₦airaland Forum

This morning, I saw my 4 years old son holding a 20 Naira note as he was getting ready for school.

Curious, I asked, "Where did you get that from?"
"It's mine," he replied confidently.

I smiled and asked, "Oh really? What work did you do to earn it?

Without hesitation, he said, "Mummy gave it to me.

Trying to tease him a little, I said, "So you're taking it to school to buy some goodies and enjoy yourself?

He looked at me and calmly replied, "It cannot buy anything.

That one sentence stopped me in my tracks.
I looked at the 20 Naira note over and over again, trying to think of what it could buy here in Ikeja, Lagos.

The truth hit me hard almost nothing. For a moment, I felt overwhelmed with emotion.
Then my mind traveled back to the 1990s.

Back then, the same 20 Naira was enough for my father to leave us money for breakfast. We could buy pap, akara, and sugar, or even share cooked rice sold for 5 naira per plate among four of us.

In those days, if a student was caught with 20 naira in school between 1993 and 1995, it was considered a lot of money.
The principal would probably want to know where it came from, and your parents might be invited to explain.

I also remembered attending a government school in Northern Nigeria. After graduation, when I went to collect my testimonial, the fee was just 15 naira.

Today, 20 naira can barely buy anything.
It's amazing and heartbreaking how much the value of money has changed within a single generation.

What was once enough to feed a family breakfast is now almost insignificant.

Sometimes, it takes the innocent words of a child to remind us just how much the world has changed.

Even if you dash all those almajiri begger kids 20 naira they won't collect and look you with side eye 🙄

nothing oo. There is no chwin gum or sweet of 20 naira. Everything starts from 50 naira.
You can confirm from kids

You can't even see #50 in circulation let alone looking for #20 and what it can buy.

The brains of zom...biesssss

It might buy a tooth pick.
Back then it can buy a car.

Are you really serious, tinubu will never dear ask that question

Please let's start from 100 naira

So, those notes ended up being useless and valueless

They don't even accept it anymore. Those market women will curse you self if you have it 5 notes

20naira is Absolutely nothing to the current Nigeria economy but here in SA you can still use their R20 to buy family size loaf of bread and even get you a bathing soap

Even pure water is 2 for N50. They won't collect N20 from you.

APC ruined this country.

E nor go better for Buhari /Tinubu

It's been a while I see it. O ti pe

It can get you a room in Transcorp with 24 hour WIFI and buffet service & if you add a 10 naira tip, you will get a nice lap dance by 11pm.

I don't even see it in circulation anymore. Where does he get it from? I don't even think they give it out in bank again, it can't buy anything

There was indeed a country!

Lol nah #20 them dey give me in 2003 when I dey primary 2, I remember. Sometimes #10 sef.. but if them give me #20 like this, I dey always happy

add transaction fee... N20 check your NIN. HMU

20 naira can buy one maggi cube

That’s Nigeria for you o. Chai

Does the synthetic #20 still exist? When last have I seen #20

Which language are you trying to write this your grammar dey spin person Brian.
Correct your self.

FlamingBulb:
This morning, I saw my 4 years old son holding a 20 Naira note as he was getting ready for school.

Curious, I asked, "Where did you get that from?"
"It's mine," he replied confidently.

I smiled and asked, "Oh really? What work did you do to earn it?

Without hesitation, he said, "Mummy gave it to me.

Trying to tease him a little, I said, "So you're taking it to school to buy some goodies and enjoy yourself?

He looked at me and calmly replied, "It cannot buy anything.

That one sentence stopped me in my tracks.
I looked at the 20 Naira note over and over again, trying to think of what it could buy here in Ikeja, Lagos.

The truth hit me hard almost nothing. For a moment, I felt overwhelmed with emotion.
Then my mind traveled back to the 1990s.

Back then, the same 20 Naira was enough for my father to leave us money for breakfast. We could buy pap, akara, and sugar, or even share cooked rice sold for 5 naira per plate among four of us.

In those days, if a student was caught with 20 naira in school between 1993 and 1995, it was considered a lot of money.
The principal would probably want to know where it came from, and your parents might be invited to explain.

I also remembered attending a government school in Northern Nigeria. After graduation, when I went to collect my testimonial, the fee was just 15 naira.

Today, 20 naira can barely buy anything.
It's amazing and heartbreaking how much the value of money has changed within a single generation.

What was once enough to feed a family breakfast is now almost insignificant.

Sometimes, it takes the innocent words of a child to remind us just how much the world has changed.

Stole my mum #20 way back then, l flex for a whole week buying meatpie that was 50kobo everyday
Gone are those days

Ordinary condom e no fit buy again. Everything don dey expenses now.

Nigeria has said the same thing about half kobo (already useless in 1987), five kobo, one kobo, ten kobo, fifty kobo, 25 kobo, 1 naira, five naira, ten naira, and now 20 naira.

Meanwhile they miss the real problem

Your economy since indepndence has been based on exporting raw materials which are processed and then imported as finished products which are more expensive then the raw materials ye sold. Ye also do not control the prices of the raw materials. As a result, the value of your naira is falling because we don't have enough forex to buffer it.

A country where people are more interested in free electricity and free fuel is never going to have enough money to make sure those things are made in nigeria, and by extension is not going to have much of an industrial sector. Our roads are bad because anytime tolling them is suggested, people cry corruption and so forth.

And the funny thing is that people really do not want to fight corruptuon. For example , I think that GEJ, Tinubu, Obi and buhari should all be investigated for corruption

(Watch as their supporters pile in on me).

A country where most people do not pay tax or tarrif in full for service, and at the same time insists on importing everything (most people dream of opening shops full of imported stuff for sale, not of making things)....is a country that is going to have a weak economy and a awful society with no jobs and the resulting problem of insecurity. Hello, Nigeria.

But the children here don't get it. All they prefer to do is to throw mud at passing cars and passers by. And laugh as if they have done something. While they feed their sacred cows with imported cow feed.

a wrap of weed was N20 in late 90s, and white london was 3sticks for N5 only benson was 1stick for N5

louqas:
Stole my mum #20 way back then, l flex for a whole week buying meatpie that was 50kobo everyday
Gone are those days

ole

you are a very wicked child.

ajeh

The devaluation of Nigeria currency is alarming to the extent Ghana currency is currently dominating the naira at 120 Ghana cedi s per naira, Some Africa country now have strong financial strength than the self acclaimed Giant of Africa. Shame on All financial institution management of Nigeria

Haven't seen that shit for a long long time

Akamu...


Akara

Suya

Biscuits

Corn

U go fit buy 2cubes Maggi or 1 sachet pure water 💧

nairalanda1:
Nigeria has said the same thing about half kobo (already useless in 1987), five kobo, one kobo, ten kobo, fifty kobo, 25 kobo, 1 naira, five naira, ten naira, and now 20 naira.

Meanwhile they miss the real problem

Your economy since indepndence has been based on exporting raw materials which are processed and then imported as finished products which are more expensive then the raw materials ye sold. Ye also do not control the prices of the raw materials. As a result, the value of your naira is falling because we don't have enough forex to buffer it.

A country where people are more interested in free electricity and free fuel is never going to have enough money to make sure those things are made in nigeria, and by extension is not going to have much of an industrial sector. Our roads are bad because anytime tolling them is suggested, people cry corruption and so forth.

And the funny thing is that people really do not want to fight corruptuon. For example , I think that GEJ, Tinubu, Obi and buhari should all be investigated for corruption

(Watch as their supporters pile in on me).

A country where most people do not pay tax or tarrif in full for service, and at the same time insists on importing everything (most people dream of opening shops full of imported stuff for sale, not of making things)....is a country that is going to have a weak economy and a awful society with no jobs and the resulting problem of insecurity. Hello, Nigeria.

But the children here don't get it. All they prefer to do is to throw mud at passing cars and passers by. And laugh as if they have done something. While they feed their sacred cows with imported cow feed.

You no sabi how many years that note take hold ground and how little it too to make tinubu render it valueless