Money – Basic 2 Mathematics Lesson Note (Third Term)

Learning Objectives

By the end of this week, pupils should be able to:

• Count and identify numbers from 450-470 and order numbers 1-470
• Skip count in 2s, 3s, 5s, and 10s
• Write numbers 450-470 in numerals and words
• Discuss money and its importance
• Recognize all types of Nigerian money (coins and bank notes)
• Convert naira to kobo and kobo to naira
• Change money up to ₦100 into smaller units
• Shop with money not greater than ₦100 in real-life situations
• Solve real-life problems involving money

Lesson Content

Day 1: Number Work Revision (450-470)

New Number Range:

• Count from 450-470: 450, 451, 452, 453… 470
• Order numbers from 1-470
• Write numbers in numerals and words
• Examples: 456 = four hundred and fifty-six

Skip Counting Review:

• 2s: 2, 4, 6, 8, 10, 12, 14, 16, 18, 20…
• 3s: 3, 6, 9, 12, 15, 18, 21, 24, 27, 30…
• 5s: 5, 10, 15, 20, 25, 30, 35, 40, 45, 50…
• 10s: 10, 20, 30, 40, 50, 60, 70, 80, 90, 100…

Day 2: Introduction to Money

What is Money? Money is what we use to buy things we need and want.

Importance of Money:

• Buy food, clothes, and school supplies
• Pay for services (transport, school fees)
• Save for future needs
• Help family and others

Types of Money:

• Coins: Hard, metal money
• Notes: Paper money

Day 3: Nigerian Money – Coins and Notes

Nigerian Coins:

• 50 kobo (₦0.50)
• ₦1 (1 naira)
• ₦2 (2 naira)

Nigerian Notes:

• ₦5 (five naira) – green
• ₦10 (ten naira) – brown/purple
• ₦20 (twenty naira) – brown
• ₦50 (fifty naira) – blue
• ₦100 (one hundred naira) – green
• ₦200, ₦500, ₦1000 (higher denominations)

Money Symbols:

• Naira = ₦
• Kobo = k

Day 4: Money Conversion and Change

Naira to Kobo Conversion:

• 1 naira = 100 kobo
• ₦1 = 100k
• ₦2 = 200k
• ₦5 = 500k
• ₦10 = 1000k

Kobo to Naira Conversion:

• 100k = ₦1
• 200k = ₦2
• 50k = ₦0.50

Making Change: When you pay more than the cost of an item, you get change. Example: Item costs ₦30, you pay ₦50 Change = ₦50 – ₦30 = ₦20

Day 5: Shopping Practice

Real Shopping Scenarios: Practice buying items with money up to ₦100

Examples:

• Pencil = ₦10, Book = ₦25, Total = ₦35
• Bread = ₦50, Milk = ₦30, Total = ₦80
• Sweet = ₦5, Biscuit = ₦15, Total = ₦20

Examples in Class

Number Examples:

• 461 = four hundred and sixty-one
• 455 = four hundred and fifty-five
• Order: 452, 467, 459, 463 → 452, 459, 463, 467

Money Examples:

Conversion Examples:

• ₦3 = 300k
• 250k = ₦2.50
• ₦7 = 700k

Shopping Examples: “Kemi bought a pencil for ₦15 and an eraser for ₦10. She paid with ₦50. How much change did she receive?”

• Total cost = ₦15 + ₦10 = ₦25
• Change = ₦50 – ₦25 = ₦25

Exercises

Exercise 1: Number Work

Write these numbers in words:

1. 456 = _______________
2. 463 = _______________
3. 470 = _______________

Write in numerals: 4. Four hundred and fifty-eight = ___ 5. Four hundred and sixty-five = ___

Exercise 2: Skip Counting

Complete these patterns:

1. 5s: 5, 10, 15, ___, 25, ___, 35
2. 3s: 3, 6, 9, ___, 15, ___, 21
3. 10s: 10, 20, ___, 40, ___, 60

Exercise 3: Money Recognition

Match the money to its value:

1. Green ₦5 note = ___
2. ₦1 coin = ___
3. Blue ₦50 note = ___
4. 50k coin = ___

Exercise 4: Money Conversion

Convert these:

1. ₦4 = ___k
2. ₦7 = ___k
3. 300k = ₦___
4. 150k = ₦___ and ___k

Exercise 5: Money Addition

Add these amounts:

1. ₦25 + ₦30 = ₦___
2. ₦15 + ₦20 = ₦___
3. ₦40 + ₦35 = ₦___

Exercise 6: Making Change

Calculate the change:

1. Item costs ₦25, paid ₦50. Change = ₦___
2. Item costs ₦35, paid ₦100. Change = ₦___
3. Item costs ₦60, paid ₦80. Change = ₦___

Exercise 7: Shopping Problems

1. A book costs ₦40 and a pen costs ₦15. How much for both? 
2. Tunde has ₦100. He buys a toy for ₦75. How much money does he have left? 
3. Three oranges cost ₦15 each. What is the total cost? 
4. Fatima bought bread for ₦45 and butter for ₦25. She paid with ₦100. How much change did she receive? 

Fun Activities

• Classroom Shop: Set up a shop with items priced under ₦100
• Money Sorting: Sort coins and notes by value
• Change Calculator: Practice giving correct change
• Shopping Role-Play: Act out buying and selling scenarios

Teaching Resources/Aids

• Nigerian coins and bank notes (real or replicas)
• Number cards (450-470)
• Items with price tags
• Play money for practice
• Cash register (improvised)

Homework

• Practice counting from 450-470 daily
• Help parents when shopping (observe money transactions)
• Practice converting simple naira to kobo
• Write numbers 460-470 in words

Assessment

• Can the child count to 470 accurately?
• Do they recognize Nigerian money?
• Can they convert between naira and kobo?
• Can they solve simple shopping problems?
• Do they understand the importance of money?

Real-Life Applications

• Shopping at local shops
• Saving pocket money
• Understanding family expenses
• Planning purchases within budget