₦airaland Forum

See how dat boy fresh and ur own legs dey.
u sure say na ur pikin?

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.

Very very heartbreaking... #50 naira is next on the exist list.

Nbkay23:
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

You nah 1993 or 1994 child, hahaha,, me nah 1993 shaa

Osiris12:
You no sabi how many years that note take hold ground and how little it too to make tinubu render it valueless

Yes, I agree with you, but the thing is, I have heard the same complaints for as long as I have been on this earth.

Tinubu didn't make five kobo to ten naira worthless. As at 2008, one naira and five naira were worthless, by 2018, ten naira was even worthless, and so forth. By the end of the 1980's half kobo was worthless as was 25 kobo.

See the trend.? Even the N20 would have been worthless ages ago if it wasn't for governments going into debt to pay for it to retain some value, until 2022 forced us to face some home truths.

I blame tinubu, now we all know. How do we solve this problem is now my concern. Unfortunately you do not see that.

RIZLA..., to wrap WEED.., etc

N20 fit buy land for my area. Just hala at me when you ready.

One loaf of bread.

nairalanda1:
Yes, I agree with you, but the thing is, I have heard the same complaints for as long as I have been on this earth.

Tinubu didn't make five kobo to ten naira worthless. As at 2008, one naira and five naira were worthless, by 2018, ten naira was even worthless, and so forth. By the end of the 1980's half kobo was worthless as was 25 kobo.

See the trend.? Even the N20 would have been worthless ages ago if it wasn't for governments going into debt to pay for it to retain some value, until 2022 forced us to face some home truths.

I blame tinubu, now we all know. How do we solve this problem is now my concern. Unfortunately you do not see that.

first, voting tinubu out, replace him with a goat, ram or chicken. Till Nigerians figure a way out and learn how to build a country

Just price pure water. When the person selling say 2 for 50 naira, just say,

"I no get 5 naira. You no gree 20 naira?Na only one I want. Abegi. Aje ma!".

Thank me later after you drink.

Even 100 have no value again talk more of 20

Winterhaven:
20 naira can buy one maggi cube

They don't sell 1. they sell 3 cubes

donmixc:
ole

you are a very wicked child.

ajeh

Na my mama money na

She no complain

seanery:
RIZLA..., to wrap WEED.., etc

😂😂😂😂😂😂🚬🚬🚬

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.

It's both heartbreaking and eye-opening. Inflation has quietly turned what was once real money into almost a symbolic note. Many of us grew up seeing ₦20 as enough for breakfast or school snacks, but today's children see it as something that "cannot buy anything." It's a reminder of how much the cost of living has changed and why so many families are working harder just to maintain the same standard of living. I only hope the next generation gets to experience a stronger economy than the one we're leaving them.

Osiris12:
first, voting tinubu out, replace him with a goat, ram or chicken. Till Nigerians figure a way out and learn how to build a country

Most of you want your leader to do what tinubu is doing.

Tinubu supporters too want the same

Nigeria needs to make some very hard choices, but both sides , yes, aren't interested in removing power subsides, actually fighting corruption, making sure everyone pays income tax, including the rich and those in the informal sector, borrowing for sane projects like a decent railway system for logistic costs to be reduced, promoting industrialization instead of importation and so on

We have been pushing off good decisions until the ' dust under the carpet' gets too big to ignore. Removing fuel subsidy was a good example of that thing.

If we had made hard choices since independence, to be a producer economy, instead of an importer economy we would have been better by now.

But ye all don't want that.

E

Mathain19:
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

You got the exchange rate wrong. It's the other way round. It's 120 Naira to one Ghana cedis.

Thanks for the observation

manitobor:
E


You got the exchange rate wrong. It's the other way round. It's 120 Naira to one Ghana cedis.

20 Naira can buy me 27 tubers of yam, 17 baskets of rice, 60 loaves of bread, and 5 kilo of meat. I'm a supporter of Gbola Tilumbu.

It can’t buy even 1 chewing gum. Are they still printing them?

Nothing nah

Retailers know say e go buy 1 cube of Maggi.


After Tinubu reelection,1 Maggi go be N50!


Capisce?

I stolen my parents #50,believe me when i got to where to buy table tennis egg,the chemist ask me where did i see the money,if you see speed i ran back home to keep d money back to where i stole it. SWEET FULL MY BODY THROUGH OUT THAT DAY.




Ordinary #50 in 1993/1994

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

. even 50 naira very difficult to find what to buy with 50 naira... biscuits, groundnut, akara is 100 naira.
Tinubu has destroyed this country..it's a pity

dododawa1:
I stolen my parents #50,believe me when i got to where to buy table tennis egg,the chemist ask me where did i see the money,if you see speed i ran back home to keep d money back to where i stole it. SWEET FULL MY BODY THROUGH OUT THAT DAY.




Ordinary #50 in 1993/1994

..why did he ask you that question

ufotunang:
..why did he ask you that question

surprise see little boy then with #50 then.





I think #50 is part or highest currency then.

In northern part of.Nigeria they are still spending 20 naira even 10 naira

I still remember how they spent billions to design these notes those days, shameless….

maggi

It bought me ten dollars. If you like, ask JAMB questions. I go ignore your mentions.

And one APC paid minion was just saying yesterday that it can buy you something in Nigeria. I asked him what it can buy and he hasn't replied since.

₦20 can buy nothing of value.

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.

Let's start by listing all the solid minerals, crude oil and water resources that the government has blatantly left to opportunists and strong men instead of nationalizing their exploitation.

Let's talk about how the government has refused to provide stable power supply for homes and industries and how it has refused to support the agricultural sector.

Countries that depend on taxation are countries that do not have the abundance of natural resources that Nigeria has.

We have no business with tolls and taxation.