Let’s Debate This! $1 Vs N500 Brouhaha

Posted on September 27, 2021

AUSTIN OGANNAH 

I came across people making a mockery of the Naira vs the Dollar in the last 48 hours and I have been laughing since then. Is the currency exchange rate a yardstick for the basic cost of living comparison? I am not happy that our Naira is depreciating always but hey….it is not that bad and this is why:

1. N500 can buy me 2 square meals in Nigeria but $1 can’t buy you a meal in the US.

2. N500 can buy me a 1.6gb worth of data in Nigeria but $1 can’t buy you a 250mb of data in the US. T-Mobile charges N32,500 for a 30gb of data, AT&T charges N37,500 for a 30gb of data, Verizon also charges N40,000 for same 30gb of data in the US. Glo charges me N10,000 for 50gb and MTN charges me N10,000 for 40gb of data.

3. A 75cl bottle of water in Nigeria cost an average N100, a 55cl bottle water in the US is $1.45 which is N725.

4. The most expensive place to live in Abuja is Aso Drive, a single room cost N400,000 per month, same room goes for N350,000 in Lekki all in Nigeria. Same room in Manhattan, New York City goes for N1.8 million per month.

5. N500 can buy me a dudu osun bathing soap and a Vaseline for the harmattan season, $1 can’t do same in the US.

6. N500 can buy me 3 litres of fuel in Nigeria, $1 can only buy you 1.3 litre of fuel in US.

7. It costs an average N180 daily to earn a degree in Nigeria, it cost an average N1,650 a day to earn same in the US.

Keep Insulting Yourself Thinking You Are Insulting Nigeria.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Abubakar Suleiman, the Chief Executive Officer of Sterling Bank Limited, delivered an enlightening discourse... Continue
MICHAEL AKINOLA A Police officer, Ogundowole Ojo, had a nasty experience while enforcing Lagos... Continue
CELESTINE EBUBEOGU     Many of us see China and its people back home... Continue
The Lagos State Governor, Mr. Babajide Sanwo-Olu, has assured workers in the State that... Continue
MICHAEL AKINOLA  Barely few days after Reno Superstores company sent their security guard, Emmanuel... Continue
IZUNNA OKAFOR  Veteran Nigerian actor, Sir Dr. Bob-Manuel Udokwu, has lamented that many people... Continue
President Bola Tinubu has extended his condolences to the family and associates of Second... Continue
MICHAEL AKINOLA  A 46-year old staff of Twins Faja Nigeria Limited, Olawuyi Kehinde, has... Continue
  Ever since Raheem Salaudeen made his debut in the Nationwide League One (NLO)... Continue
KINGSLEY EBERE  The CEO of Ruzu Herbal Products, Dr. Roberts Onyemaechi Uzu, has urged... Continue

UBA


Access Bank

Twitter

Sponsored