A trending WhatsApp post claims that depreciation of the naira against the dollar is not as bad as people think, arguing that the currency
The author of the post also claimed, among other things, that N740 can buy two square meals in Nigeria while $1 cannot buy a meal in the United States.Preliminary findings by Daily Trust revealed that the post was first made in a blog by, Engr. Ibrahim Danlami Aliyu, in October 2021 and recirculated recently. At the time, the author of the blog used N500 as the exchange rate to a dollar as against the N740 used in the trending post.
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