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Nairaland Forum / Nairaland / General / Politics / Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira (3736 Views)
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Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by greenermodels: 6:50am On Nov 01, 2022 |
michlins: Many if not most Nigerian workers don't even earn up to #30,000 per month ( some university graduates working in private schools earns as little as #15,000 per month). Judging by the comments, this stupid article was sponsored by Tinubu urchins and would soon make it to the front page after the super moderators have removed the most critical comments exposing their poor logic. 1 Like |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Nwaide01: 6:55am On Nov 01, 2022 |
Nawa ooo for this op so it did not occur to him that there are millions of families in Nigeria that don't make #750 a day talk less of 1 hour ? 1 Like |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by RZArecta(m): 6:57am On Nov 01, 2022 |
Every three market days, agbado îmbeciles come to tell us the worst economic situation in Nigerias history since 1914 is the best thing to happen to us since the invention of bread and ewa agoyin. Continue being fóolish like the op, shebi the other day Tinubuadvocate was calculating how much would be enough to relocate his family to Canada ? They know what they're doing, they know their market is bad but they just want to force it down your throats so they can cash out their little coins and leave you here to suffer the consequences of their wickedness. Vote wisely 3 Likes |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by fykes(m): 7:10am On Nov 01, 2022 |
dettolgel: If I can give this here a million likes.... Don't mind the simpleton writer... In Nigeria, people celebrate their ignorance online 1 Like |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by ConsciousMan01: 7:13am On Nov 01, 2022 |
Thrash!! Why not compare 740naira to 740dollars?? Why not compare how easy it is to get 740 naira and 1dollar!.. 2 Likes |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by HitRun(m): 7:23am On Nov 01, 2022 |
Your theory can only work if you produce everything you consume. As soon as you have to buy one thing outside your country, that exchange rate becomes important. For example, you must buy your Phone at the rate it is sold by the manufacturer, which is based on the $$. |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by gabemuyi: 7:25am On Nov 01, 2022 |
There no comparison Ur example is skwed |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Honchoslim16(m): 7:40am On Nov 01, 2022 |
All your comparisons are lame! |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by lereinter(m): 7:55am On Nov 01, 2022 |
740 can buy you 2 square mean in nigeria: Joker Cursed fellow |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Obidient4life3: 8:01am On Nov 01, 2022 |
dettolgel:Op is an economics illiterate 1 Like |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by michlins(m): 8:06am On Nov 01, 2022 |
kolaaderin:let's start with him,he attends foreign hospital,his kids live abroad,his clothing materials are all imported. If anything,he contributes to capital flight to the tune of $50,000/month but it's someone who wears fake designers you want to blame 1 Like |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by tamdun: 8:09am On Nov 01, 2022 |
The op is right, let me explain from my own perspective, a bottle of water in US is above a dollar but here in Naija its below 1 dollar A bottle in US =1$(850 naira) A bottle in Nig=100(less than a dollar) Would u rather buy a bottle of water at #100 or import a bottle of water at $1(850)? Go outside Naija and spend more or buy Naija products and spend less. If u are bringing ur dollars to spend in Nigeria, you'll have more money to spend but if u are taking ur money to US, you'll have lesser money to spend because of exchange rate,, u want to buy gadget from US and u must use dollars, our problem in Naija is that we produce little or nothing in Naija, let's buy Naija to grow Naija. 2 Likes 1 Share |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by akwesenana: 8:26am On Nov 01, 2022 |
Oga poster wasn't expecting this;
Wait, is the minimum wage here?
'Cause I was offered a job @ ₦8k a month.
Monday to Saturday 8:00am to 6:00pm. |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by AnonDude2004: 8:34am On Nov 01, 2022 |
Came here to blast the OP but I see others have said everything I wanted to say. ![]() |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Coolguy34(m): 9:13am On Nov 01, 2022 |
Ok.. I do data entry-related jobs and I'm good at it, kindly check my signature for my contact so we can talk. Best regards |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by OsunOriginal: 9:22am On Nov 01, 2022 |
LeoDeKing: So, the US imports petrol? They imports all the food items? |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by ALLNIGERIANSMAD(m): 9:59am On Nov 01, 2022 |
dapoRead:give me the dollars and I will stay in Nigeria |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Ikennablue(m): 10:04am On Nov 01, 2022 |
kingsways:i’m beginning to understand this clearly. It simply means that with the putting a few things in place. We can have a better economy than some of these developed countries |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Nijablast: 10:21am On Nov 01, 2022 |
Arda1000:na you no get 1 kobo sense and the Irony of these your jargons is that you can't even produce nada, you are not contributing anything to Nigeria economy. |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Arda1000(m): 11:02am On Nov 01, 2022 |
Nijablast:ure such an iiddiot… Why mention me when u don’t a single manner or anything to contribute. What exactly do Nigeria offer me ? After that I pay tax to those thieves? Anyway people like u who do not have senses is why these thieves are in power smh |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by dazzlingd(m): 12:01pm On Nov 01, 2022 |
But it takes you 1 hour to earn like 20 dollars in US On the average, doing the same number of hours in Nigeria, you may earn 100 dollars but earn like 3k dollars in US at the end of month |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Magikhal(m): 1:53pm On Nov 01, 2022 |
It is obvious that they have swear for you because if not, you won't be displaying ignorance. |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Tallesty1(m): 2:06pm On Nov 01, 2022 |
kolaaderin:Shut it already. You, the op and Tinubu deserve group beating. The old guy that walks like he's breaking a dance was crying all over the place when dollar was just 200, now that the walking dead he brought has destroyed what's left of the naira, you, him and the op are now telling us about the ppp rubbish. Why must your conversion be dollar to naira, why don't you do naira to dollar conversion to see what's up? Your minimum wage cannot buy a bag of rice. Let that sink in. |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by ambale(m): 2:32pm On Nov 01, 2022 |
The question should be how easy is it to make #740 in today's naija Many citizens don't even make that in a day, so where is the power please? |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Nwaotu10(m): 2:57pm On Nov 01, 2022 |
Arda1000:I was just laughing at his mumuism. ![]() |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by dapoRead: 9:37pm On Nov 01, 2022 |
LeoDeKing: What is purchasing power parity? Naija has a higher one. THAT IS WHAT IT MEANS.. if i am paying 10,000 naira to remove one tooth in naija and to remove the same in the u.s you will pay 1500 USD. What does that tell you about the USD? If You are only talking about importation or having foreign tourism.. Yes that is expensive because you don't buy what you make.. Normaly life, simple living is not.. Ok.. U want to buy Iphone you dont make.. That is expensive, it is luxury, luxury goods. Live the life u make then you may live like a king.. Understand small economics. How do you now use same naira to address requirements for goods and services not available in Nigeria? How many of u are buying cars made in the east or naija made cars? If the germans do not buy their products, it wont make it this far anywhere.. Na lie oh.. na so so Toyota dem go dey buy.. Buy naija products and criticize it so the maker can make corrections.. It starts from somewhere. Mention how many Naija made products you have in your home? Some idiots will even be boasting about importing Italian furnitures.. Are you ALL MAD ni? How many locally made products have you invested in today? lets assume you don't have money to invest.. Even check your doings sef, how many local stuff have you done? Watched local football? Gone to any local show, Just check your lifestyle? Which ideology do you follow? A foreign ideology(Christianity or Islam) or your Local traditional identity? You see when everything about you is not local, then you will only think foreign. It starts from there. NEXT kingsways: An importer who imports will be forced to look for local talents, local raw materials, locally made ones, rebrand it as his and sell even way cheaper than the imported ones. This will grow the local Economy more. A weakened Naira means any locally made product will be easily bought. There is no other time to be alive if you are producing anything in Nigeria at this point in time. NEXT Vote4Obi: You are not even updated, are you sure you re living in Nigeria? Minimum wage in Nigeria is 35,000- 38,000. You are just being emotional, without applying simple economics. To make 100 USD a day in the U.S.A will be like die. Ok, That 100 USD, what it can buy or pay for is little.. Understand what Purchasing power means.. Ok... If you take 50 Euro to Tesco for example in Europe, you wont even buy a full bag of food. Take 50*800= 40,000 Naira to any market in Nigeria. You will do small together party with 40,000 Naira. Understand Purchasing power. Olodo osi. NEXT nedu666: Pls read what I have written above again, let it sink very well. You don't know how to read and understand. How many homeless do we have in say Lekki vs NewYork city for example? Don't count those ppl coming together with cow as homeless oh. Just count the number of homeless people living in Lekki on the street vs California or Newyork.. Or Maitama in Abuja. You don't even know anything. it's not about how much you earn, it is about what it can buy you in your vicinity. GEt sense for once.. NEXT dettolgel: It's not about how many hours, you may work 10 hours a day but never make 100 USD depending on the Job. It's about what it can buy you. Ok. Understand small economics.. Energy in Nigeria is way cheaper that means prices of goods, locally made goods will be cheaper. In the U.S.A, it's not. You struggle hard, in a month, you would barely make 4000 USD.. 3,500 goes to a three bedroom flat. What is left? 500 for what? The same three bedroom flat oh, in Nigeria goes for less 450,000/740 = 608 Use your foolish brain.. understand small english or na broken you want me to dey type ni? Awon ode osi, super brainwash to hating anything made in Nigeria.. NEXT Nwaide01: A lot of people can afford 750 naira.. a lot of ppl can.. 750 Naira. A lot I repeat if not even all of Naija.. 200mil Ppl can afford 750 Naira.. So shutup right there. Stop spreading your foolish propaganda from the west.. If millions cannot afford 750 per dead, virtually millions would have died within days. So shut your dirty mouth there. Awon ode, copy and pasting western propaganda, awon angloo zoo wannabe fanboiz. Spilling stupid copy and paste western propaganda. How many millions died of Hunger in Nigeria Yesterday? NEXT RZArecta: You are the most stupid idiot of the planent. Do you know why? Because someone like you can never point to five things that is made in Nigeria in your home. Nigeria is service based Economy if you don't know.. Learn one or two things about Ur country and at least be proud. We can say in a kind of transition from a consuming to a producing one. I would just say you need to be exposed, and stop acting like a villager. You don't produce plane, you want to own a private JET that you don't produce. Have you worked for that private Jet? look for local talents to build one, invest in any local talent before? How many thing is Nigerian in your home? SOme re even importing Italian furnitures and they even boast about nonesense.. READ EVERYTHING AGAIN AND AGAIN.. THOSE ARE THE FACTS. NOT LIES< NOT OBI LIES.. REALITY.. FACTS.. GO to anywhere, or sorry you wont find it on your brainwashing medias, CNN,BBC,google,FACEBOOK,Twitter and so on.. Just know the facts. Buhari will go down in History as the best President ever. Do you know why? Blast Furnance is turned on, they are already also working on the Nuclear power plants to provide cheap energy like in the Russia. What you west never allowed Nigeria to have.. You have head, you are too brainwashed, you dont know what is happening.. Why do you think they poisoned Buhari? I am sure u are an importer. Having small brain to sharply import nonsense and sell.. Alaba importer abi. You are those spoiling Nigeria. NEXT Tallesty1: ODe, if you buy bag of Rice, about 50kg. Only you wan chop am? How many kg per day is that? 50/30 can you eat 1.6kg of food per day? Have small sense nah.. Ode Kilonso.. Can you read? What is purchasing power parity? Go to your fake hell and come back to Read is again. What is purchasing power parity? Naija has a higher one. THAT IS WHAT IT MEANS.. if i am paying 10,000 naira to remove one tooth in naija and to remove the same in the u.s you will pay 1500 USD. Live the life u make then you may live like a king.. understand small economics abeg move joo... ALL OF YOU spilling rubbish.. I know you all ran away from copy and paste school. Nothing u learn, but learn what PPP means. Those re d facts.. like it or not.. facts ok.. It not a narrative. THE FACT.. WHAT IS THE FACT.. it means the truth.. Reality on ground.. Ok.. Like it or hate it. IT WONT CHANGE IT. PPP in Naija is way higher and above that of the U s a and EUROPE. FactsOnly.. Conclusion to awon weeree that called me out on this thread, awon sold out bast@rds, you should be ashamed of yourself for calling me out on Nairaland. You are a disgr@ce to your country, your race and family. Grow your country first. You cannot run away from your shadows.. As u run it will follow you. How many of u are buying cars made in the east? If the germans do not buy their products, it wont make it this far anywhere.. Na lie oh.. na so so Toyota dem go dey buy.. Buy naija products and criticize it so the maker can make corrections.. It starts from somewhere. Ona never see anything, Naira will hit 1000. Write it down, no get sense, continue importing oh. Awon Ode of the century. |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by dapoRead: 10:25pm On Nov 01, 2022 |
Opolopoopolonio: How do you earn Dollars in Nigeria? By Producing anything and replacing the imported ones with locally made ones. If you can replace the foreign one in your local market, trust me, every country will be running to buy from you. Now is the time to be alive as a producing person. Naira is very cheap which means any locally made products will be very cheap. A weakened currency has a huge advantage and one is what i have written just now. How do you earn Dollars in Nigeria if you are not producing anything? PRODUCE PRODUCE AND PRODUCE. Simple as ABC. I am not replying to this thread again, too many low brains. Instead of asking me what can you produce and I give you ideas, they are talking nonsense. Spoiling thread. Awon oponu, small BrainDeyTalk Get lost |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by dettolgel: 10:45pm On Nov 01, 2022 |
dapoRead: Please I beg you in the name of whatever you believe in do not engage in such a conversation where serious minded people like your bosses are. ![]() ![]() But I will indulge you one last time, switch it what can one hour salary in the US buy for you in US and what can it buy for you in Nigeria. Then compare your answer to what one hour salary can buy for you in Nigeria and what it can buy for you on the US. I hope this might nudge you in the right direction. ![]() |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by Nobody: 11:02pm On Nov 01, 2022 |
michlins: You are spreading biased information. Oil is subsidized both in Nigeria and the United states A liter of fuel in the Us is $1.31 A liter of fuel in Nigeria is 0.2cents |
Re: Not All That Glitters Is Gold: Naira Vs. Dollar, Which Is Stronger? I Take Naira by VaselineCrew: 11:04pm On Nov 01, 2022 |
I support OP So why don't we make the dollar equal to N100,000 So that 10 dollars will be one million naira. Then a cleaner from abroad can come and buy OP and his family for cheap. |
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