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Nairaland Forum / Nairaland / General / Business / Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. (59145 Views)
Nigeria's Naira Reverses Back As World's Worst Performing Currency — Bloomberg / See Why The Nigeria Naira Is Rapidly Depreciating Against The Dollar / Matches: I Am Shocked After Seeing This In Nigeria (photo) (2) (3) (4)
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Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by alexxo11(m): 11:10am On Oct 16, 2017 |
positivetaught:im assuming 1 kenyan shilling is equal to 3 naira.....so you people buy bread at roughly 100 kenyan shillings......we buy bread at 50 kenyan bob....and mind you we are crying out inflation....during the kibaki era(some 4 yrs ago...)bread was 30 bob.......your country is really inlfated in my opinion... |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Petersamuel8(m): 11:11am On Oct 16, 2017 |
Dee60:nice bro I now understand |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Vivere: 11:36am On Oct 16, 2017 |
Lloydfolarin: Egypt is not the only country at Nigeria's level. What about South Africa, Botswana, Kenya etc.? Please there are quite a few countries with a better or similar level of infrastructure than Nigeria, that also have a better standard of living. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Bondesniger(m): 11:52am On Oct 16, 2017 |
brilliant one there production has always produce the best economy |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Akachukwu42(m): 12:13pm On Oct 16, 2017 |
CocoaOla: am not in nigeria too... |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Lloydfolarin: 12:39pm On Oct 16, 2017 |
Vivere: The only country in Africa that can push Nigeria to the back comfortably is South Africa. The rest are nothing to write home about except Egypt and about one or two North Africa countries. Nigeria is far ahead of Kenya. Fact! Kenya and Ghana are in the same league with Lagos state alone. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Vivere: 12:45pm On Oct 16, 2017 |
Lloydfolarin: Oga, I beg to disagree. Kenya, Botswana and South Africa have a lot of things you can write about. Power supply in each of these countries, beats our own hands down. Not to even talk of road infrastructure and others. You need to visit these countries to appreciate how far they have gone in terms of infrastructure, and standard of living. Don't look at size or landmass or population alone. Yes, Nigeria is bigger than those 3 countries, but is it better in terms of infrastructure and standard of living? No. Even Namibia as small as it is, is also not a bad place. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by edoman2016: 2:00pm On Oct 16, 2017 |
Vivere:As far as Africa is concerned, no country come close to Nigeria except south Africa. I am a seasoned economist and I am telling you that fact. Kenya and Ghana are in the league of just Lagos. And you know what, the GDP of Lagos is higher than both countries. I repeat in Africa, only south Africa can withstand Nigeria when it comes to economic growth (GDP) in the whole of Africa. What the value of naira can purchase, the equivalent in other African countries can not buy it except south African Rand. It's an indisputable fact. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by edoman2016: 2:03pm On Oct 16, 2017 |
Vivere:As far as Africa is concerned, no country come close to Nigeria except south Africa. I am a seasoned economist and I am telling you the fact. Kenya and Ghana are in the league of just Lagos; a state in Nigeria. And you know what, the GDP of Lagos is still higher than Ghana and Kenya. I repeat in Africa, only south Africa can withstand Nigeria when it comes to economic growth (GDP) and indices in the whole of Africa. What the value of naira can purchase, the equivalent in other African countries can not buy it except south African Rand. It's an indisputable fact. You will appreciate Nigeria as a country, when conferences and business meetings take you to other African countries. Then you will know how Nigeria are ahead of them except south Africa |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by richard870(m): 4:50pm On Oct 16, 2017 |
leathalbeast:Smh |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by seniwellsFX: 5:34pm On Oct 16, 2017 |
edoman2016:you must be a quak or an illiterate economist disgracing yourself on social media. I am currently in Mauritius were I pay 5k ruppes per month for just self contain which is just a normal house with nothing special. That Is equivalent to 50k naira going by the current exchange rate. Tell me how many Nigerians go pay 50k per month for self con for naija.And you are foolishly talking about what our useless naira can get us in other Africa countries. Abeg no dey call urself economist again ooo...that is a noble and honourable profession. With the way u reason I no sure say u don even go badagry sef,let alone Cotonou 2 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by edoman2016: 9:49pm On Oct 16, 2017 |
seniwellsFX: You must be a fool. And you know what, you have answered my question already in your comments. If you spend 5k rupees which is equivalent to 50k naira in Nigeria as you stated for self contain in Mauritius. It shows Nigeria's currency which is naira has higher value than rupees because average rent of self contained apartment in Nigeria is between 10k-15k per month with good facilities . You must be an illiterate if you think in this lifetime Mauritius can ever be compared to Nigeria. I am sure the GDP of my state in Nigeria, Edo state is still far ahead of Mauritius. If you want me to give you statistics to back my claims, holla at me. I have travelled to several countries in Africa and I repeat none is in Nigeria league except south Africa. Why do you think it is only south Africa companies among Africa countries that is able to penetrate into Nigeria market? Do you know the number of countries in Africa our indigenous companies has expanded into? 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by alexxo11(m): 9:58am On Oct 17, 2017 |
edoman2016:boss no offence but at times you should listen to what those who have traveled tell you.you just cant be of the fact that lagos has greater gdp than ghana and kenya yet ur people are flocking everyday to these countries for better living.I travel to lagos every two months since i work with an airline and i can tell you ,comfortably lagos is a human jungle.....no lights no water ,if it rains the whole area turns into a swimming pool,In short nothing works in lagos....mind you im not nigerian im a kenyan.....lets not get to the fact that everybody in lagos looks angry and frustrated....everywhere i went there were just sad faces.....your public transport is a mess....i was actually given a classroom chair to sit on in a public car.I dont think no sane kenyan would want to live in nigeria......ask ur nigerian peeps in kenya.....they see the place as heaven...but i understand why 3 Likes 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 10:35am On Oct 17, 2017 |
Vivere:He has never left Nigeria so don't blame him. 2 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 10:38am On Oct 17, 2017 |
Lloydfolarin:Go to Kenya and see for yourself,even their slums have 24/7 electricity. 2 Likes 1 Share |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Hbuyosh(m): 12:11pm On Oct 17, 2017 |
edoman2016: Lawd have mercy, if this is the calibre of economists we have Nigeria. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by edoman2016: 2:59pm On Oct 17, 2017 |
alexxo11:I hope you know Lagos is a mega city and it is also the smallest state in term of Land size in Nigeria. Because Lagos is a mega city and has a population of 21 million people, it is overcrowded. And that will surely comes with its challenges which you have stated. But from purely economic angle, Lagos is the fifth largest economy in the whole of Africa. There is incredible investment in infrastructural development as well as on security in Lagos state. Because the current governor acknowledge the challenges that comes with mega city such as Lagos. With regards to Nigerians living in Ghana or Kenya for greener pastures, you need to understand that migration is natural to human race on earth. People will always have different reasons for migrating from one countries to the other. We have large number of Chinese, Indians, etc working for companies in Nigeria. Does that mean Nigeria's economy is better than China economy? Figure it out by yourself. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Ucheparker(m): 3:18pm On Oct 17, 2017 |
Just30: That's just a typical example. I actually wanted a very simple one that you could understand. I lived and worked in Ghana, everything from food to transport to utilities like cutting your hair or watching a match is relatively more expensive than Nigeria. Means that you'd still use the Naira to acquire more in those countries is the point I'm trying so hard to make. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Vivere: 4:37pm On Oct 17, 2017 |
edoman2016:Forget all that big grammar about GDP. Just pay a visit to each of the places I mentioned. You will come back with a totally different opinion and a lot of respect for those countries. Na only mouth Naija get. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by edoman2016: 4:50pm On Oct 17, 2017 |
Vivere:That's your problem. What will I do in Kenya? I am comfortable in Nigeria. It's a great country for fruit juice production factory I intend to start very soon. You must be mistaken if you think all Nigerians are suffering. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by alexxo11(m): 5:56pm On Oct 17, 2017 |
edoman2016:you really impress me with the chinese are also migrating talk....the chinese are building roads and infrastructure....what kind of development are nigerians doing in foreign soil.On sunday i went to collect a nigerian who came to visit kenya at jomo kenyatta airport(jkia)The guy was impressed right from the airport, our airport shocked him, when we reached the highway (mombasa road) he was amazed on how big and good they are.....sm1 from lagos is shocked about the status of kenyan airports and roads and you are telling us nigeria is better?im yet to ask him about electricity , constant water ,highspeed internet, and many more kenya has offered him.The common man does not care about gdp but the basic amenities.Gdp comes because of tax,and we know all the tax goes to your leaders accounts through corruption. 5 Likes 2 Shares |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Pavore9: 6:18pm On Oct 17, 2017 |
Vivere: The stressed out Nigerian who returns home at night to no electricity supply situation does not care about the GDP, a high GDP that does not guarantee basic utilities makes no sense! 4 Likes |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Just30: 6:18pm On Oct 17, 2017 |
Ucheparker:Ghana is an expensive place to live. Wages in Ghana are much higher People price services accordingly. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by samsobo24(m): 9:07pm On Oct 17, 2017 |
the rate at which many African countries come to this forum and just say anything they like is quite alarming. I blame our leaders for this and also the social media |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 5:24am On Oct 18, 2017 |
Lloydfolarin: 1 Like
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Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by edoman2016: 8:37am On Oct 18, 2017 |
samsobo24:Thank you for the observation. Citizens of other African countries will come to Nigerian forum and still have the effrontery to call Nigeria a shiit country. Where as you will hardly see any Nigerian on a Kenyan forum or other African countries' forum to comment. Because no Nigerian give a damn about their forum. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Lionessza(f): 11:22am On Oct 18, 2017 |
[quote author=Jayceon post=61524649][/quote] LMFAO, his post cracked me up. Blind patriot 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Lionessza(f): 11:25am On Oct 18, 2017 |
samsobo24: Hahahaha, deal with the consequences of your loud mouths. You made this forum famous by insulting other African countries, now it's known as a forum of hate . The minute you stop belittling other countries , that's when you will find peace on this forum until then deal with the blows. |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Lionessza(f): 11:31am On Oct 18, 2017 |
edoman2016: You hardly see Nigerians on other African forums not because they don't care about those countries( cus they clearly do, why else would they flock to them in numbers) but because those countries don't discuss you. Get it ? . You won't find a south african forum discussing or insulting you even with all the filth you are known for. The only african County you will see on our media is south africa coz that's who we give a damn about unlike you. Deal with what your loud mouths have caused,. 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by Nobody: 11:58am On Oct 18, 2017 |
Lionessza:all the countries on that list are 200 years ahead of Nigeria (never mind SA). 1 Like |
Re: Compare Nigeria's Naira To Other African currencie and Be Shocked At The Result. by alexxo11(m): 1:08pm On Oct 18, 2017 |
edoman2016:your here complaining about a simple forum....what if it was your country we were migrating to the way you are migrating to ours in large numbersThis the reason why i dont get angry when xenophobic attacks happen to you guys,coz if nigeria was in southafrica"s shoes ,you could be doing exactly the same..... |
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