Nigerian Businessman Who Used To Buy 800 Bags Of Groundnut With Just N2.5 Million In The Year 2018, Says The Same N2.5 Million Can Only Fetch Him 40 Bags Of Groundnut In 2024.

A Nigerian businessman said he used to buy 800 bags of groundnut with just N2.5 million in the year 2018 However, he said things have changed drastically and that with the same N2.5 million, he is only able to buy 40 bags He shared his story in a video which he posted on X, noting that there is high inflation as the value of the naira has dropped.

A Nigerian man has said the value of the naira has dropped considerably. According to the businessman, the value of the Nigerian currency is not the same as compared to 2018.

In a post he made on X, the man, Spike Atimbo said he used to buy 800 bags of groundnuts with N2.5 million. However, that was in 2018 as things have drastically changed in 2024.

According to Spike, the same N2.5 million can only fetch him 40 bags of groundnut in 2024. His words: “Hear me out. I bought 800 bags of Groundnut for 2.4M in 2018 and I am using the same amount to buy just 40 bags in 2024.”

Watch the video below:

Source:legit.ng

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