nairavsdollars:
The funny thing is, this bros saying one pound is useless in UK may not have been to the airport all his life ooo

Slavishbenin:

He's right, I'm in the UK mits costly to live here

If its costly to live in the UK come back to naija where its cheap to live nah. Y u still dey der

aremuforlife:

#780 can get a plate of meal in Lagos and more in other part of the country, while 1pound can get you a plate of meal in any part of UK

Sorry do you mean "cannot"?
Can u get chicken and chips at 1 pounds? Can you get anything in Mc Donald at 1 pounds? Common biscuits is at 50 pence(half of 1 pounds). Can you board a bus in UK with 1 pounds? At least 780 naira will take you somewhere in Lagos.
Ceteris paribus. I rest my case.

nairavsdollars:
The funny thing is, this bros saying one pound is useless in UK may not have been to the airport all his life ooo

I swear.

I had a lot of shillings and pence as change i received in the course of transactions during a trip and I went to change those in the post office and I came out with almost 7 pounds. Since then I stopped joking with the coins. I have a container full of shillings and pence and I am hoping to travel back with them when next I do.

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

Chai...That useless man that said with #500 u can eat belle has washed ur brain. I pity u

aremuforlife:

Like I said 1pound means nothing in UK, just as 1euro means nothing in Europe, and 1dollar means nothing in US.

Just as 1 naira means nothing in Naija, bah

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

You're so myopic. Can you believe yourself. You mean a shilling or pound shilling which is equivalent to 780 naira is useless. Do we have 1naira note or coin in Nigeria SMH. You're obviously a child. No insult intended but your assertion is myopic. Most of our currencies are useless as we speak. 5naira, 10naira, 20naira.

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

Has the border been open ever since? Don't you know that it was the inflation that was caused by the border closure that finally destroyed the Nigerian economy?

It starts with the right policies and low bank interest rate as well as conducive environment for business to strive. Have you tried to export anything via Apapa tin can before? Let them think through the whole process first and drive the actualization committedly. Then we can compare ourselves with other nations.

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

They know, but demonizing Buhari by any means necessary is their only pursuance

RULE BRITANNIA !

nairavsdollars:
The guy has never been to the airport before, talkless of UK

so u have to wait till 10pm to be able to afford roast chicken.... some kind of life Nigerians abide with in UK is scary...

By the time Buhari comes down it would be £1 to #1000. When we were telling y'all to vote Good luck your afonja jealousy didn't allow you to use your heads.

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

Shut up and stop displaying your ignorance here.

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

Yes because he allow dangote truck to be moving in and out while others are on stand still that is nepotism.

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

Student sighted. You think you sound smart but you sound very stupid. You think the real world works like the theoretical jargons you learnt in school Abi? Better stfu before better yamayama nack that your big head there

aremuforlife:

#780 can get a plate of meal in Lagos and more in other part of the country, while 1pound can get you a plate of meal in any part of UK

Bros why are u fooling urself na. Bring just 20pounds to Nigeria u are a rich man. But take #20k to the UK and see whether e go reach u buy food. Goan read the history of Zimbabwe inflation. Why goin towards that direction except something is done

aremuforlife:

Like I said 1pound means nothing in UK, just as 1euro means nothing in Europe, and 1dollar means nothing in US.

lol in US they have dollar shop, u can buy anything in the shop from 1 dollar, be it perfume, chocolates, wears etc

bolaayenimo:
A friend recently told me Zimbabawean money that is the worthless in Africa now has value than naira. I refuse to believe it

It has more value ..the only currency that is mate with Naira in Africa today is Somalian currency

Make i just see peaceful work for England..i do Japa b dat...send money come 9ja for my parents

And this coin here is over N1500

aremuforlife:

Stop believing rubbish, you have just been fooled by your imaginary friend.
Even the pounds we are talking about, what can you use one pound to buy in UK?
We all know what we can buy with #780.
Devaluation of naira should be a blessing to us, but we are too lazy to work on the advantages.
Devaluation of naira is more profitable to diasporians.

I highly doubt you've been to the UK. 1 pound can buy you a whole lot of things. There's something called 'pound store' in the UK. As a matter of fact, most of the gifts UK returnees share to their relatives in Nigeria are from pound store.

You can even buy a pair of shoes for 1 pound.

aremuforlife:

Meal is free in UK?

He is absolutely right. You can go to food banks if you have no food. You can get paid weekly if you have no money plus free food.

All of Una wey dey compare money equivalence and purchasing power should realise that there is never a basis for comparison between one economy and another. Though it may seem like simple mathematical proportions,there are numerous factors that come into play before you can compare the values of different currencies.
If you earn NGN300k/month in Naija
It translates to NGN10k/day
and NGN1,112/hour 8am-5pm Naija work hours.
how many loaves of bread can your hourly pay buy in Naija?
While someone earning just 10€ can buy 20 leaves of bread with their hourly pay.

On the flip side, someone paying 1.2m/ANNUM as rent for 1bedroom flat in Naija will be complaining of expensive rent. That translates to 100k/month.
Same apartment here in Europe goes for 800k/MONTH!

So, it is not that easy to compare all these metrics.

aremuforlife:

Like I said 1pound means nothing in UK, just as 1euro means nothing in Europe, and 1dollar means nothing in US.

1 pound has huge value in UK. Stop saying what you don't know.

Yes I agree that N1k In Naija has good value too.

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

oga u no day wake up from sleep and decide to close a border when u have not embarked on import substitution strategy. Ur president knows nothing about governance and how an economy works.

rhektor:


Many people just make a mess of their economics knowledge when they only make assertions about the naira based on exchange rate and they forget the purchasing power of currencies in their respective domain. 1 pound can not buy in the UK what its equivalent can buy in Nigeria. Although the naira seems weak in international trade but locally it is very much strong. 750 naira can still buy a complete meal anywhere in Nigeria, 1 pound can not do such in the UK

you should discuss the hours it will take you to get that 750 naira in Nigeria.

aremuforlife:

1€ is equivalent to #650 in Nigeria, which means I can get many loaves of bread in Nigeria

Are you lie-mohammed brother 1 love of bread in my area in Nigeria is 700

SlyDev:
If Nigeria want to make their money stronger, they need to stop importing and start manufacturing to export

But the last time Buhari closed border to boost local production, some bigots said he is targeting a tribe.

What investment has he made to boost local production. Seems you get your info from Lai Mohammed

bolaayenimo:
A friend recently told me Zimbabawean money that is the worthless in Africa now has value than naira. I refuse to believe it

Keep believing waist not...1 billion ZIm dollar could not buy bread....it's not even spent any more ...Nigeria is not that bad guys

nairavsdollars:
The funny thing is, this bros saying one pound is useless in UK may not have been to the airport all his life ooo

Sensible comments don't gather likes most times. He raised a valid point. The value of money is what money can buy. Let's learn together not catching cruise all the times.

aremuforlife:

1€ is equivalent to #650 in Nigeria, which means I can get many loaves of bread in Nigeria

A loaf of bread (sliced) is 600 naira in my place. Stop supporting rubbish