Fidelity bank card banner Camano banner
Naira forces Nigerian pilgrims to cut down on spending

By News Express on 04/09/2016

Views: 1,709


Many Nigerian pilgrims currently in Saudi Arabia for this year’s pilgrimage say they have cut down on their spending following the fall in the value of the Naira.

A correspondent of the News Agency of Nigeria (NAN) reports that a number of the pilgrims interviewed in Medinah said they have restricted their spending to only the basics.

They said they now spend only on feeding and commuting within the city.

Some said they had prepared for this situation by bringing along items such as toothpaste, soap and cream, among others, to save cost.

They said while there was no significant increase in the prices of many items in the shops, they still found them very expensive in comparison to their cost in Naira.

“I have cut down on my expenses and I am avoiding the purchase of those gift items which I can find back home.

“This is because when I converted the prices to our Naira, I found out that it will be cheaper to buy such items back home,” a pilgrim from Katsina who preferred to stay anonymous said.

“I only buy items such as food, because feeding is essential,” another pilgrim, Ali Adamu, said.

NAN reports also that many of the pilgrims have been patronising local food vendors who are mostly Nigerians resident in Saudi Arabia.

These food vendors have become more popular because their charges are much less than those of the restaurants and other eateries run by the locals.

Similarly, NAN observed that other nationals, especially Africans, also patronise these Saudi Arabia-based Nigerian food vendors.

NAN reports that while banks and bureaux de change do not accept the Naira currency however, it can be changed at the ATMs.

A pilgrim who used the facility said the Naira changed for NN102 to one Saudi Riyal.

A Nigerian, who exchanges the Naira for the Riyal, told NAN that he changed one Riyal at N125.

The Nigerian, who declined to give his name but only said he is from Borno, said this was much better than the N66 one Riyal was exchanged for during 2015 hajj.

“We do not like what is happening to our currency. Even the Saudis are not happy,” he said.

He, however, added that the situation was not limited to the Nigerian currency as currencies of other countries such as Iran,

Sudan and Ghana are experiencing similar fall in value (NAN)

•Photo by Garba Ahmed shows some Nigerian pilgrims in Saudi Arabia for the 2016 Hajj.

Source News Express

Posted 04/09/2016 12:23:21 PM

 

 

CLASSIFIED ADS

 

You may also like...
Prosecutors recommend 2-year jail term for Neymar for...

Jailbreak: 36 prisoners escape in Akwa Ibom

Three US states face flooding of ‘historic magnitude’...

Insurgency: Police launches 1st phase of deployment of...

‘Trump effect’ at work as Wall Street shatters...

U.S. to deliver 12 war jets to Nigeria...

A shopper’s guide to Black Friday in Nigeria...

Military traps Boko Haram fighters inside Sambisa Forest...

Former UN Under-Secretary-General wins presidential nomination

ANAMBRA AND KOGI GOVERNORS step into COMMUNAL WAR,...

Magu assumes office as EFCC boss, vows to...

Obiano launches intercity taxi to link Onitsha, Nnewi,...

 

Latest News 2023: Miyetti Allah tips Umahi for president Evil houseboy kills boss, 89-year-old mother in Lagos US Green Card: EFCC slams 12-count charge on American for defrauding 3 Nigerians of $1.2m Gunman in police net after shooting 7 horse riders in Kano Ghanaian varsity sacks Nigerian professor over alleged “unethical” remarks South East states safest in Nigeria, Ohanaeze tells UK Senate President withdraws appointment of media aide Rumbling in Edo House of Assembly as history repeats itself I won’t forgive INEC for initial postponement of 2019 polls – Oshiomhole Confusion as 2 Speakers emerge in Bauchi House of Assembly Applicant docked for allegedly abducting 17-year-old girl for sex Imo youths threaten to shut down oil firm over neglect

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (495,313 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (425,896 views) Shameless Genevieve Nnaji exposes breasts in public (365,800 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (312,345 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (276,629 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (244,255 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (234,320 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (216,194 views) 10 cars more expensive than Jets (213,428 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (204,742 views) Lagos plane crash: Journalist releases victims’ names (184,810 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (184,068 views)

 

NNPC 2019 National Science Quiz Competition

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (94) Business & Economy (4,319) Business Verdict (74) Columnists (1,054) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (624) Features (763) Global Business Monitor (380) ICT Monitor (53) International (3,609) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (305) News (47,565) Opinion (1,263) Pidgin (17) Politics (11,047) Religion (1,026) Sports (2,046) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera