See our dear lovely country Nigeria.
In 1974 a saloon car is sold at #2, 290 (Two thousand, two hundred and ninety Naira.
We need to overhaul Nigeria

Courtesy ; Daily Times 1974.

Zombies will soon come with their zombie economic analysis

Is still same price just the year that changed

constant1960:
Is still same price just the year that changed

On point.

You don't expect a brand new car at that price, even in dollars.

The worth remains same, just a different year.

This thread of 'dear' should only apply to the vulture griller


Cos only them uses such word on this forum

See Yoruba economist dem up..

Guess the Nigerian situation of 2013 and 2020 is nothing but change in Year with same price

This humans are really empty...

By the time Tinubu becomes president .. and a bag of rice is sold for #50k ... Yoruba will tell you that is same price , only change in year.

stop dwellin in the past....it will do you no good....

Before you save 2000 that year,body go tell u.

How much is the value of that money today ??

How much your father's salary in 1978.

Let's assume 2,290 Naira is equivalent to Dollar at the time. If so, that means 2,290 Naira equals $2,290.

Using today's exchange rate of 594/$, that means 2290 * 594 = 1,360,260. Approximately 1.4 million Naira of today. With 1.3, you can buy a car today — even if it's tokunbo.

So, it's wise to make your money in Dollar and convert to Naira. With this, you won't feel the difference that much.

Unbridled corruption, greed and overpopulation is what turned Nigeria to what she is today. Add to that the complacency of its citizens, bad governance along with constant tribalism and religious intolerance. Nigeria will never go back to what it was in 1974.

iLegenddNoReply:
Let's assume 2,290 Naira is equivalent to Dollar at the time. If so, that means 2,290 Naira equals $2,290.

Using today's exchange rate of 594/$, that means 2290 * 594 = 1.360,260. Approximately 1.4 million Naira of today. With 1.3, you can buy a car today — even if it's tokunbo.

So, with this, it's wise to make your money in Dollar and convert to Naira. With this, you won't feel the difference.

rubbish

farem:
See our dear lovely country Nigeria.
In 1974 a saloon car is sold at #2, 290 (Two thousand, two hundred and ninety Naira.
We need to overhaul Nigeria

Courtesy ; Daily Times 1974.

N2000 that year na big money

Average salary back then used to be N200, so it LL take at least 10 months to save up to that

I think it’s the picture that’s for sale

[s]

LeoDeKing:

On point.

You don't expect a brand new car at that price, even in dollars.

The worth remains same, just a different year.

[/s]

Kzinne:
rubbish

hmmm now 2,290 naira is just like 10 naira.. Nigeria economy keep draining down.

See American car prices from the 70s below.

constant1960:
Is still same price just the year that changed

Same price but not same value. What matters is value not price. It's a fact that any body who didn't get up to a 50% income rise since last year actually became poorer.

iLegenddNoReply:
Let's assume 2,290 Naira is equivalent to Dollar at the time. If so, that means 2,290 Naira equals $2,290.

Using today's exchange rate of 594/$, that means 2290 * 594 = 1.360,260. Approximately 1.4 million Naira of today. With 1.3, you can buy a car today — even if it's tokunbo.

So, with this, it's wise to make your money in Dollar and convert to Naira. With this, you won't feel the difference.

So where exactly u wan see a tokunbo car of 1.3m

phemmyfour:
N2000 that year na big money

Average salary back then used to be N200, so it LL take at least 10 months to save up to that

And average salary now is what?

How many years will it take you to buy a decent tokunbo car

This one can't do without mention Yoruba people. And if you make a thorough investigation you will realize that this guy staying in Yorubaland.

Asgard73:
See Yoruba economist dem up..

Guess the Nigerian situation of 2013 and 2020 is nothing but change in Year with same price

This humans are really empty...

By the time Tinubu becomes president .. and a bag of rice is sold for #50k ... Yoruba will tell you that is same price , only change in year.

The average yearly salary of a mid level civil servant in the 70s was #2,500 and around #200 a month.

Nigeria is gone

We all know that the country is already messed up by this buhari's government But 1974 is different from 2022, beside the value of money then is different to that of today.....anyway is well sha

Before Buhari came to scatter everything in 1983 and 2015 to date

Check my profile for more details

Quality control tests assure
Quality and high ROI.

Add two 00 at the back of that amount and bring me 10 of it.

Good old days… Nigeria my country!!!

Naira see your life.