₦airaland Forum

dododawa1:
surprise see little boy then with #50 then.





I think #50 is part or highest currency then.

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.

DIVINEEVIDENCE:
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.

ufotunang:
..abi..50 naira was like 5,000 naira at that time

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

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

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.

Mathain19:
Thanks for the observation

nairalanda1:
You have missed my point.

Good afternoon, tinubu supporter.

Ushame:
Akamu...


Akara

Suya

Biscuits

Corn

Murketeer:
Una still dey support politicians, dey do tribalism...choii.. Nigerian politicians are so lucky sha...

DeltaBachelor:
That’s Nigeria for you o. Chai

Buhari’ll reduce petrol to N40/L —David-West

FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

https://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC), has promised to ensure that the naira would be equal to the dollar in value if voted into office.

NAN reports that Buhari said this on Monday during the south-east presidential rally of the party at Dan Anyiam Stadium, Owerri.

“It is sad that the value of the naira has dropped to more than N230 to one dollar. This does not speak well for the nation’s economy,” he said.

He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.

https://www.thecable.ng/ill-make-naira-equal-dollar-says-buhari/amp

Ushame:
Akamu...
Akara

Suya
Biscuits
Corn

OkCornel:
Dear sycophants

On August 29 2023, Tinubu’s government promised to create 50 million jobs and revive the economy.

This is almost one year. How far with your messiah’s plan?

Where is the economic revival? Where are the jobs?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

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.

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

APC ruined this country.

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.

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.

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.