Money — Nigerian Currencies, Coins and Notes | Primary 1 Mathematics 3rd Term Week 4

Subject: Mathematics (Numeracy) | Class: Primary 1 | Term: 3rd Term | Week: 4

Previous Lesson: Subtraction and Skip Counting — Week 3

Learning Objectives

  1. Recognise different denominations of Nigerian currencies.
  2. Recognise different denominations of Nigerian coins.
  3. Arrange coins in order of values.
  4. Express one coin in terms of another.
  5. Differentiate between coins and notes.

Lesson 1 — Nigerian Notes and Coins

Nigerian money is called the Naira (₦).

Nigerian Notes

₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500 and ₦1,000.

Nigerian Coins

50 kobo, ₦1 and ₦2 are the current Nigerian coins.

Uses of Money

  1. It is used for buying and selling.
  2. It is used for paying school fees.
  3. It is used for paying house rent.
  4. It is used for paying transport fares.

Lesson 2 — Relationship Between Coins

Sample: 50 kobo + 50 kobo = ₦1

Exercise

  1. ₦1 + ₦1 = ___
  2. 50 kobo + 50 kobo + ₦1 = ___
  3. 50 kobo + ₦1 + 50 kobo = ___
  4. 50 kobo + 50 kobo + 50 kobo + 50 kobo = ___
  5. ₦2 = ₦1 + ___ + ___
  6. ₦2 = 50 kobo + ___ + 50 kobo + ___

Lesson 3 — Relationship Between Naira Notes

Samples:

  • ₦5 + ₦5 = ₦10
  • ₦10 + ₦10 = ₦20
  • ₦50 + ₦50 = ₦100
  • ₦100 + ₦100 = ₦200
  • ₦500 + ₦500 = ₦1,000

Exercise

  1. ₦50 = ₦20 + ₦10 + ___
  2. ₦200 = ₦100 + ₦50 + ___
  3. ₦500 = ₦200 + ___ + ₦200
  4. ₦1,000 = ₦500 + ___
  5. ₦1,000 = ₦500 + ___ + ₦100 + ___ + ___

Homework

Arrange from the smallest amount to the largest:

  1. ₦1, ₦2 and 50 kobo
  2. ₦500, ₦100, ₦50, ₦10, ₦5, ₦1,000, ₦200 and ₦10

Lesson Evaluation

  1. Arrange coins in order of value.
  2. Name the different denominations of Nigerian coins and notes.

Next Lesson: Money — Addition and Subtraction of Nigerian Currency — Week 5

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