{"id":6242,"date":"2025-06-24T22:15:28","date_gmt":"2025-06-24T22:15:28","guid":{"rendered":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/"},"modified":"2025-06-25T04:16:54","modified_gmt":"2025-06-25T04:16:54","slug":"history-and-politics-of-currency-changes-in-nigeria-up-to-2008","status":"publish","type":"post","link":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/","title":{"rendered":"HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008"},"content":{"rendered":"

This article was originally published as: HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008<\/strong><\/p>\n

Original Article Link: Read Original Article<\/a><\/p>\n

Download PDF: Click Here to Download PDF<\/a><\/p>\n

Abstract<\/h2>\n

Whether from the pound sterling to the naira or from lower to higher denominations or even from one colour to another, Nigerian currency has gone through changes at different times in its history. Obviously, a product of the prevailing political situations and socio-economic realities, its social implications on Nigerians are tremendous. This paper examines the history and the politics of currency changes in Nigeria up to 2008. The paper explores different policies and programs formulated at different times to stabilize the naira, and accounts for how the prevailing national and global economic conditions strengthened or weakened the currency. The paper argues that beyond serving as a means of exchange, the naira symbolizes the Nigerian national identity, pride and unity, as well marks the state sovereignty.<\/p>\n

Authors<\/h2>\n
    \n
  • SHINA ALIMI (OBAFEMI AWOLOWO UNIVERSITY, ILE-IFE)<\/li>\n
  • ABIMBOLA ADESOJI (OBAFEMI AWOLOWO UNIVERSITY, ILE-IFE)<\/li>\n<\/ul>\n

    Keywords<\/h2>\n

    Keywords not available.<\/p>\n

    References<\/h2>\n

    References not available for this article.<\/p>\n","protected":false},"excerpt":{"rendered":"

    This article was originally published as: HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008 Original Article Link:…<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[124],"tags":[],"class_list":["post-6242","post","type-post","status-publish","format-standard","hentry","category-articles","wpcat-124-id"],"yoast_head":"\nHISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008 - IJSSASS Repository<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008 - IJSSASS Repository\" \/>\n<meta property=\"og:description\" content=\"This article was originally published as: HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008 Original Article Link:...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/\" \/>\n<meta property=\"og:site_name\" content=\"IJSSASS Repository\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ijssass\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-24T22:15:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-25T04:16:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"195\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/ijssass.com\/journal\/#\/schema\/person\/adf9bae5731958270e2140cfc1af3771\"},\"headline\":\"HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008\",\"datePublished\":\"2025-06-24T22:15:28+00:00\",\"dateModified\":\"2025-06-25T04:16:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/\"},\"wordCount\":188,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ijssass.com\/journal\/#organization\"},\"articleSection\":[\"Articles\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/\",\"url\":\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/\",\"name\":\"HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008 - IJSSASS Repository\",\"isPartOf\":{\"@id\":\"https:\/\/ijssass.com\/journal\/#website\"},\"datePublished\":\"2025-06-24T22:15:28+00:00\",\"dateModified\":\"2025-06-25T04:16:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ijssass.com\/journal\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ijssass.com\/journal\/#website\",\"url\":\"https:\/\/ijssass.com\/journal\/\",\"name\":\"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES\",\"description\":\"Open Access Library\",\"publisher\":{\"@id\":\"https:\/\/ijssass.com\/journal\/#organization\"},\"alternateName\":\"IJSSASS\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ijssass.com\/journal\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ijssass.com\/journal\/#organization\",\"name\":\"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES\",\"alternateName\":\"IJSSASS\",\"url\":\"https:\/\/ijssass.com\/journal\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ijssass.com\/journal\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-3.png\",\"contentUrl\":\"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-3.png\",\"width\":300,\"height\":195,\"caption\":\"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES\"},\"image\":{\"@id\":\"https:\/\/ijssass.com\/journal\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ijssass\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ijssass.com\/journal\/#\/schema\/person\/adf9bae5731958270e2140cfc1af3771\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ijssass.com\/journal\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e2404e10f252fd74bce698fdfc0296b3cfb701b99d14951364bf9586aaa0c4a8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e2404e10f252fd74bce698fdfc0296b3cfb701b99d14951364bf9586aaa0c4a8?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/ijssass.com\/journal\"],\"url\":\"https:\/\/ijssass.com\/journal\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008 - IJSSASS Repository","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/","og_locale":"en_US","og_type":"article","og_title":"HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008 - IJSSASS Repository","og_description":"This article was originally published as: HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008 Original Article Link:...","og_url":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/","og_site_name":"IJSSASS Repository","article_publisher":"https:\/\/www.facebook.com\/ijssass","article_published_time":"2025-06-24T22:15:28+00:00","article_modified_time":"2025-06-25T04:16:54+00:00","og_image":[{"width":300,"height":195,"url":"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-2.png","type":"image\/png"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/#article","isPartOf":{"@id":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/"},"author":{"name":"admin","@id":"https:\/\/ijssass.com\/journal\/#\/schema\/person\/adf9bae5731958270e2140cfc1af3771"},"headline":"HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008","datePublished":"2025-06-24T22:15:28+00:00","dateModified":"2025-06-25T04:16:54+00:00","mainEntityOfPage":{"@id":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/"},"wordCount":188,"commentCount":0,"publisher":{"@id":"https:\/\/ijssass.com\/journal\/#organization"},"articleSection":["Articles"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/","url":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/","name":"HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008 - IJSSASS Repository","isPartOf":{"@id":"https:\/\/ijssass.com\/journal\/#website"},"datePublished":"2025-06-24T22:15:28+00:00","dateModified":"2025-06-25T04:16:54+00:00","breadcrumb":{"@id":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ijssass.com\/journal\/history-and-politics-of-currency-changes-in-nigeria-up-to-2008\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ijssass.com\/journal\/"},{"@type":"ListItem","position":2,"name":"HISTORY AND POLITICS OF CURRENCY CHANGES IN NIGERIA UP TO 2008"}]},{"@type":"WebSite","@id":"https:\/\/ijssass.com\/journal\/#website","url":"https:\/\/ijssass.com\/journal\/","name":"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES","description":"Open Access Library","publisher":{"@id":"https:\/\/ijssass.com\/journal\/#organization"},"alternateName":"IJSSASS","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ijssass.com\/journal\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ijssass.com\/journal\/#organization","name":"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES","alternateName":"IJSSASS","url":"https:\/\/ijssass.com\/journal\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ijssass.com\/journal\/#\/schema\/logo\/image\/","url":"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-3.png","contentUrl":"https:\/\/ijssass.com\/journal\/wp-content\/uploads\/2023\/07\/c-users-user-desktop-logo-pnglogo-3.png","width":300,"height":195,"caption":"INTERNATIONAL JOURNAL OF SOCIAL SCIENCES AND SCIENTIFIC STUDIES"},"image":{"@id":"https:\/\/ijssass.com\/journal\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ijssass"]},{"@type":"Person","@id":"https:\/\/ijssass.com\/journal\/#\/schema\/person\/adf9bae5731958270e2140cfc1af3771","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ijssass.com\/journal\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e2404e10f252fd74bce698fdfc0296b3cfb701b99d14951364bf9586aaa0c4a8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e2404e10f252fd74bce698fdfc0296b3cfb701b99d14951364bf9586aaa0c4a8?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/ijssass.com\/journal"],"url":"https:\/\/ijssass.com\/journal\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/posts\/6242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/comments?post=6242"}],"version-history":[{"count":1,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/posts\/6242\/revisions"}],"predecessor-version":[{"id":6899,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/posts\/6242\/revisions\/6899"}],"wp:attachment":[{"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/media?parent=6242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/categories?post=6242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ijssass.com\/journal\/wp-json\/wp\/v2\/tags?post=6242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}