NewStats: 3,263,952 , 8,182,064 topics. Date: Monday, 09 June 2025 at 02:04 AM 3d6226

$10 won’t buy you lunch in U.S, but $1 will get you meal in Nigeria – Tope Fasua, SSA to Tinubu

Dr. Tope Fasua, the Special Adviser to President Bola Tinubu on Economic Affairs, has highlighted the complexities of poverty measurement while defending the value of the naira in local , comparing the cost of living in Nigeria with that of the United States.

Speaking on the MicOnPodcast with Seun Okinbaloye, Fasua argued that many Nigerians misunderstand the concept of multi-dimensional poverty, which is often used in global poverty indices.

“Some people don’t understand the meaning of multi-dimensional poverty,” he said. “They think multi-dimensional poverty is worse than food poverty. What multi-dimensional means is that maybe the school your children attend is too far from you, or the hospital, and they categorise you as multi-dimensional.”

He went on to explain that despite the high exchange rate of the naira to the dollar, the purchasing power of local currency in Nigeria remains significant compared to the cost of living abroad.

“$1 is N1,500 – it’s a lot of money for many people in Nigeria. $10 won’t buy you lunch anywhere in the

U.S., sometimes you need at least $20, that is N30,000 in Nigeria,” Fasua explained.

Using relatable examples, Fasua described how ordinary Nigerians can still enjoy decent meals without spending much.

“I will tell you what you can do with $5 – that is N7,500 – if you are not going to eat in some eyebrow places. In Gwarinpa, there are some people that sell Boli and fish and you will eat for N1,500. If you know where you are coming from,” he added.

https://www.vanguardngr.com/2025/04/10-wont-buy-you-lunch-in-u-s-but-1-will-get-you-meal-in-nigeria-tope-fasua-ssa-to-tinubu/

Then send your children back home

What are you waiting for?
Hop on the next available flight to enjoy $1 lunch.

This guy was comparing $10 to $1, how does that make sense since
Nigeria spends Naira and not Dollar.
He should have compared $10 to #10.

Food is expensive in the USA, but when you look at what they earn, they can easily afford it.

Its just common sense, it is easier to get $10 over there than #10000 naira here.

But I prefer to go there and hustle, instead of staying here (Nigeria)..

What can $1 buy you in Nigeria

What kind of meal is that ?

Maybe garri and groundnuts.

Imagine how these ingrates think.

Which Fast food can you get a Good meal with 1500naira ?

Is it Chicken Republic?
Is it Kilimanjaro?...
Is it tantalizes?
.is it even white House in Yaba
Or in
Ozone?

Or all these risky burgers and mass production Mama puts that put your life at risks



See how this apc government keeps
degrading citizens .

Why not work to take Nigerians off hunger lines at least to where Gej left us?


You guys removed all the subsidies both physically and spiritually and lock up the money for yourselves alone .


Wicked set of people

Islie:


$10 won’t buy you lunch in U.S, but $1 will get you meal in Nigeria – Tope Fasua, SSA to Tinubu






https://www.vanguardngr.com/2025/04/10-wont-buy-you-lunch-in-u-s-but-1-will-get-you-meal-in-nigeria-tope-fasua-ssa-to-tinubu/

Nlfpmod

clueless Tope Fasua lieing comfortably here.

.

To make 10 dollar via minimum wage in USA in most state is 45 mins of work

To make 1500 in Nigeria via minimum is 6 hours plus of with

The drug dealer keeps appointing agbero statisticians, it's no wonder his zombie followers reason like him.

Most people buy snacks during lunch and $10 can get you that in the States

Lol...

Are these people serious?

You destroy the economy, devalue the currency to ridiculous levels and then brag about it?

$1 in the US would get you a variety of snacks that can be quite filling.

That boli and fish that is N1,500 today, was less than N200 10 years ago. The meal you can get for $1 in the US today, was about 85 cents 10 years ago.

That $1 is about 0.1% of the average minimum wage in the US.

N1,500 over 2% of the minimum wage in Nigeria.

Hope Tope can see the difference in cost of living and purchasing power.

Mumu man

It looks like once tinubu appoints you, you begins to think upsidedown.

peleson1:
What can $1 buy you in Nigeria

What kind of meal is that ?

Maybe garri and groundnuts.

Imagine how these ingrates think.

Which Fast food can you get a Good meal with 1500naira ?

Is it Chicken Republic?
Is it Kilimanjaro?...
Is it tantalizes?
.is it even white House in Yaba
Or in
Ozone?

Or all these risky burgers and mass production Mama puts that put your life at risks



See how this apc government keeping degrading citizens .

Why not work to take Nigerians off hunger lines at least to where Gej left us?


You guys removed all the subsidies both physically and spiritually and lock up the money for yourselves alone .


Wicked set of people

Please, whatever you say, don't denigrate our dear Mama Puts. Do you know how many bank executives depended on Mama put to scale through their university education? Mama Puts have been life-savers since time immemorial and they are Patriots that should be celebrated.

Which food?
Bread at beans at buka??

The man is dumb. What's the minimum wage in America and what's the minimum wage in Nigeria?

Some wicked leaders puppet will always want to justify their wickedness to the people they are govern.

The guy is delusional!😂😂😂

How many Nigerians can even earn that $1 in an hour when a minimum wage earner in the US can earn that in an hour.

ObosiLandlord:
Food is expensive in the USA, but when you look at what they earn, they can easily afford it.

If we take into the significant income disparity and the current rising costs of living, then this statement is misleading.

He is right.
in his analogy you can also buy a tokumbo car with 1$ in Mozambique.

Xisnin:
What are you waiting for?
Hop on the next available flight to enjoy $1 lunch.

This guy was comparing $10 to $1, how does that make sense since
Nigeria spends Naira and not Dollar.
He should have compared $10 to #10.

I am just surprised at the guy,he is a very brilliant guy
Before coming to government, you can see his brilliant contribution on TV, people centric approach
But since he government he has been saying dumb things, that I begin to wonder,what has happened to him

Islie:


$10 won’t buy you lunch in U.S, but $1 will get you meal in Nigeria – Tope Fasua, SSA to Tinubu






https://www.vanguardngr.com/2025/04/10-wont-buy-you-lunch-in-u-s-but-1-will-get-you-meal-in-nigeria-tope-fasua-ssa-to-tinubu/

Nlfpmod

Even though he made some valid point. He should also know that his comaprisons excludes the economic challenges faced by many Nigerians. Multi dimensional poverty includes many factors, but that doesn't negate the reality that many Nigeria struggle with basic needs amidst rising inflation.

Karlovych:
The drug dealer keeps appointing agbero statisticians, it's no wonder his zombie followers reason like him.

Most people buy snacks during lunch and $10 can get you that in the States

are you into a drug ?...

Why are you allowing the to dictate your reasoning...
Naa wah for you naa ooo

1$ is like N1 to them over there according to their minimum wage. Can even N1000 get one a decent meal here?

surgical:
I am just surprised at the guy,he is a very brilliant guy
Before coming to government, you can see his brilliant contribution on TV, people centric approach
But since he government he has been saying dumb things, that I begin to wonder,what has happened to him

What has happened to him is the outsized salary and influence they get from the appointment.
The issue with these kind of guys is that while they are smart, they lack ideology and hence
could serve as tool to anybody who can afford them.

you can't defend grab it snatch it and run with it criminal and sound wise.its a must to look foolish.now see

The average agbàdo bàstard thinks, talks and operates with a satanic level of fòolishness and wickedness 24/7. You can see how their nairaland slaves operate and juxtapose it with the thought process of their leaders

No wonder Daniel Bwala said this..

The comparison is not commensurating,if you want to compare unit, compare it with unit, don’t compare unit with ten.
You will compare 1 dollar to 1 naira, that’s how a sensible economist should talk.
What can you buy with 1 naira in Nigeria?
Even if we compare unit to 100 here? It still shows how bad the country is.
One usd compare to 100 naira here is worthless,
1 usd can buy a satisfying and tangible snack that will fill your stomach there but 100 naira here can’t buy some sweet/ candy. Whereas candies can’t quench your hunger.

Xisnin:

What has happened to him is the outsized salary and influence they get from the appointment.
The issue with these kind of guys is that while they are smart, they lack ideology and hence
could serve as tool to anybody who can afford them.

you are right, I never saw him like that,he is someone I know very well
I am disappointed
Good name is better than gold and silver

12piece of chicken nugget and big cup of sprite or coca is 8dollar 😂😅 and that lunch but can N10 buy you lunch in Nigeria


All ronus sef 😂😅