There was a time when ₦100 might purchase much more than it does in the present day. Previously, individuals might stroll right into a restaurant with ₦100, get pleasure from a full meal, and nonetheless depart with change.
Going again even additional, this quantity might get you sufficient groceries for months, and in response to the tales from older individuals, it might even purchase vehicles and pay for journeys overseas.
Nevertheless, issues have modified dramatically. Attributable to inflation and the falling worth of the Naira, the buying energy of ₦100 has decreased. Smaller foreign money notes like ₦5, ₦10, ₦20, and even ₦50 have gotten virtually ineffective as they will hardly purchase something in the present day.
So, what can ₦100 purchase in Nigeria in the present day? Right here’s a short record:
- Just a few cubes of Maggi (seasoning cubes)
- A single piece of sweet
- 3 sachets of water
- One pencil
- A pen
- Two packets of Coaster biscuits
- Two containers of matches
- A small portion of sugar and groundnuts
- A small-sized candlestick
- Presumably sufficient airtime for one quick telephone name
As demonstrated, ₦100 now primarily covers very primary and minimal requirements. Previously, this quantity might have bought extra substantial objects like a packet of spaghetti or half a “derica” (a few cup) of rice.
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