You’ll be shocked with different response
on the street of Lagos when you want to
find out what a N500 can purchase in the
life a common man.
BRT Tickets In Lagos: In Lagos N500 will get
you an average of 3 BRT Tickets in Lagos
for a ride in any location with the average
price of a bus ride being N150.
Used ‘2nd Hand’ Books: There are lots of
roadside booksellers in different cities in
Nigeria, this is not to advice against buying
brand new books, but there are lots of
books one can buy in Lagos for an
affordable price. Short motivational books,
history of Nigeria books, etc.
Airtime: N500 Airtime will give you the
opportunity to talk for an average of 10
mins on any network of your choice.
5 Litres OF Petrol For Your Generator: N500
will get you an average of 5 Litres of fuel in
most states in Nigeria. In Lagos the average
price of fuel is N96.50, in Abuja N94.60,
Rivers 99.71, and Akwa Ibom N106.00. Your
“I better pass my neighbor” generator will
go with this measurement for an average
stretch of six hours.
Daily Newspapers: N500 will get you at least
2 newspapers (Punch, The Nation, Thisday)
in any part of Nigeria with some change in
your pocket.
Bottle of Beer: N500 will get you at least 2
bottles of beer of your choice out of your
favourite brands.
An Earphone and Phone Case: An earphone
will cost you around N200 or N250, add a
phone case to it, depending on the type of
phone you use though.
A Bunch of banana, Apples and Oranges:
N500 can get you a bunch of bananas at an
average price of N250, oranges and apples.
A Pair of Bathroom Slippers
A Pack Of Vest: they are available for you to
purchase.
Whichever way you find the N500, it is
certain that it still commands some level of
purchasing power in Nigerian economy,
especially with the low income earner.
Spend it wisely
On your own part, tell us what N500 can get
you.
