Nigeria’s highest currency can’t buy 1 liter of fuel – Nollywood filmmaker, Olaide Olabanji

Olaide Olabanji, a seasoned Nollywood filmmaker and laminitis of LAIBAN movie production, has lamented the mediocre purchasing powerfulness of Nigeria’s highest currency note, N1,000.

DAILY POST reports that N1,000 enactment was introduced connected October 12, 2005 during President Olusegun Obasanjo’s administration.

In 2005, the US Dollar to Naira authoritative speech complaint was N132.

At that time, the N1,000 enactment was worthy implicit $7.

Today, according to a study by Quartus Economics, N1,000 has mislaid implicit 94% of its purchasing powerfulness since its introduction.

Lamenting the concern successful an Instagram video on Wednesday, Olaide Olabanji, who is simply a known professional of atrocious governance, lamented that thing is incorrect with Nigeria.

Expressing sadness implicit Nigeria’s worsening economy, helium said, “Your highest wealth N1,000 cannot bargain 1kg of gas. Your highest currency cannot bargain you 1 liter of petrol. Something is decidedly incorrect with Nigeria. So sad.”

Watch him speak:

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