Post by Henry Emeka (@Emekus)
How much would 240 million Nigerians get if $56.5 million were shared equally among 240 million Nigeria
We calculate:
56,500,000/ 0.2354 USD per person
56,500,000/240,000,000
=
0.2354
USD per person
That is 23 cents per person.
In Nigerian naira using ₦1,500 per $1 as an example rate
0.2354 x 1500 =353
So each Nigerian would get about ₦350.
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Comments
Trust Ihum: That just shows the weakness of the Naira
Danny Angbashim: Have you considered the logistics involved? You may need more than the $56.5 million to take care of logistics and the greed of 'sinful' servants and the politicians that will be involved in the distribution.
One Verse ABC: well that is one way of looking at it.
We can also use same money in another way.
Using your rate of 1$ - N1,500, $56.5m = N84.75b.
Divide N84.75b by 6 Geo-political zones of Nigeria will give us N14.125b.
Think of any investment worth N14.125b that can be located in the 6 Geo-political zones of t...
We can also use same money in another way.
Using your rate of 1$ - N1,500, $56.5m = N84.75b.
Divide N84.75b by 6 Geo-political zones of Nigeria will give us N14.125b.
Think of any investment worth N14.125b that can be located in the 6 Geo-political zones of t...