Nigerian Currency (Naira) Fastly Becoming the Weakest Amongst Africa Currencies
Written By Gbadamosi Adeshina
29th November 2019
South Africa: Rand 1= 79 Naira
Angola: 1 kwanza = 12 Naira
Botswana: 1 Pula = 28 Naira
Cape Verde: 1 Escudo = 8 Naira
Algeria: 1 Dinar = 12 Naira
Egypt: 1 Pound = 35 Naira
Eritrea: 1 Nakata = 18 Naira
Ethiopia: 1 Birr = 19 Naira
Ghana: 1 Cedi = 56 Naira
Gambia 1 Dalasi = 9 Naira
Kenya: 1 shilling = 6 Naira
Liberia: 1 Dinar = 8 Naira
Lesotho: 1 Loti = 19 Naira
Libya: 1 Dinar = 156 Naira
Morocco: 1 Dirham = 176 Naira
Madagascar: 1 Ariary = 14 Naira
Mauritius: 1 Rupee = 16 Naira
Malawi: 1 kwacha = 21 Naira
Mozambique: 1 Metical = 24 Naira
Namibia: 1 Dollar = 32 Naira
Seychelles: 1 Rupee = 22 Naira
Sudan: 1 pound = 42 Naira
Swaziland: 1 Lilangeri = 19 Naira
Tunisia: 1 Dinar = 150 Naira
Zambia: 1 kwacha = 28 Naira
Even the worst economies of Africa now have more valuable Exchange rate than Nigeria.
As at today $1 = N370
€1 = N450
£1 =N540
N1,000,000 is less than $4000.
...and some think that we have not reached the breaking point?
Putin (Russia President is a Lawyer)
Trump (USA - US President holds Economics degree)
Merkel (Germany Chancellor holds PhD physical chemistry)
Xi Jinping (China President holds Chemical engineering and Doctor of Law)
Buhari (Nigeria President don’t event hold School or West African School Certificate - as his WAEC was nowhere to be found)
Yet, somebody wants a growing economy under this administration. We are just playing, it is time to say Goodbye if we must tell ourselves the truth. This country can't be a Giant of Africa any more.
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