Post
Topic
Board Politics & Society
Re: Were we just kids or have times changed?
by
Gozie51
on 12/11/2022, 22:15:46 UTC

Currently seeing how things are and how a million of your national currency will not be enough to change our economic situation completely and make us rich, were we just being kids then and didn't know much about the value of money, or have things become really bad and times changed that one million of our national currency does not have value as much as it used to have?

It was not a kid talk at that time but to the reality of what it was then that before you are able to see such huge amount of money in somebody's bank account, the person must be a known wealthy individual. A million Naira in Nigerian currency then isn't easy to find but the case is not the same now because the currency has been devalued. Inflation has dealt with many economics not only Nigeria but some parts of the world has been down with high cost of living and the currency value is becoming lesser by the day.  In the case of Nigeria, the redesigning of the currency is what the government is trying to portray like it will help to put back the strength of the naira but how realistic is this is what we are still asking.