Hello Hivers, I trust you are doing well. I came across this contest on 
what is the value of $1000 USD for you?
What exactly is the value of $1000 to Nigerian currency?
First of, $1 is equivalent to #415. Thus, $1000USD is equivalent to #415,130 in Nigeria value and this is according to recent currency rate.
The value of a thousand dollars is actually huge in my country owing to the fact that there is drop in the value of naira as against the dollar. So, if I am to earn $1000 as a monthly salary, which I don't at present. It would settle a lot of bills from health insurance, car insurance, foodstuffs, transportation, feeding, miscellaneous and so many more, whether I am married or not.
Another case where $1000 is valued will be in the case of starting a starting up a business. I mean with 300k out of it, I can startup something profitable, that will cater for my expenses and even get gain from its profit.
Another reason why the $1000 will be sufficient for me is the fact that I tend to buy stuffs long term, in bulk especially foodstuffs. So when I spend a reasonable amount of money on foodstuffs, it could taken another 3 to 4 months before I restock. Then in that space, I get to settle other viable things that needs attention.
Owing to the current economic situation of things in my country, the value of $1000 is valuable especially for a monthly salary.
With these I can max out a monthly budget to cover:
- gas
- rent
- transport
- feeding
- tax
- cooperative contributions
And many more.
But now to the sad part
It is so unfortunate that while we anticipate to earn such money in a month, some people cannot even boast of earning such amount in a year. Entry level worker in government agencies gets paid the average minimum wage of $72,which is #30000. In a year that means they get #360, 000($867). Thus over 60% of Nigerian worker get underpaid for the great value of work they do.
I just want to appreciate the organizers of these contest 