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Nairaland Forum / Nairaland / General / Politics / Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! (16939 Views)
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Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by PrudencyFeats: 11:38am On Sep 24, 2020 |
rottennaija: He said N500 will buy you a pack of bottle water right? Now how many bottle water can you buy with N500 in the US? With $1 you buy a pack of bottled water here! Therefore $1 = N500 Meaning there money is 500 times higher than your own. Hope you learn small here. |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by Kpomosauce: 11:43am On Sep 24, 2020 |
Openbusiness:Bro the dumbness of most Nigerians is appalling. I no even dey reply mentions again |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by rottennaija(m): 11:46am On Sep 24, 2020 |
PrudencyFeats: And yet, can that 1$ buy the same value within US? Can 1$ buy the pack there? |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by mithras(m): 11:47am On Sep 24, 2020 |
why is this not still in Front page |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by rottennaija(m): 11:49am On Sep 24, 2020 |
XXXXTENTACION: And yet you cannot refute his propaganda. His point is made. For, locally produced goods within the same framework of the equivalent money, Naira has more purchasing power than the dollars. 2 Likes |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by mithras(m): 11:49am On Sep 24, 2020 |
Openbusiness: Guy oil dey your head! Truly you're well read |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by rottennaija(m): 11:50am On Sep 24, 2020 |
Xclusiveme: Stop insulting people. Present facts and figures. |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by mithras(m): 11:52am On Sep 24, 2020 |
rottennaija: I don't know why must Nigerians behave like barbarians, can't you present your fact devoid of insults, it truly shows you're empty if you cannot present your opinions without insults, no cap |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by Nobody: 11:55am On Sep 24, 2020 |
rottennaija: Please don't argue with them again. They do not understand the basics . Let them keep comparing $1 to 1 naira. 1 Like |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by Bosenan: 12:12pm On Sep 24, 2020 |
Lol..the author of this article is either been deliberately misleading or just not bright. He claims to be comparing the value of currencies whereas he is actually comparing the cost of living. While you are at it, make sure to compare the minimum wage per hour in Nigeria (188Naira/0 4$) to that of the US(3625Naira/7.25$) and the Uk (3930-5232Naira/6.55-8.72£) using your exch rates and also inquire on what percentage of our 18+ population earn up to the 30k minimum wage monthly. My problem with Nigerians is that once some of us are comfortable we tend to forget that the majority amongst us can barely afford the very basic needs of life Since we are comparing "economic indices" why did he not compare the inflation rate here >12% and <2% in those places? Mumu post 4 Likes |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by tensazangetsu20(m): 12:14pm On Sep 24, 2020 |
Openbusiness: Bro you are even trying to reply them. This past few years has really let me know that we have extremely foolish people in Nigeria Including the ones who speak big grammar. God forbid that my children will see Nigeria. You think we are bad now, things are going to be much worse in the future at the rate we are going if something drastic isn't done. 1 Like 1 Share |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by Openbusiness: 12:16pm On Sep 24, 2020 |
Kpomosauce:Don't mind dem, dey just make my head spark dis morning. $1,000,000 = N460,000,000 It is easier for an average American to make $1m dollars than for an average Nigerian to make N460m in a life time under the 2 economies separately and independently. 2 Likes |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by Stillthebest: 12:22pm On Sep 24, 2020 |
Great piece there and it was all true but still the purchasing powers of dollars and pounds in those owning countries are as hard as gem stones. Those whites too complain about how hard it is for them to pay their bills. The only difference is that they get paid with equivalent of their workloads while in Nigeria workers get paid less and below. But my stand out on your piece OP, is that, stop mentioning Dino melaye. He did nothing wrong. If he had never being in charge of any treasury as a state Gov, Minister, perm sec, dep. Gov, president or the vice of the president but has only been a Senator and a house of reps members which had made him to earn same way the other reps members and senators earn and not more, then there is no reason bringing him to any mud. Instead every senators and reps should be dragged because ir only shows that all of them have the same spending powers but are busy spending theirs on girls and concubines while Melaye enjoys spending his on himself. So if no authority thinks of quizzing him over his wealth while he has no other source of income than being in the aforementioned positions, we should just leave him alone. As for me i dont say what I can't prove or base my judgement on what people say or what I feel but not what I know. |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by KendrickAyomide: 12:23pm On Sep 24, 2020 |
mithras:no mod will be stupid enough to push this Trash to front page |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by XXXXTENTACION: 12:24pm On Sep 24, 2020 |
rottennaija:here its simple what can you buy with 4 naira in Nigeria or abroad but with $4 dollars you can buy things both home and abroad |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by KendrickAyomide: 12:25pm On Sep 24, 2020 |
rottennaija:it's either you wasted your school fees or you're a Troll. 2 Likes |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by orisa37: 12:28pm On Sep 24, 2020 |
Starcrest1: In NIGERIA, it's more valuable than other Foreign Currencies because it's very illegal to spend other Currencies anywhere in NIGERIA except at the CBN. |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by olisaEze(m): 12:32pm On Sep 24, 2020 |
Oga Eruobodo, u have no idea of what ure talking about! U are no different from d Dino u seem to want to unintelligently shade. Ure comparing purchasing power of d naira/dollar vis-à-vis finished products and I can tell that u have never left d shores of Nigeria, and have arrived at ur conclusions via second hand stories from friends of a friend abroad. The bread u used as an example is made with products that are 90% imported. The bottle water u have so happily costed as cheap is made with imported equipments and materials. Ur country is presently killing off small businesses, while America is known as a country of mom&pop (small scale) businesses. In short, in d words of Asari Dokubo, U think say u wise ure a MUMU MAN!! |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by Okoroawusa: 12:33pm On Sep 24, 2020 |
Wow!...I have looked at the naira/dollar exchange rate from this angle. Quite an interesting n educative read. Let me reserve my opinion on what the op wrote to myself. |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by Okoroawusa: 12:35pm On Sep 24, 2020 |
KendrickAyomide:How market? |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by PrudencyFeats: 1:00pm On Sep 24, 2020 |
rottennaija: Since its $1 - N500 yes it can buy it Now ask yourself can your N1 buy 1 bottle water there... So your money is less valued in thier country while there $1 has more bere |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by Openbusiness: 1:05pm On Sep 24, 2020 |
tensazangetsu20:The article is obviously a paid propaganda to defend the economic failure of this current regime that has further bastardized the naira from the $1 = N220 they claimed was a disaster under the GEJ govt that pushed it from 180. But all na wash. All through my primary school and up to form 2, my brother na coins I dey spend, I never know what it's like to hold paper money. Rich men children of those days they come to school with N5. I went to school with 50kobo, and it's not as if I was from an extremely poor family that lived under the bridge. That 50 kobo sef, we still dey ball and chop life on top. Do the generation of today even.know what coins look like? Maybe if they read text book sha, it might be there. But till today, they are still spending coins in America and Europe, cents and pennies are still part of their purchasing economy and there are things you can buy that cost less than a dollar and pound. Yet one mumu that doesn't know he is a mumu and was probably paid to write a mumu article that will create more mumus like him is now telling us that Naira has more value than Dollar and Pounds. Mtchwwwwwww. Dis kain lie dey provoke person. It means these politicians view majority of Nigerians as idiots. Chaiii! Dey don see Nigerians finish. Na c finish dey cause am. After all, we have around 80 million or more eligible voters, out of which probably 30 million are accredited every election cycle and then 98% of the actual voters queue behind APC OR PDP, 2 certifiable useless evil corrupt parties with nothing to offer other than looting and stealing and oppressing the public to death with taxes and guns. Yet, people cannot say enough is enough, 2023, all of us will queue behind another vibrant party with neutral candidates, not people that are stooges and boys of the political godfathers holding this country to ransom. NO, the voting public are already shouting Atikulation 2023, Jagaban 2023 etc the same PDP and APC. D baba wey tie the minds of 180 million Nigerians and put it inside empty pot and bury it under Aso Rock, na GOD go judge you 2 Likes |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by shugabasbn: 1:13pm On Sep 24, 2020 |
18k minimum wage in Nigeria is how much in Dollar n GBP? How much is minimum wages of people in US and Britiain |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by tensazangetsu20(m): 1:31pm On Sep 24, 2020 |
Openbusiness:Bro Nigeria is a lost cause. The country can't be good ever. We have more foolish people like 99 percent of Nigerians are foolish and in elections majority carries the vote at least America put in electoral college to stop nonsense. Us nothing. |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by AngelicBeing: 1:46pm On Sep 24, 2020 |
Hmmmm |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by googi: 2:13pm On Sep 24, 2020 |
Nigeria is dead. It will take a Nigerian that can form a quorum to wake it up, not Heaven that only helps if you help yourselves. The guy gave you a simple rational way that even a dummy can understand, but miseducated and indoctrinated Africans, operating on mental slavery are comparing one naira to one dollar. Are you educated enough, if you are not old enough to know that one Nigerian pound was one British pound or seven and six pence to a US dollar? What changed? Junk importation, Structural Adjustment and Political Devaluations based outside of gold standard found in abundance in Gold Coast. Nigeria exported less but more important, Nigeria depended much more on local products then. This guy made BUY NIGERIAN products and services into simple a b c d you learned in primary schools. Yet, you guys are comparing US one dollar to one Naira. Who put this curse and indoctrination on you? Oil Income! 1 Like |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by Detour00: 2:23pm On Sep 24, 2020 |
You also shot yourself on the leg. The naira equivalent of one dollar is 500 Kpomosauce: |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by rottennaija(m): 2:46pm On Sep 24, 2020 |
PrudencyFeats: Then clearly you didn't read the post or have not been following the US economy. A 1.5l bottle of water cost 1.82$ (appro. 700 naira in the official exchange rate of 386/1$). A question for you, can you a 1.5l of bottle water in Nigeria, any brand of table water for that more than 300 naira (0.78$) in Nigeria? We understand. Our currency is valued less than the US currency. At the same time, our money have more value for the same good produced within our borders. Our cost of living is low, compared to their own irrespective of how strong their currency is. Imagine someone in the south south that earns 10k per month. But rice is 500/cup, beans is 50/cup and another that earns 50k per month say in the North but rice is 400/cup and bean is 400/cup. Who actually has a lower cost of living? You are pointing their the exchange rate and the obvious fact that our currency is less valuable than the US dollars. But at the equivalent value, whose currency has a higher value for purchase of goods and services at that equivalent value? |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by rottennaija(m): 2:51pm On Sep 24, 2020 |
KendrickAyomide: And yet you have not offered any tangible argument. Just name calling, insult etc. I expected you to offer a tangible proof with facts. |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by rottennaija(m): 2:51pm On Sep 24, 2020 |
XXXXTENTACION:You are still talking trash. Go through my post here to learn one or two things. rottennaija: |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by rottennaija(m): 2:53pm On Sep 24, 2020 |
ethicallyright: It's like they deliberately refuse to read. |
Re: Naira Is More Valuable Than Dollar And Pound. Ignorance Is Killing Us. Wake Up! by KendrickAyomide: 2:55pm On Sep 24, 2020 |
rottennaija:you have been given enough proofs but you keep arguing, so you're a Troll |
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