“₦1 Million No Longer a Big Deal” — BBNaija’s Tochi Laments Naira’s Decline
Reality TV star and rapper, Tochi Okechukwu, has stirred an online conversation with a blunt take on Nigeria’s worsening currency depreciation. The former Big Brother Naija housemate took to Instagram to reflect on how ₦1 million — once a major milestone for many — has now become "ordinary."
🗣 “₦1 million used to be a dream. Now, it's just digits.”
Tochi’s post read:
“I remember when 1 million Naira was a big deal, now everyone has it in their bank account.”
Though a generalization, his statement touches a deep nerve in Nigeria’s current economic climate, where inflation, exchange rate volatility, and cost of living have drastically eroded the purchasing power of the Naira.
💭 OPINION — Not Rich, Just Poor in a Richer Way?
Tochi’s observation highlights a paradox: More people may have ₦1 million, but that amount buys far less today than it did five or ten years ago.
What used to secure:
A plot of land,
A small business startup, or
A decent second-hand car,
…now barely covers rent, groceries, or school fees in major cities.
The question isn't whether "everyone" has ₦1 million, but whether ₦1 million means anything significant anymore.
🧮 A Harsh Economic Reality:
₦1 million in 2014 = $6,250
₦1 million in 2025 = ~$670 (at ₦1,500/$)
That’s nearly a 90% drop in real dollar value. No wonder it feels less impactful.
👥 Social Media Reacts:
“It’s not that we’re richer. It’s that the Naira is poorer.”
“I still don’t have ₦1 million. Please, speak for yourself 😂”
“Everything is inflated. That money can finish in one week!”
💬 Do you agree with Tochi? Has ₦1 million truly lost its value, or is it still a big deal depending on your reality?
Let’s hear your take! 👇
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