The value of the naira has declined sharply over the years, making lower denominations like the 5 naira and 10 naira almost worthless.
However, the 100 naira note still has some purchasing power in the local market. This blog explores 50 items that can currently be purchased with 100 naira in Nigeria.
List of 50 things 100 Naira can buy as at today
1. 2 piece of biscuits
2. 1 bottle of water
3. 1 gala
4. 1 bottle of zobo
5. 3 piece of buns
6. 100 naira Worth of airtime
7. 1 piece of local chin chin
8. Small akara
9. 2 pieces of banana
10. 1 small tomato paste
11. 1 cup of garri
12. 1 pieces of plantain chips
13. 1 piece of grounded pepper
14. Small piece of pepper
15. local vegetables
16. Puff puff
17. Children small sweets
18. 2 sticks of kuli kuli
19. Local children chocolate
20. Small nylon packed crayfish
21. 1 egg not everywhere
22. 1 piece of groundnuts
23. Four local seasoning cubes
24. 1 piece of local spices
25. 1 piece of moi moi
26. 1 sachet of salt
27. 5 copies of print files
28. 10 A4 papers
29. 1 piece of cheap candy
30. Small cut of Pawpaw( road side)
31 1 stick of cigarette
32. 3 pieces of biscuit
33. Small cut of pineapple( road side)
34. 1 piece of roasted plantain
35. 1 cup of local groundnut paste
36. Small cut of coconut( road side)
37. 1 wrap of fufu
38. Nylon wrapped locust bean( iru)
39. Local newspaper
40. Local sachet water
41. Local keke fare for very short journey
42. Local small donuts( road side)
43. Half pack of nylon
44. 1 pack of matches ( not the same everywhere)
45. Road side puff puff
46. Road side Akara( bean cake)
47. 2 piece of pencil
48. 1 piece of biro
49. Notebook
50. Vegetables
Conclusion
While 100 naira had much more value and purchasing power in the past, it can still buy over 50 basic food and household items currently. However, its worth continues to decline with inflation. Urgent action is needed to stabilize the naira.