Nigerian singer and live-band performer, Segun Johnson, has sparked discussion after sharing his view on what it means to be considered a millionaire in today’s economy.
Johnson, known for his energetic performances at social events and weddings, made the comment while speaking during a recent conversation about wealth and changing financial standards.
According to the singer, the meaning of being a millionaire has changed significantly compared with previous years. He recalled a time when having about ₦30 million could be regarded as a substantial fortune, but argued that the same standard no longer applies today.
“Back then in those days, if you have 30 million, you are actually a millionaire. In this present age, if you don’t have $1 million, you are broke, you are not a millionaire. That’s the truth,” he said.
Johnson further maintained that having ₦100 million in Nigeria today does not automatically make someone a millionaire when wealth is measured against international currency standards.
“The fact that you have 100 million doesn’t make you a millionaire,” he added.
The entertainer, however, appeared to make the point in a humorous way, suggesting that someone with ₦1 million could still be regarded as wealthy within certain communities.
“But you might be a millionaire among people in Ojota, or probably people in Oworonshoki,” he said.
Johnson has built a career around live music and audience engagement, having started his musical journey as a church drummer before progressing into singing and professional live-band performances. He has also performed at major events in Nigeria and internationally.
His latest comments have generated conversations online about the changing value of money, the impact of inflation and the difference between having a large amount of naira and meeting the commonly understood dollar-based definition of a millionaire.
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