“5 pounds can buy a dress, but 5 naira can buy nothing. Naira is useless” – Man says

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Recently trending is the controversy of the value of ‘Naira’ compared to Dollars and other foreign currencies.

A Twitter user, Ugwunna Ejikem has taken to his page to give analysis of value of the Nigeria currency in comparison to other countries.

Ugwunna have a list of items that can be bought with dollars, pounds and cedies; such that cannot be purchased in Nigeria based on currency value.

In his tweet, he wrote:

  • You can buy a dress for 5 pounds.
  • You can buy a good Mp3 player for 5 US dollars.
  • You can buy two bottles of water for 5 Ghanaian cedis.
    You cannot buy anything for 5 naira…not even satchet water.
    THE NAIRA IS USELESS!

What do you think?

Written by Dammy

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