$10 Won't Buy You Lunch Anywhere In The US, But You Can Buy Food For 1500 In Nigeria- Tope Fasua
Tope Fasua, Special Adviser to President Tinubu on Economic Affairs, sparked debate with a striking comparison of living costs between the U.S. and Nigeria Fasua, an economist and former presidential candidate, highlighted the disparity: "$10 won’t buy you lunch anywhere in the U.S.; you need at least $20. $20 x ₦1,500 is ₦30,000. In Gwarinpa, Abuja, some people sell bole and fish on the roadside—you can eat for ₦1,500. What $10 will do in New York, you only need $1 in Nigeria." Fasua’s statement, shared via a post on X by Imran Muhammad on April 6, 2025, underscores the purchasing power differences between the two nations. At an exchange rate of ₦1,500 to $1, ₦1,500 equates to roughly $1, meaning a modest roadside meal in Nigeria costs a fraction of a U.S. lunch. This aligns with Fasua’s broader narrative, as seen in his Premium Times articles, where he argues Nigeria’s economic challenges are often overstated, emphasizing the country’s potential despite income i...