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Nairaland Forum / Nairaland / General / Politics / Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong (19490 Views)
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Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by ijustdey: 9:37pm On Sep 22, 2021 |
Former President, Chartered Institute of Bankers of Nigeria, Prof Segun Ajibola, has said that the naira is still strong within the Nigerian economy, adding that an average Nigerian can still feed with N500. https://punchng.com/forex-average-nigerian-can-feed-with-n500-naira-still-strong-cibn-ex-president/ 4 Likes 2 Shares
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Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Dottore: 9:38pm On Sep 22, 2021 |
I stopped reading after the trashy first paragraph. 195 Likes 15 Shares |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Upworkwriter007(f): 9:42pm On Sep 22, 2021 |
Our intellectuals are soo disconnected from reality. If naira is strong because people can eat with 500 naira. What of the 27.4 million Nigerians that earn less than 100,000 per annum? It means this category of people can only spend there money on food and will only eat once every two days....You see, even the local value of naira is very week. If the president of Charters Institute of Bankers can talk like this, then we get big problem. 300 Likes 24 Shares |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Gentlerespect76: 9:48pm On Sep 22, 2021 |
ijustdey: Onye ofe mmanu. I cannot be shocked. It's you people. 38 Likes 2 Shares |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by mcbreeze: 9:48pm On Sep 22, 2021 |
Some people go school to get confused on the already confused brain. Certificate doesn't cure foolishness 182 Likes 9 Shares |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Upworkwriter007(f): 9:52pm On Sep 22, 2021 |
mcbreeze:Aswear. 33 Likes 1 Share |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by illicit(m): 10:03pm On Sep 22, 2021 |
500 naira food for buka no belleful again o lol 14 Likes |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by chatinent: 10:04pm On Sep 22, 2021 |
May ₦500 be their surplus. 51 Likes
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Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Naijanascam: 10:21pm On Sep 22, 2021 |
Professors without inventions....... Bunch of confusionists Parasites Sadists Witches 83 Likes 4 Shares |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by FreeStuffsNG: 10:29pm On Sep 22, 2021 |
Seems most people commenting did not read to understand that he is giving the true reality on ground and giving an intellectual angle for this unusual scenario. For example, few days ago, a Nairalander bought eggs, plantain, carrots, vegetables etc yet he spent barely N1000 or less than N1000, https://www.nairaland.com/6755350/see-foodstuffs-bought-950-naira that same quantity of food in US cost way more than $1.50 so it means locally the purchasing power of the naira is still strong . The man just raised an intellectual poser and it is the reality that require more research. My guess is that the intervention by CBN in agriculture really helped and the pressure on the naira could be because of speculators, cryptocurrency and rationing of forex by CBN. I appreciate Punch for dropping their bigotry and hatred against PMB and for being honest enough to report such a fresh perspective on the forex and naira value issue. If you need free book on business ideas and money sources directory , check here https://www.nairaland.com/6666800/looking-business-ideas-money-fund 26 Likes 6 Shares
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Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by kufre2010(m): 10:33pm On Sep 22, 2021 |
Even if your children live abroad, one day this country the elites are destroying will destroy their generation, God no dey sleep 58 Likes 1 Share |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by AntonVince: 10:35pm On Sep 22, 2021 |
FreeStuffsNG: Of what use is a silly "fresh perspective" from a dunderhead academic when everyone can see and feel the reality? 61 Likes 3 Shares |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Racoon(m): 10:37pm On Sep 22, 2021 |
Imagine what a whole professor and former CIB president is saying because he is onboard a Lai Mohammed controlled government media-NTA.Even if he must be sycophantic, always speak the truth to those in government. 42 Likes 1 Share |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by FreeStuffsNG: 10:50pm On Sep 22, 2021 |
AntonVince:You just made me miss the days of yore when Nairaland used to have members who give intellectual perspectives to issues of nation building. Now, it's mostly uncouth and intolerant responses. Only if you know that it doesn't cost you anything to be civil and that it actually builds up your character in life whether offline or online. 14 Likes |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by April4th(m): 12:56am On Sep 23, 2021 |
Upworkwriter007: To send the idiot an E-slap they hungry me. Statements like this shows how narrow minded and disconnected from reality our elites are. It’s a shame 8 Likes 2 Shares |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by GloShare(m): 4:36am On Sep 23, 2021 |
ijustdey: Clown 1 Like |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by benuejosh: 4:36am On Sep 23, 2021 |
Nigerians are coming for you sir. You'll need to explain more. 3 Likes 1 Share |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by swissobed: 4:37am On Sep 23, 2021 |
Destruction go follow you idiot |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by femi4: 4:39am On Sep 23, 2021 |
That's expensive. Back in the days, before the millennium, we used to feed well with N100 Bread: N50 Beans: N30 Pọnmọ: N20 34 Likes |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by descarado: 4:39am On Sep 23, 2021 |
That's what they told him to say or they will disgrace him out of office. 5 Likes 4 Shares |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Nobody: 4:40am On Sep 23, 2021 |
Apart from food, what else is local?.. |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Sirpaul(m): 4:42am On Sep 23, 2021 |
Crazy man. Shameless idiot Feed on $1 rubbish 4 Likes |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by joyandfaith: 4:42am On Sep 23, 2021 |
ijustdey: How did he become prof? With his nonsense explanation, minimum wage of #30k per month and #500 per meal translating to #45000 for 3 meals per day means that minimum mage of #30k cannot sustain our economy. Minimum wage of #100k can make his arguement reasonable to some extent. 22 Likes 4 Shares |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by suffering: 4:43am On Sep 23, 2021 |
I guess 500 NGN notes fall from the sky the last time I checked. 7 Likes 1 Share |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Decentdave(m): 4:44am On Sep 23, 2021 |
The guy is saying the truth from an intelligent angle Most commenter here won't understand because they are OND holder ![]() 5 Likes |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Unfolding: 4:45am On Sep 23, 2021 |
Intellectually bankrupt banker !! Our intellectuals are soo disconnected from reality. If naira is strong because people can eat with 500 naira. What of the 27.4 million Nigerians that earn less than 100,000 per annum? It means this category of people can only spend there money on food and will only eat once every two days....You see, even the local value of naira is very week. If the president of Charters Institute of Bankers can talk like this, then we get big problem. [/quote] |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Ade3131: 4:53am On Sep 23, 2021 |
FreeStuffsNG: How balanced is the prof.'s perspective on the true picture of the value of Naira both internally and externally? On a scale of 10, what will you rate him? 1 Like 1 Share |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by ovieigho(m): 4:53am On Sep 23, 2021 |
This prof should rather talk about what #500 can do as against $500 and what $1 can do as against what #1 can do $1 dollar equalling #500 means our currency is going valueless Abi sey 500 and 1 are the same ? Why is he talking about what 500# can do in Nigeria and when he gets to USA he mentioned $1?? All these people are slow pokes So if $1 equivalent #3000 at the end of 2023 but because people might still be able to feed well with 3k naira , it still means naira is strong � � 22 Likes 2 Shares |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by fortune1968: 4:55am On Sep 23, 2021 |
[quote author=Upworkwriter007 post=106080029]Our intellectuals are soo disconnected from reality. If naira is strong because people can eat with 500 naira. What of the 27.4 million Nigerians that earn less than 100,000 per annum? It means this category of people can only spend there money on food and will only eat once every two days....You see, even the local value of naira is very week. If the president of Charters Institute of Bankers can talk like this, then we get big problem. [/quot. Thank you .what quality of food can 500 naira buy ? Besides ,how about those who have children .? And where is even the 500 naira to buy the food ? For instance now ,I have three children to feed and school fees to pay and looking for job .I left my last place of job because the employer is always owing salary .Imagine at the interviews ,some prospective employer will want to pay 45k per month .The highest I had negotiated recently was 60k per month .Tell me ,how will I get 500 naira to feed at once when my daily transport fare will cost more than 1k ? A graduate of many years with Masters degree ! 2 Likes |
Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by GIANTPLUSHUB: 4:56am On Sep 23, 2021 |
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Re: Segun Ajibola: Average Nigerian Can Feed With ₦500, Naira Still Strong by Ade3131: 4:57am On Sep 23, 2021 |
descarado: He's speaking from a platform provided by NTA for crying out loud....what would any sane minded Nigerian have expected? 7 Likes |
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