Despite the country's difficult economic situation, Nigerians are known for being very happy and fun-loving people. This can be seen in the way they throw parties. As per the 2020 World Joy Report (WHR), Nigeria positioned sixth and 95th most joyful in Africa and the world, separately. Money is always scattered about at any Nigerian event, in addition to the abundance of food and drink and the "matching clothes," worn by the various groups. No ideological group in Nigeria, particularly in the West and East, is finished without meetings where people splash the cash.
As people frequently use local currency when spraying and dancing at social events, the CBN has issued many warnings that the practice of spraying money at parties is illegal and is causing the plight of the local currency. As per segment 21(3) of the CBN Bill, "For the evasion of uncertainty, showering, moving or showing naira notes or any bank-give notes at social capabilities or different events will be viewed as misuse and comprises criticism. " Under subsection (1) of this section, violations of naira or these promissory notes are punishable. Whenever indicted, the individual dangers a half year's detainment or a NOK 50,000 fine.
In any case, this call is to a great extent disregarded as Nigerians have become familiar with tossing cash around during services and celebrations. It is fascinating to learn why Nigerians have made wasting money a way of life.
Symbol of prosperity:
During an event, presenting celebrants with cash demonstrates the financial situation of those attending. They are much of the time the least monetarily obliged people in the public eye. This was the case with the burial of Obi Cubana's mother. It attracted the wealthy people of the country and raised a lot of money, making it a big deal here and abroad. A person's financial situation is extremely important in Nigeria.
Honor and fame:
The wealthy are especially revered in Nigeria. Therefore, giving money to others is an opportunity to project that image. This is exceptionally normal in Igbo and Yoruba culture. Because of this characteristic of the culture, distinguished titles are bestowed upon people of exceptional wealth and strength in these cultures, particularly the Igbo culture. Therefore, giving money away at events becomes a strategy for increasing fame and respect.
Make your celebration fashionable and memorable.
What is a Nigerian party without burning through cash? This piece of the occasion gets a ton of consideration from superstars and visitors the same. A lot of people also think that an event is special if a lot of powerful people are there, and money is thrown at the people who are there. In the period of online entertainment, occasions like this pattern will be discussed long into the future.
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