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Nairaland Forum / Nairaland / General / Business / Why Don't We Use Coins In Nigeria? (8107 Views)
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Why Don't We Use Coins In Nigeria? by r231(m): 6:48am On Jan 26, 2010 |
In all countries of europe and america,their coins are in use.Why is nigerian coins not?Is it bc we are richer than all other countries or what? |
Re: Why Don't We Use Coins In Nigeria? by neily(f): 7:59am On Jan 26, 2010 |
Soludo tried to bring back the coins but the mentality of the people could not curtail it. When i tried to find out why they rejected they said its because its heavy. But thats not an excuse even others have it without any complain. |
Re: Why Don't We Use Coins In Nigeria? by schmuck(m): 9:30am On Jan 26, 2010 |
Coins ![]() ![]() Our money is near being valueless. What can a coin buy ![]() A lemon sweet is being sold for N5/one. Except you go to Shoprite . That was the place I saw a coin last. ![]() |
Re: Why Don't We Use Coins In Nigeria? by Spyker: 11:02am On Jan 26, 2010 |
Coins? Our money is almost valueless and how much does a candy cost? N5.00 does not have a value, so why would the coins be used? |
Re: Why Don't We Use Coins In Nigeria? by Senatorx2: 2:04pm On Jan 26, 2010 |
it is becos even the average nigerian, does not value the coins, We need use it |
Re: Why Don't We Use Coins In Nigeria? by 3dhunter(m): 2:09pm On Jan 26, 2010 |
Increase the value of the COIN and definitely, we would start using them. |
Re: Why Don't We Use Coins In Nigeria? by sayso: 2:11pm On Jan 26, 2010 |
that coin thing is a potential weapon you know |
Re: Why Don't We Use Coins In Nigeria? by dkings101(m): 2:14pm On Jan 26, 2010 |
At least they should introduce pay-phone on the streets where you can make calls with coins or clean water machine which you can refill your bottle with coins, |
Re: Why Don't We Use Coins In Nigeria? by otawa: 2:17pm On Jan 26, 2010 |
good question. this is psyco-related if you ask me. Everyone like to be a big man and you dont want to be seen carrying about 'jingling coins' in your pocket. At least they should introduce pay-phone on the streets where you can make calls with coins or clean water machine which you can refill your bottle with coins, Nitel had this in good old days, area boyz tap the line and everyone call for free. |
Re: Why Don't We Use Coins In Nigeria? by THEAMAKA(f): 2:18pm On Jan 26, 2010 |
there are coins in Nigeria, right? 1 and 2 naira coins? but its worthless!!!! so what's the point of using them? |
Re: Why Don't We Use Coins In Nigeria? by DisGuy: 2:20pm On Jan 26, 2010 |
neily: sorry how did he try it? he only redesigned them or change their color If they can put th price of petrol at say 67Naira N68 or 103 then people should always ask for their change!!! they should stop rounding off the price |
Re: Why Don't We Use Coins In Nigeria? by egift(m): 2:23pm On Jan 26, 2010 |
When people were rejecting it, I tried being the good guy - collected it - but nobody will collect it from me. I felt as if I was a leper (with dow 4 that matter). One day I gathered all of them and went to the bank. The rejected, telling me to go spend it. Since that day, I never touch those metals again and never! |
Re: Why Don't We Use Coins In Nigeria? by idifu(m): 2:29pm On Jan 26, 2010 |
it's cuz Nigeria is a corrupt country dats why we have not been using coins, in fact what can you buy with 1 kobo?,1 naira? nothing so it doesnt make any sense to me at all .cost of living is crazy, no price control,inflation e.t.c |
Re: Why Don't We Use Coins In Nigeria? by duality(m): 2:30pm On Jan 26, 2010 |
the solution is this make 1000, 500, 200 and 100 nairra coins. and lower denominations notes. |
Re: Why Don't We Use Coins In Nigeria? by real4life: 2:40pm On Jan 26, 2010 |
We are not ready technology wise, In developed countries coins are used mostly with high-tech machines to buy drinks and snacks, washing machines, telephone calls, etc. |
Re: Why Don't We Use Coins In Nigeria? by Livvvvy(f): 2:49pm On Jan 26, 2010 |
The same people who made 1000 naira notes (for easy stealing), made the coins unacceptable and valueless. You can imagine stealing coins of 5million naira. Our leaders are greedy. As long as they can satisfy their greed, they are ok with anything. |
Re: Why Don't We Use Coins In Nigeria? by Jean2(m): 2:59pm On Jan 26, 2010 |
the solution is this make 1000, 500, 200 and 100 nairra coins. and lower denominations notes. I think you are right Duality. I remember we stopped using coins around the time heavy 1 naira coins was introduced. |
Re: Why Don't We Use Coins In Nigeria? by iz2much: 3:02pm On Jan 26, 2010 |
Actually the coin in used for some petty purchase in other developing countries, like buying soft drink and laundry, he in Nigeria we don't have all dos, i guess thatz what makes it useless |
Re: Why Don't We Use Coins In Nigeria? by GeorgeD1(m): 3:13pm On Jan 26, 2010 |
inflation will not allow it. |
Re: Why Don't We Use Coins In Nigeria? by aieromon(m): 3:18pm On Jan 26, 2010 |
Please,don't tell me Nigeria still mints coins because that would be serious money down the drain. If they wanna bring back the coin culture,let them mint N5 denominations. |
Re: Why Don't We Use Coins In Nigeria? by otukpo(f): 3:48pm On Jan 26, 2010 |
There is nothing of small prize in Nigeria. |
Re: Why Don't We Use Coins In Nigeria? by 4peace(m): 4:13pm On Jan 26, 2010 |
just walkin by |
Re: Why Don't We Use Coins In Nigeria? by r231(m): 4:18pm On Jan 26, 2010 |
duality: good point makes a lot of sense since £1 is about N250 anyways but i don't knw about the 500 or N1000 coin how will u stray dat at a party lol ![]() ![]() ![]() |
Re: Why Don't We Use Coins In Nigeria? by THEAMAKA(f): 4:39pm On Jan 26, 2010 |
the economy has to improved DRASTICALLY before the coins can even be worth anything. they are so worthless there is almost no point in having them. |
Re: Why Don't We Use Coins In Nigeria? by gidson12(m): 4:56pm On Jan 26, 2010 |
ppl rejects it, even if u bring N10 worth in coins to purchase an item worth N10, the market woman would reject it, so it the mentality attached to it, as worthless, i remenber when i was still very young we value coins, and we saved and valued it if its been given to us as a gift, but now e don change, make u make mistake give small pickin coins now, even if the coins wey u give am worth N20, e go use am stone u |
Re: Why Don't We Use Coins In Nigeria? by SmashingM(f): 5:03pm On Jan 26, 2010 |
If you can't use coins to buy something as small as sweet, what else will you use it for?Spraying? |
Re: Why Don't We Use Coins In Nigeria? by just1(m): 5:11pm On Jan 26, 2010 |
coins are used in the nothern parts of nigeria |
Re: Why Don't We Use Coins In Nigeria? by Frankiss44(m): 5:16pm On Jan 26, 2010 |
u go gree use am?? |
Re: Why Don't We Use Coins In Nigeria? by 9jaBwai: 5:20pm On Jan 26, 2010 |
We still use coins. Who says we don't? I checked my phone credit balance and it shows =N=1239.20. the .20 is 20 Kobo ![]() |
Re: Why Don't We Use Coins In Nigeria? by Nobody: 5:34pm On Jan 26, 2010 |
5, 10, 20 and 50 naira suppose be coins as our 1 kobo and 2 kobo no go fit buy anyting |
Re: Why Don't We Use Coins In Nigeria? by TPS360: 5:49pm On Jan 26, 2010 |
inflation inflation inflation, hello ![]() ![]() |
Re: Why Don't We Use Coins In Nigeria? by latepa(m): 6:09pm On Jan 26, 2010 |
schmuck: ![]() ![]() |
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