NewStats: 3,264,841 , 8,184,871 topics. Date: Thursday, 12 June 2025 at 02:28 PM z5m12

Ikaeniyan0:
What 2 million naira will buy in Nigeria, the 14 thousand cedis won't buy it in Ghana. 2 million naira will buy an iphone 16 pro max in Nigeria. 14 thousand cedis can't buy you an Iphone 16 pro max in Ghana

What if he comes to Nigeria with that 14k cedis and buy the iPhone 16 pro max?

Fyi, I'm not ing any side, just ask a question

guobe:

Oga make use of your Internet and ask AI SEARCH ENGINES

Ask your AI Search Engine about redecimalisation, as with anything AI, if you feed it a straightforward context less question, it would spout a context less answer.

With respect, you fed it nonsense and it gave you back nonsense.

AI can tell you Atiku is the best politician in Nigeria depending on how you phrase your question.

aswani:


Ask your AI Search Engine about redecimalisation, as with anything AI, if you feed it a straightforward context less question, it would spout a context less answer.

With respect, you fed it nonsense and it gave you back nonsense.

AI can tell you Atiku is the best politician in Nigeria depending on how you phrase your question.

Please show your own screenshot of what you want to feed the AI search engine too.
I want to check something.

lionshare:
I pointed it out to correct your attempt to tie this to politics, which doesn’t make sense—especially when the naira has stronger purchasing power in this context. But it’s clear you’re trying to spin a narrative you don’t fully understand. Stop exposing your ignorance—ChatGPT is free.

I said apc campaigned on the ground of $1 to 215 is failure, and now it's 1600, you are telling Me purchasing power.
How does that sound to hypocrites or did you Suddenly realize it's not by exchange rate

Carazon:


What if he comes to Nigeria with that 14k cedis and buy the iPhone 16 pro max?

Fyi, I'm not ing any side, just ask a question

That is what I asked him too and he ran away.
They have no point and are just defending an inept Government.

guobe:

Please show your own screenshot of what you want to feed the AI search engine too.
I want to check something.

Why would I want to feed AI anything? I was born and brought up before AI became a thing and due to my profession, I have a good idea of how AI works.

Why should I ask AI about Ghanaian currency when I know its journey? I am helping you understand why you got the results you got to avoid you using it to make a complete tube of yourself, as my Scottish friend will say.

However, feel free to tell the whole world what you want, nutin spoil.

Ghana is a useless country.

Was it not about 18 years ago
Now a redecimalised currency which had four zeros yanked off its true value has now become more valuable
Is it a case of inability to read or deliberate amnesia?
I ed Prof. Soludo propose something similar (removing two zeros) for the Naira then (that was when exchange rate was N124)

In July 2007, Ghana (a West African nation) redenominated its currency. The Bank of Ghana (BOG) embarked on an eight-month public education campaign followed by a six-month t circulation period of the old and new currencies. The New Ghana Cedi, worth 10,000 old cedis, together with its coin, the pesewa, became the sole legal tender on January 1, 2008.
Ghana is largely a cash-driven society even though checks and several emoney banking products have been available since 1997 (Bank of Ghana, 2006, Oluniyi, 2008). Redenomination was largely driven by the fact that most transactions in the old currency were in hundreds of thousands or millions, while the largest currency note was a twenty thousand (20,000) cedi note, approximately equivalent to $2.00 at the time of redenomination.

Dzokoto et al., (2010) https://doi.org/10.1016/j.joep.2010.03.014

guobe:
Are Nigerian politicians not ashamed of the naira as it is now.
Our next door neighbour that we pursued some couple of years ago by saying Ghana must go which is the bag the politicians are currently using to loot money now have a far better currency and will soon say Nigeria must go as a lot of Nigerians are currently residing in Ghana.
Just some couple of thousand Ghana cedis is almost 2 million naira.
It's so pathetic .

Bro, no disrespect meant, and no kinder way to put it, you are a functional illiterate. Ghana redenominated their currency I think in 2007 or so.

Meaning they reduced it's previously unweildy numerical qualification a by a few decimals points. That act did not increase the value of the Cedi. It just meant Ghanaians could use one bill to pay for what they previously used many bills to purchase.

Simply put, if Naira is redenominated today to make 1000 Naira equivalent to 10 Naira then what 1000 Naira bought previously will now be bought with 10 Naira. Naira has not suddenly gained value because of that rednomination.


The real comparison of strength of currencies is to put them to the inflation test which Ghana, one of the African nation with comparatively high inflation rate, will fail against Nigeria every time.

10k Naira is a good test. Tell me the cedis equivalent of 10k Naira and let us see, from a basket selection of goods for measuring inflation, what 10k Naira and it's cedi equivalent can purchase in Shoprite Nigeria and Shoprite Ghana respectively.

Simple test that will show some of you guys that you need to spend more time reading and gaining knowledge rather than rushing to post online because you dislike yourself, your colour, your nationality, your President etc, etc.

Realities are still realities. Those who shun emotions, bias and sentiments to grasp that powerful concept have always ruled the world and always will.

The economy of Ghana has not grown because the nation redenominated her currency and it is tragic Nigerian educated adult still exist who believe this to be the case because such is a massive negative indictment of the quality of education available in Nigeria currently.

WizardOfNG:


Bro, no disrespect meant, and no kinder way to put it, you are a functional illiterate. Ghana redenominated their currency I think in 2007 or so.

Meaning they reduced it's previously unweildy numerical qualification a by a few decimals points. That act did not increase the value of the Cedi. It just meant Ghanaians could use one bill to pay for what they previously used many bills to purchase.

Simply put, if Naira is redenominated today to make 1000 Naira equivalent to 10 Naira then what 1000 Naira bought previously will now be bought with 10 Naira. Naira has not suddenly gained value because of that rednomination.


The real comparison of strength of currencies is to put them to the inflation test which Ghana, one of the African nation with comparatively high inflation rate, will fail against Nigeria every time.

10k Naira is a good test. Tell me the cedis equivalent of 10k Naira and let us see, from a basket selection of goods for measuring inflation, what 10k Naira and it's cedi equivalent can purchase in Shoprite Nigeria and Shoprite Ghana respectively.

Simple test that will show some of you guys that you need to spend more time reading and gaining knowledge rather than rushing to post online because you dislike yourself, your colour, your nationality, your President etc, etc.

Realities are still realities. Those who shun emotions, bias and sentiments to grasp that powerful concept have always ruled the world and always will.

The economy of Ghana has not grown because the nation redenominated her currency and it is tragic Nigerian educated adult still exist who believe this to be the case because such is a massive negative indictment of the quality of education available in Nigeria currently.

Another educated illiterate spotted.
So you are more vast about strength of currency than Meta AI.
WHO IS HOLDING YOU FROM REDOMINATING YOUR USELESS NAIRA

guobe:

Another educated illiterate spotted.
So you are more vast about strength of currency than Meta AI.
WHO IS HOLDING YOU FROM REDOMINATING YOUR USELESS NAIRA

Drop the ego bro. Learn from those better than you so your life can be better. No need for needless back and forth.

I have thrown you and all Nairalanders a challenge we can all engage in online together.

The real strength of a currency is it's purchasing power. Let us all assume we are shoppers today in Nigeria and Ghana.

Let some of us enter any Shoprite in Nigeria with 10k Naira this morning. Let Nairalanders in Ghana also enter any Shoprite in Ghana with the Cedis equivalent of 10k Naira.

We can then compare what Naira and cedi equivalent bought in Nigerian Shoprite branch and Ghanaian shoprite branch respectively.

If 10k buys far more in Nigeria's Shoprite than the Cedi equivalent does in Ghana's Shoprite will you accept Naira is the more valuable currency and apologize to Nairalanders for your ignorance and nauseating self-hatred?

Baba, these things no be mouth. Take the challenge. I am ready and can grab prices online today of identical goods in Shoprite Nigeria and Ghana so we see what Nigerians pay in Naira for a can of malt and what Ghanaians pay for same malt in the Cedi equivalent to Naira.

Take the challenge bro so I can show the world how ignorant you are praising a redenominated currency
aligned with an economy with higher inflation than Nigeria.

Carazon:


What if he comes to Nigeria with that 14k cedis and buy the iPhone 16 pro max?

Fyi, I'm not ing any side, just ask a question

Does that then not show you which economy is stronger if Ghanaians need to travel to Nigeria to get better value for money?

What 14k cedis cannot buy in Ghana can be bought for same Naira equivalent in Nigeria. Even basic reasoning a 10 year old is capable of shows which nation has lower inflation and comparatively stronger currency.

Reducing decimal places in a nations currency can only bamboozle those who hate their own nation and are ready to use ignorance to claim all nations of the world, be it Sudan or Somalia, are better than Nigeria.

Those sort of people don't even understand they need to make it make sense. They simply just rush online to post ignorant drivel that exposes them as self-hating olodos.

WizardOfNG:


Does that then not show you which economy is stronger if Ghanaians need to travel to Nigeria to get better value for money?

What 14k cedis cannot buy in Ghana can be bought for same Naira equivalent in Nigeria. Even basic reasoning a 10 year old is capable of shows which nation has lower inflation and comparatively stronger currency.

Reducing decimal places in a nations currency can only bamboozle those who hate their own nation and are ready to use ignorance to claim all nations of the world, be it Sudan or Somalia, are better than Nigeria.

Those sort of people don't even understand they need to make it make sense. They simply just rush online to post ignorant drivel that exposes them as self-hating olodos.

guobe:
.

Bro, stop the idiocy of sending quora images like that below. Take my challenge. Let us compare what 10k can buy in Nigeria and what it's cedi equivalent can buy in Ghana.

Purchasing capacity is the undisputed test of a currency's value. Stop this back and forth idiocy. I can embarrass you right now and show the forum evidence that will discredit you.

Yet I want you to make a fool of yourself by taking my challenge. If you cannot do so then know you stand discredited here. Meaning you should learn to come correct in future.

Hating Nigeria or her President does not mean you begin spreading ignorant drivel about our nation. If you love other nations so much, then move to live there.

We are not stopping you. Despite our problems, many Nigerians, including those who have seen the world and done well globally, know why they see potential greatness in our nation and why they still love living in 'imperfect' Nigeria.

Don't quote me any more if you cannot take the challenge I have put before you. I am on ground as a businessman who knows nations like Ghana and their realities, first hand, across continent of the world.

I don't do subjective AI and quora argument. I do real and proven. Let's go

Carazon:


What if he comes to Nigeria with that 14k cedis and buy the iPhone 16 pro max?

Fyi, I'm not ing any side, just ask a question

How much will it cost him to fly from Ghana to Nigeria to and fro?

Zionmdde:

After yarning rubbish don't forget to tell us that buhari, tinubu and apc asked Nigerians if $1 to N215 was OK?
You guys can defend the indefensible. I hope u are well paid for that. Because if you are doing all these free of charge or because "it's my tribe thing" then you are of all men MISERABLE

you're of all men most miserable.

Don't worry your end will come soon before the year ends

Be like ghnango be the next Japa destination..

Ikaeniyan0:
How much will it cost him to fly from Ghana to Nigeria to and fro?

They don't think before they talk. Reacting instinctlvely to self-hatred hatred of others and hatred for ones own nation is what forces most Nigerians to speak without recourse to facts.

Most Nigerians are so hateful that their main mission remains an obsessive need, even if prosecuted with lies, to show anyone who cares to listen that all nations are better than Nigeria.

I don't have an issue with that but we need to keep issues factual.

Using Ghana, a ridiculously expensive and opportunity-bereft nation, to shade Nigeria of today is not on at all for those of use who are knowledgeable and know the reality of most nations that japa-obsessed haters want to claim are better than Nigeria by fire by force.

Zionmdde:

I said apc campaigned on the ground of $1 to 215 is failure, and now it's 1600, you are telling Me purchasing power.
How does that sound to hypocrites or did you Suddenly realize it's not by exchange rate

It’s clear that you misunderstand the meaning of hypocrisy—and that’s not even your biggest issue. Your real challenge seems to be processing new information. If you’re going to push a narrative, at least make sure it’s grounded in logic. Otherwise, you’ll keep struggling in vain, with nothing to show for your efforts. For the sake of our Fledgling democracy, do better.

WizardOfNG:


They don't think before they talk. Reacting instinctlvely to self-hatred hatred of others and hatred for ones own nation is what forces most Nigerians to speak without recourse to facts.

Most Nigerians are so hateful that their main mission remains an obsessive need, even if prosecuted with lies, to show anyone quote cares to listen that all nations are better than Nigeria.

I don't have an issue with that but we need to keep issues factual. Using Ghana, a ridiculously expensive and opportunity-bereft nation, to shade Nigeria of today is not on at all for those of use who are knowledgeable and know the reality of most nation japa-obsessed haters want to claim are better than Nigeria by fire by force.

Keep on defending people that are bleeding the country

aswani:


Ask your AI Search Engine about redecimalisation, as with anything AI, if you feed it a straightforward context less question, it would spout a context less answer.

With respect, you fed it nonsense and it gave you back nonsense.

AI can tell you Atiku is the best politician in Nigeria depending on how you phrase your question.

The guy is a clown. I waited for him to make a fool of himself but he fled rather than take the challenge. I will now expose him for the self-hating ignoramus he is.

Below are current prices of a can of 330ml Malta Guiness can drink in Nigeria and Ghana.

I.e 650 Naira and 15.79 cedis. Of course the much smaller 15.79 figure would seem cheaper to olodos who really need to demand refund from all schools they attended.

Yet look at the currency exchange rate data for today (last image) that shows 15.79 cedis paid for a can of Malta Guiness 330ml can drink is the equivalent of 2416 Naira today for same Malta Guiness drink that cost 650 Naira in Nigeria.

Image the huge difference which shows OP should be tracked down and charged for defamation of Nigeria with this thread of idiocy.

What lunacy compels the comparison of our Naira currency, with which 2416 Naira can buy almost 4 cans of 330 ml Malta Guiness in Nigeria, to the Ghanaian cedis when the cedis equivalent of 2416 Naira will only buy you one can of same drink in Ghana?

The annoying thing is that too many of these self-hating Nigerians, determined to always demarket and ridicule us before the world like Peter Obi, do this too many times.

Why lie against your own nation whether by commission or omission? You hate Nigeria? No wahala. Move to Ghana or Mali and have a nice life.

What will not fly with patriotic Nigerians, who love our nation die, is giving a Dog (Nigeria) a bad name to hang it

guobe:

Keep on defending people that are bleeding the country

Look above bro. I have done what I challenged you to do for ages yet you avoided said challenge in preference for contributing ridiculous images that mean nothing to those who do real, comparative and decisively informative data and statistics.

Argue with what I have shown above if you can or kindly remain silent from this point on. The more you talk, without countering what I have shown, that anyone can check and validate, the more you make it obvious your are an ignorant hater and bitter demarketer of Nigeria.

WizardOfNG:


Look above bro. I have done what I challenged you to do for ages yet you avoided said challenge in preference for contributing ridiculous images that mean nothing to those who do real, comparative and decisively informative data and statistics.

Argue with what I have shown above if you can or kindly remain silent from this point on. The more you talk, without countering what I have shown, that anyone can check and validate, the more you make it obvious your are an ignorant hater and bitter demarketer of Nigeria.

So if the prize in UK is higher than Nigeria means Nigeria currency is better than the pounds.
This job of defending is not easy sha.kpele.Man must survive. Please take screenshot and show your oga at the top as I just helped your work for today.

guobe:

So if the prize in UK is higher than Nigeria means Nigeria currency is better than the pounds.
This job of defending is not easy sha.kpele.Man must survive. Please take screenshot and show your oga at the top as I just helped your work for today.

More idiocy. Do you know what, beyond any possible arguments, illustrates the strength of one currency in comparison to another? It is purchasing power parity.

Simple as that. You are ignorant and not very bright. You are one of those driven by hatred and bitterness alone.

I don't like to be ungracious to anyone or mock others but people like you deserve it because you don't check your hateful hearts before speaking.

You have no consideration for the feelings of others including the need to respect boundaries.

If you hate Nigeria, that is your problem. Never try to force others to you , especially using desperate lies and ignorant postulations, in your hatred and bitterness towards Nigeria.

guobe:
Are Nigerian politicians not ashamed of the naira as it is now.
Our next door neighbour that we pursued some couple of years ago by saying Ghana must go which is the bag the politicians are currently using to loot money now have a far better currency and will soon say Nigeria must go as a lot of Nigerians are currently residing in Ghana.
Just some couple of thousand Ghana cedis is almost 2 million naira.
It's so pathetic .

No you people should be ashamed of yourselves...Crying and saying bad things about Nigeria as if your country is the worst in Africa...Ghana economy is worse as Bleep but they wont cry like you....In Nigeria youths buy cars like water and it is not like that in iother African countries..... Go to country like Kenya, Mali, cameroon, etc Nothing is happening in those countries....My cousin just returned from Ouagadougou after a year and a month because of lack of jobs...Instead of our people to believe in Nigeria, they will prefer to go to Turkey or Pakistan to peddle drugs, go to the poor Niger to help rear cattle... go to Mali to sell food at the canteens, while people from that other side of nigeria will prefer to go to italy or kUWAIT for prostitution

WizardOfNG:


More idiocy. Do you know what, beyond any possible arguments, illustrates the strength of one currency in comparison to another? It is purchasing power parity.

Simple as that. You are ignorant and not very bright. You are one of those driven by hatred and bitterness alone.

I don't like to be ungracious to anyone or mock others but people like you deserve it because you don't check your hateful hearts before speaking.

You have no consideration for the feelings of others including the need to respect boundaries.

If you hate Nigeria, that is your problem. Never try to force others to you , especially using desperate lies and ignorant postulations, in your hatred and bitterness towards Nigeria.

Words coming from a paid ding bat.

Britishpea:


No you people should be ashamed of yourselves...Crying and saying bad things about Nigeria as if your country is the worst in Africa...Ghana economy is worse as Bleep but they wont cry like you....In Nigeria youths buy cars like water and it is not like that in iother African countries..... Go to country like Kenya, Mali, cameroon, etc Nothing is happening in those countries....My cousin just returned from Ouagadougou after a year and a month because of lack of jobs...Instead of our people to believe in Nigeria, they will prefer to go to Turkey or Pakistan to peddle drugs, go to the poor Niger to help rear cattle... go to Mali to sell food at the canteens, while people from that other side of nigeria will prefer to go to italy or kUWAIT for prostitution

Well-said. I cannot ask any Nigerian to refrain from hating on our nation or bouthing her but I take personal objection when people cannot keep it real merely because their desperate need to demarket Nigeria takes them inro the arena of lies and wild fabrications

Some of these guys are so disguntingly annoying that they would even make a spurious case for Afghanistan, Sudan, Somalia etal being better than Nigeria.

The reality of inflation in Ghana, because the Cedis is effectively worthless, is extremely dire. As you observed, that reality is still not enough to move Ghanaians to be the biggest demarketing agents of their own country.

It is only Nigeria , where people hate themselves and others with a ion, we see so-called Nigerians happy to use wholesale lies to portray their nation the worst in the world.

WizardOfNG:


Does that then not show you which economy is stronger if Ghanaians need to travel to Nigeria to get better value for money?

What 14k cedis cannot buy in Ghana can be bought for same Naira equivalent in Nigeria. Even basic reasoning a 10 year old is capable of shows which nation has lower inflation and comparatively stronger currency.

Reducing decimal places in a nations currency can only bamboozle those who hate their own nation and are ready to use ignorance to claim all nations of the world, be it Sudan or Somalia, are better than Nigeria.

Those sort of people don't even understand they need to make it make sense. They simply just rush online to post ignorant drivel that exposes them as self-hating olodos.

So in other words, a millionaire in Nigeria is a poor man in Ghana.

There was once a time people from Ghana and neighboring countries come to Nigeria in search for greener pastures.... Now, it's the other way around. How sad