A viral video has stirred widespread reactions on social media after a Nigerian lady claimed that ₦1 million no longer holds the financial value it once did.
In the trending clip, the lady expressed frustration over the rising cost of living, arguing that inflation has significantly reduced the purchasing power of money. Speaking in a mix of Pidgin and English, she remarked, “We don dey see one million naira as normal money. Like one million naira is nothing anymore. One million naira don be like 100k.”
She reflected on how people used to react with excitement at the mention of ₦1 million, noting that such reactions have faded with time. “You know before if you hear one million naira, hey! one million naira? Now, if you buy something now they go tell you say oh you have to balance off one million naira,” she added.
The lady explained that her frustration was triggered by a recent experience with a friend who casually asked her for ₦1 million. According to her, the request came without consideration of whether she could afford such an amount.
“She just called me, she no even ask me if I have, she said, ‘jojo you fit send me one million naira, I go send am back tomorrow.’ How do you know if I have it?” she said.
She further argued that such requests reflect a growing assumption that ₦1 million is easily accessible to many people. “So one million naira now don turn 100k wey be say everybody dey get am,” she concluded.
The video has since generated mixed reactions online, with many Nigerians sharing their perspectives.
One user, Crownbola, wrote, “1 million naira now is just ‘blink and it’s gone’ money 😭 You go withdraw am feeling rich… two supermarket runs, fuel, and small urgent 2k wey turn 20k, next thing you’re back to checking your balance like ‘how did we get here?’”
Another user, Uwa, pointed out the disconnect between income and expenses, saying, “The part that doesn’t make sense in all these is that our minimum wage is 70,000 NGN and the government is doing nothing to marry our income and the cost of things.”
However, not everyone agreed with the lady’s claim. A user identified as Sammy Steve countered, “My dear speak for yourself o. Which one is everybody now have 1 million naira 🙄 u dey whine?”
Others also raised concerns that such narratives could encourage unrealistic assumptions about people’s financial capacity, especially in areas like rent and daily expenses.
The debate highlights ongoing concerns about inflation, economic pressure, and the changing perception of money among Nigerians.
Published by Ejoh Caleb
