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If Oyetola received 458.8b naira between 2018 to 2022, And Adeleke recived 1.27trilion naira in space of 2022to 2026, who's money is actually more value?
Let's calculate base on currency values in those periods
Oyetola's money was significantly more valuable.
Despite ADÉLÉKÈ receiving nearly three times as much currency nominally (1.27 trillion Naira vs. 458.8 billion Naira), the massive devaluation of the Naira between 2022 and 2026 has eroded its purchasing power. In terms of US Dollar equivalent, a standard measure for global purchasing power. Oyetola's 's 458.8 billion Naira was worth approximately $1.27 billion, while ADÉLÉKÈ's ’s 1.27 trillion Naira is worth roughly $921 million.
Here's the Comparative Value Breakdown
To compare the real value, we convert both sums to USD using the average historical and current exchange rates for those specific periods.
Oyetola's (2018–2022)
Total Amount: 458.8 billion NGN.
Average Exchange Rate is is between 360-450 NGN/USD ranging from 2018 to 2022).
Estimated Value: $1.274 Billion.
M
While Adeleke's (2022–2026)
Total Amount: 1.27 trillion NGN (1,270 billion NGN).
Average Exchange Rate, between 1,378 to 1600 NGN/USD (accounting in 2024/2025 before a slight recovery in early 2026).
Estimated Value: $921.6 Million.
Now tell me again. WHO RECEIVED MORE FAC???
Ọṣùn APCs are just as foolish as their boss 😏
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