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Nairaland Forum / Nairaland / General / Politics / Why Did We Stop Using Coins In Nigeria? (6472 Views)
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Why Did We Stop Using Coins In Nigeria? by Nobody: 2:12pm On Mar 31, 2017 |
In 1973, coins were introduced in denominations of ½, 1, 5, 10 and 25 kobo, with the ½ and 1 kobo in bronze and the higher denomnations in cupro-nickel. The ½ kobo coins were only minted that year. In 1991, smaller 1, 10 and 25 kobo coins were issued in copper-plated-steel, along with nickel-plated-steel 50 kobo and 1 naira. On 28 February 2007, new coins were issued in denominations of 50 kobo, 1 and 2 naira, with the 1 and 2 naira bimetallic. It saddens my heart when I see most countries in the world still make uses of their coins. My question today is why do we stop using coins in Nigeria? I missed ½ kobo 1 kobo 5 kobo 10 kobo 25 kobo 50 kobo 1 naira 2 naira A lot of countries still make uses of their coins.
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Re: Why Did We Stop Using Coins In Nigeria? by Nobody: 2:14pm On Mar 31, 2017 |
Re: Why Did We Stop Using Coins In Nigeria? by Freewoman(f): 2:15pm On Mar 31, 2017 |
Since it has no values again, my brothers used to melt them for other purposes like ear rings and neckless 2 Likes |
Re: Why Did We Stop Using Coins In Nigeria? by Alisegun(m): 2:16pm On Mar 31, 2017 |
I beg help ask our Government o... Awa Ijo ba Ole.. |
Re: Why Did We Stop Using Coins In Nigeria? by Ashleydolls(f): 2:17pm On Mar 31, 2017 |
Those were the good old days when things were way cheaper and better than it is now. Take me back to those days and we can talk about coins |
Re: Why Did We Stop Using Coins In Nigeria? by Blue3k(m): 2:18pm On Mar 31, 2017 |
They didn't completely stop. When I went to Abuja last time I was able to get 1 naira coin. The are essentially pointless because the metal is worth more than coin denomination. 1 Like |
Re: Why Did We Stop Using Coins In Nigeria? by Nobody: 2:23pm On Mar 31, 2017 |
What can it purchase? |
Re: Why Did We Stop Using Coins In Nigeria? by jaymejate: 2:25pm On Mar 31, 2017 |
So that stealing would be made easy. Imagine stealing 10k which is coins. Our govt stopped it so that they will steal and won't be noticed. |
Re: Why Did We Stop Using Coins In Nigeria? by alegbeleye(m): 2:28pm On Mar 31, 2017 |
Cos we Nigerians love forming posh. Useless country. 1 Like |
Re: Why Did We Stop Using Coins In Nigeria? by Nobody: 2:31pm On Mar 31, 2017 |
RB007:in banks or patrol stations you still hear "kobo or naira" in most countries you can buy things with coins and still have balance. |
Re: Why Did We Stop Using Coins In Nigeria? by Nobody: 2:33pm On Mar 31, 2017 |
You got it right! We Nigerians claim too smart in everything. alegbeleye: |
Re: Why Did We Stop Using Coins In Nigeria? by paschal47(m): 2:40pm On Mar 31, 2017 |
(1)because it gets lost easily (2)because it's too heavy, imagine carry one thousand coins in your pocket (3)because it cannot be sprayed in a wedding ceremony imagine your EX coming to spray you coins, you go carry koko go your house that day Lalasticlala what is your take on this matter? |
Re: Why Did We Stop Using Coins In Nigeria? by Nobody: 3:26pm On Mar 31, 2017 |
paschal47: Seriously? This is the smartest thing you can come up with? |
Re: Why Did We Stop Using Coins In Nigeria? by Nobody: 3:31pm On Mar 31, 2017 |
RB007: Maybe we can't use it to buy sweet anymore but atleast when I buy an item at shoprite for 997 naira, they should give me my coins change. A litre of fuel was N86.50, but does the kobo count? No Because the Government doesn't make it count, because the people who also make up the government think they're too posh for coins or its insignificant. |
Re: Why Did We Stop Using Coins In Nigeria? by paschal47(m): 3:33pm On Mar 31, 2017 |
Joavid:Are you for real? You need to loosen a bit. Didn't you get the joke? |
Re: Why Did We Stop Using Coins In Nigeria? by sammyj: 3:38pm On Mar 31, 2017 |
Coins was stopped because our ignoramus leaders believe it's more expensive to produce, to heavy too loot and low value forgetting that even if it is expensive to produce it last longer in circulation and saves the country cost of having to reproduce compared to the Note version!!!! ![]() ![]() ![]() |
Re: Why Did We Stop Using Coins In Nigeria? by Nobody: 3:40pm On Mar 31, 2017 |
No value, expensive to produce, inflation.... |
Re: Why Did We Stop Using Coins In Nigeria? by theSpark(m): 3:41pm On Mar 31, 2017 |
You can get coins at some shopping malls up north. Someone told me he was given coins at Ado Bayero Mall as recent as early 2016. |
Re: Why Did We Stop Using Coins In Nigeria? by Nobody: 3:47pm On Mar 31, 2017 |
paschal47:jokes is for evening. The afternoon is hot. |
Re: Why Did We Stop Using Coins In Nigeria? by paschal47(m): 3:56pm On Mar 31, 2017 |
Joavid:More reason you need it, to cool off a bit |
Re: Why Did We Stop Using Coins In Nigeria? by Greatihex(m): 4:19pm On Mar 31, 2017 |
http://a.seoclerks.com/linkin/571731 Buy ans sell absolutely anything on seoclerks today including services and ebooks from anywhere in the world. |
Re: Why Did We Stop Using Coins In Nigeria? by Eazybay(m): 4:32pm On Mar 31, 2017 |
Inflation, Cost of production AND INTERNAL SABOTAGE!! Goldsmiths just dey melt am take do necklace etc. THERE WAS A COUNTRY |
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