask you what is the exchange rate for NGN - GHS you will say it is ₦133 - 1000GHS? A failure will never run out of excuses.

Richtaiwo:
Contrary to the drama he’s trying to stage, nothing, absolutely nothing, is easy anywhere in the world. Life is not a roadside promo where currencies are exchanged with vibes and confidence.

So, since he’s proudly waving that bundle of naira and announcing it equals 800 cedis, perhaps he should also enlighten us, how long did it take him to earn it? Or is he implying that the same sweat that coughs out N800 in Nigeria will magically summon 800 cedis in Ghana?

Yes, a thousand dollars today is roughly N1.5 million. Very impressive. But let’s not insult basic reasoning, is the effort required to earn N1,000 the same effort needed to earn $1,000? Is it equally likely that someone will casually gift you N1,000 the same way an American will casually gift you $1,000? If that were true, birthdays in Lagos would look like Wall Street bonuses.

We constantly hear of people earning $2,500–$3,000 monthly abroad. Fair enough. But has anyone ever heard of someone in US, same job category, same skill level as Nigeria, earning $300,000 monthly in the US? If yes, please provide evidence, not vibes.

Yes, the naira is weak. Nobody is disputing that. But turning every exchange rate comparison into a circus act is unnecessary exaggeration. Currency value is not a comedy skit, and economics is not impressed by social media mockery. Let’s tone down the theatrics and apply a little sense, just a little.

Meanwhile, Ghana redominated its currency not quite long ago. I know most don't even understand what that means.

Richtaiwo:
Contrary to the drama he’s trying to stage, nothing, absolutely nothing, is easy anywhere in the world. Life is not a roadside promo where currencies are exchanged with vibes and confidence.

So, since he’s proudly waving that bundle of naira and announcing it equals 800 cedis, perhaps he should also enlighten us, how long did it take him to earn it? Or is he implying that the same sweat that coughs out N800 in Nigeria will magically summon 800 cedis in Ghana?

Yes, a thousand dollars today is roughly N1.5 million. Very impressive. But let’s not insult basic reasoning, is the effort required to earn N1,000 the same effort needed to earn $1,000? Is it equally likely that someone will casually gift you N1,000 the same way an American will casually gift you $1,000? If that were true, birthdays in Lagos would look like Wall Street bonuses.

We constantly hear of people earning $2,500–$3,000 monthly abroad. Fair enough. But has anyone ever heard of someone in US, same job category, same skill level as Nigeria, earning $300,000 monthly in the US? If yes, please provide evidence, not vibes.

Yes, the naira is weak. Nobody is disputing that. But turning every exchange rate comparison into a circus act is unnecessary exaggeration. Currency value is not a comedy skit, and economics is not impressed by social media mockery. Let’s tone down the theatrics and apply a little sense, just a little.

Meanwhile, Ghana redominated its currency not quite long ago. I know most don't even understand what that means.

Glimpsetv:

https://www.youtube.com/watch?v=Cz9sAS6rLeE?si=iFVow9KJYgwzhhoe





https://gtvdaily.com/excited-nigerian-man-flaunts-naira-bundle-800-ghana-cedis/

Richtaiwo:
Contrary to the drama he’s trying to stage, nothing, absolutely nothing, is easy anywhere in the world. Life is not a roadside promo where currencies are exchanged with vibes and confidence.

So, since he’s proudly waving that bundle of naira and announcing it equals 800 cedis, perhaps he should also enlighten us, how long did it take him to earn it? Or is he implying that the same sweat that coughs out N800 in Nigeria will magically summon 800 cedis in Ghana?

Yes, a thousand dollars today is roughly N1.5 million. Very impressive. But let’s not insult basic reasoning, is the effort required to earn N1,000 the same effort needed to earn $1,000? Is it equally likely that someone will casually gift you N1,000 the same way an American will casually gift you $1,000? If that were true, birthdays in Lagos would look like Wall Street bonuses.

We constantly hear of people earning $2,500–$3,000 monthly abroad. Fair enough. But has anyone ever heard of someone in US, same job category, same skill level as Nigeria, earning $300,000 monthly in the US? If yes, please provide evidence, not vibes.

Yes, the naira is weak. Nobody is disputing that. But turning every exchange rate comparison into a circus act is unnecessary exaggeration. Currency value is not a comedy skit, and economics is not impressed by social media mockery. Let’s tone down the theatrics and apply a little sense, just a little.

Meanwhile, Ghana redominated its currency not quite long ago. I know most don't even understand what that means.

Glimpsetv:

https://www.youtube.com/watch?v=Cz9sAS6rLeE?si=iFVow9KJYgwzhhoe





https://gtvdaily.com/excited-nigerian-man-flaunts-naira-bundle-800-ghana-cedis/

Vision101:
Poor you and empty assumptions. Check political and economic history. Natural resources alone don't make nations rich. If it is African countries wouldn't have been the richest. Who is comparing Ghana and Nigeria. Is there any basis for such? Lagos economy is the fifth largest economy in Africa.

Someone like you that rides on degrading Nigeria and hyping anything from other countries brought up an unintelligent comparison just to mock Nigeria for whatever they think that they gain and some people like me showed the emptiness of his economic logic.

Richtaiwo:
Contrary to the drama he’s trying to stage, nothing, absolutely nothing, is easy anywhere in the world. Life is not a roadside promo where currencies are exchanged with vibes and confidence.

So, since he’s proudly waving that bundle of naira and announcing it equals 800 cedis, perhaps he should also enlighten us, how long did it take him to earn it? Or is he implying that the same sweat that coughs out N800 in Nigeria will magically summon 800 cedis in Ghana?

Yes, a thousand dollars today is roughly N1.5 million. Very impressive. But let’s not insult basic reasoning, is the effort required to earn N1,000 the same effort needed to earn $1,000? Is it equally likely that someone will casually gift you N1,000 the same way an American will casually gift you $1,000? If that were true, birthdays in Lagos would look like Wall Street bonuses.

We constantly hear of people earning $2,500–$3,000 monthly abroad. Fair enough. But has anyone ever heard of someone in US, same job category, same skill level as Nigeria, earning $300,000 monthly in the US? If yes, please provide evidence, not vibes.

Yes, the naira is weak. Nobody is disputing that. But turning every exchange rate comparison into a circus act is unnecessary exaggeration. Currency value is not a comedy skit, and economics is not impressed by social media mockery. Let’s tone down the theatrics and apply a little sense, just a little.

Meanwhile, Ghana redominated its currency not quite long ago. I know most don't even understand what that means.

Richtaiwo:
Contrary to the drama he’s trying to stage, nothing, absolutely nothing, is easy anywhere in the world. Life is not a roadside promo where currencies are exchanged with vibes and confidence.

So, since he’s proudly waving that bundle of naira and announcing it equals 800 cedis, perhaps he should also enlighten us, how long did it take him to earn it? Or is he implying that the same sweat that coughs out N800 in Nigeria will magically summon 800 cedis in Ghana?

Yes, a thousand dollars today is roughly N1.5 million. Very impressive. But let’s not insult basic reasoning, is the effort required to earn N1,000 the same effort needed to earn $1,000? Is it equally likely that someone will casually gift you N1,000 the same way an American will casually gift you $1,000? If that were true, birthdays in Lagos would look like Wall Street bonuses.

We constantly hear of people earning $2,500–$3,000 monthly abroad. Fair enough. But has anyone ever heard of someone in US, same job category, same skill level as Nigeria, earning $300,000 monthly in the US? If yes, please provide evidence, not vibes.

Yes, the naira is weak. Nobody is disputing that. But turning every exchange rate comparison into a circus act is unnecessary exaggeration. Currency value is not a comedy skit, and economics is not impressed by social media mockery. Let’s tone down the theatrics and apply a little sense, just a little.

Meanwhile, Ghana redominated its currency not quite long ago. I know most don't even understand what that means.

Konskott:
Meaning that Ghana cedis is stronger than the naira.

ruffhandu:
Bro, your argument is in the right direction but the numbers don't really align. What should be looked at is the quality of life, and the value of what you have left at the end of the month.
$1,000= N1,500,000
An average minumum wage person can earn $1,000 where usd is used, pay rent of say $400, feed and clothe, and manage to keep $100-$200 in a month.
$100= N150,000

Check out the same person living in Nigeria with his frugality.
Cannot earn N1,500,000
Let's say he earns about N200,000. After rent and feeding will he be able to save up to N150,000?

I think this is how to torchlight this matter.

No matter how expensive stuff are where you live, the bottom line is how much you are able to keep at the end of the day, valued according to international standard.

Richtaiwo:
Contrary to the drama he’s trying to stage, nothing, absolutely nothing, is easy anywhere in the world. Life is not a roadside promo where currencies are exchanged with vibes and confidence.

So, since he’s proudly waving that bundle of naira and announcing it equals 800 cedis, perhaps he should also enlighten us, how long did it take him to earn it? Or is he implying that the same sweat that coughs out N800 in Nigeria will magically summon 800 cedis in Ghana?

Yes, a thousand dollars today is roughly N1.5 million. Very impressive. But let’s not insult basic reasoning, is the effort required to earn N1,000 the same effort needed to earn $1,000? Is it equally likely that someone will casually gift you N1,000 the same way an American will casually gift you $1,000? If that were true, birthdays in Lagos would look like Wall Street bonuses.

We constantly hear of people earning $2,500–$3,000 monthly abroad. Fair enough. But has anyone ever heard of someone in US, same job category, same skill level as Nigeria, earning $300,000 monthly in the US? If yes, please provide evidence, not vibes.

Yes, the naira is weak. Nobody is disputing that. But turning every exchange rate comparison into a circus act is unnecessary exaggeration. Currency value is not a comedy skit, and economics is not impressed by social media mockery. Let’s tone down the theatrics and apply a little sense, just a little.

Meanwhile, Ghana redominated its currency not quite long ago. I know most don't even understand what that means.

njokuuche77:
Let’s be factual and not emotional. Ghana’s currency situation is often misunderstood. Ghana redenominated its currency in 2007 (₵10,000 old Ghana cedis became ₵1 new Ghana cedis), which reduced note volume but did not magically make the economy stronger. What matters is the purchasing power and macro-economic stability, not how many notes you hold.

Nigeria, on the other hand, did not redenominate the naira, and combined with heavy import dependence, FX shortages, inflation, and weak productivity, the naira has lost significant value over time. That’s why you see large bundles of cash that buy less in real terms.

In practical terms, Ghana’s economy is smaller than Nigeria’s, but it has benefited from relatively better fiscal discipline, clearer monetary signaling, and export diversification (gold, cocoa, oil). Nigeria’s economy is larger but structurally weaker due to over-reliance on oil, low industrial output, and FX mismanagement.

So this video is not a victory. It’s a reminder that currency strength is about confidence, production, and policy, not bundle size.

Richtaiwo:
Contrary to the drama he’s trying to stage, nothing, absolutely nothing, is easy anywhere in the world. Life is not a roadside promo where currencies are exchanged with vibes and confidence.

So, since he’s proudly waving that bundle of naira and announcing it equals 800 cedis, perhaps he should also enlighten us, how long did it take him to earn it? Or is he implying that the same sweat that coughs out N800 in Nigeria will magically summon 800 cedis in Ghana?

Yes, a thousand dollars today is roughly N1.5 million. Very impressive. But let’s not insult basic reasoning, is the effort required to earn N1,000 the same effort needed to earn $1,000? Is it equally likely that someone will casually gift you N1,000 the same way an American will casually gift you $1,000? If that were true, birthdays in Lagos would look like Wall Street bonuses.

We constantly hear of people earning $2,500–$3,000 monthly abroad. Fair enough. But has anyone ever heard of someone in US, same job category, same skill level as Nigeria, earning $300,000 monthly in the US? If yes, please provide evidence, not vibes.

Yes, the naira is weak. Nobody is disputing that. But turning every exchange rate comparison into a circus act is unnecessary exaggeration. Currency value is not a comedy skit, and economics is not impressed by social media mockery. Let’s tone down the theatrics and apply a little sense, just a little.

Meanwhile, Ghana redominated its currency not quite long ago. I know most don't even understand what that means.

StoryHaven:
And that 800 cedis is 8million cedis in the original value. Just add four zeros that their Central Bank struck out of cedis back and Gbam! Yould get the original value.
The government did that to make movement of money easy. That guy would have carried loads of cedis notes. He would have needed a whil-barrow.

So the guy changed 8 million cedis to 100,624naira not 800 cedis.
So which currency is stronger.

So,If Nigerian government decides to strike four zeros off naira too. That means the fake 800 cedis would be new Nigerian naira= 10naira.

Stephen0mozzy:
Even in analysis of earning power against purchasing power, the naira is STILL useless. Let's call a spade a spade. Make una no dey formm rubbhesh patriot.

The dollar you're talking about, at an average of $17/hr; that 17dollars can get you a decent lunch or some groceries ( so you can work one 8hr-day and and be able to feed yourself for almost 4 days - in Nigeria, at minimum wage of #70k (#2,500 per day, roughly #300 per hour - #300 can only buy you two coaster biscuits of 4pieces each).

So if you're calculating, be detailed.

Richtaiwo:
Please which country pays minimum wage of $1k?

In the case of the Ghana Cedis, are you aware what you call 10 Cedis is actually 100,000 Cedis?

The country redominated its currency not quite long. To explain this redomination, let me use the Naira to illustrate.

If Nigeria redominate the Naira exactly how Ghana did, N10,000 will be equivalent to 1N. A person earning minimum wage of N70k will start earning N70 and will still have exactly the same value as N70k. That is what happened there.

ruffhandu:
Bro, your argument is in the right direction but the numbers don't really align. What should be looked at is the quality of life, and the value of what you have left at the end of the month.
$1,000= N1,500,000
An average minumum wage person can earn $1,000 where usd is used, pay rent of say $400, feed and clothe, and manage to keep $100-$200 in a month.
$100= N150,000

Check out the same person living in Nigeria with his frugality.
Cannot earn N1,500,000
Let's say he earns about N200,000. After rent and feeding will he be able to save up to N150,000?

I think this is how to torchlight this matter.

No matter how expensive stuff are where you live, the bottom line is how much you are able to keep at the end of the day, valued according to international standard.

Dreal1247:
When the head is valueless, every other part of the body automatically be comes valueless. We need to go back to the drawing board and upgrade the value of the Nigerian Naira.

internationalman:
Bro you are even comparing a minimum wage earner abroad with a high income earners in Nigeria. Why not compare likes for likes. The population of people that earn 200k is low. Most people fall between 70k and 150k.

Trust me, if those people in Nigeria are to feed with enough proteins included in their meals like people abroad do, their 150k won't feed them for month.

ruffhandu:
My dear, i was just being conservative, very conservative. The guy has npt even really grabbed my point, he still argued this.