Naira Still Has Value, Says VP Aide
Tope Fasua, Special Adviser on Economic Affairs to the Vice President of Nigeria, has stirred a national conversation after suggesting that ₦2,500 can still buy a decent meal—even in an affluent area like Lekki.
💬 "A dollar is ₦1,500 – it’s a lot of money for many people in Nigeria… $10 won’t buy lunch in the US, but here in Nigeria, ₦1,500 can still feed you." — Fasua said in a recent interview.
Not Dismissing Poverty—Clarifying the Reality
Speaking on Arise TV, Fasua emphasized that his statement was not a denial of the country’s economic hardship. Instead, it was meant to highlight the purchasing power of the naira in local contexts.
“Nobody is saying there’s no poverty in Nigeria. But empirically, ₦1,500 is still a lot to many Nigerians,” he added.
He even cited first-hand experience at Black Bell restaurant in Lekki Phase 1, where meals are available for ₦2,500—challenging the perception that eating out in Lagos is universally expensive.
From Gwarinpa to Maiduguri—A Meal Is Still Possible for ₦1,500
Fasua cited examples from Gwarinpa, Abuja, where ₦1,500 can get you Boli and fish, and also referenced videos sent from cities like Maiduguri and Lagos, showing meals being bought at affordable rates.
📌 "If you gave a security officer ₦1,000 today, he’d thank you sincerely—it could buy him a meal. That tells you ₦1,500 means something to many."
Bridging the Economic Divide: Fasua’s Bigger Message
Fasua acknowledged that many Nigerians face severe economic pressure, urging both public and private sectors to address wealth inequality and broaden access to opportunity.
🧠 Want to learn more about Nigeria’s economic development strategies? Check out our latest analysis on the 2025 Economic Recovery Plan 🟦
🟦 Call to Action: What Do You Think?
Do you believe ₦2,500 can still get you a full meal in your area? 🍽️
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How Economic Policies Influence Inflation in Nigeria
🔗For more on Nigeria’s current inflation rate and meal costs, visit Trading Economics - Nigeria Food Inflation.
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