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Nairaland Forum / Nairaland / General / Business / See What ₦100 Could Buy In The 1980s (54224 Views)
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Re: See What ₦100 Could Buy In The 1980s by Greenscientist: 4:22pm On Jun 29, 2022 |
My father do say " I collected #200 during NYSC, i hardly spend #100" |
Re: See What ₦100 Could Buy In The 1980s by etrange: 4:23pm On Jun 29, 2022 |
What is "Mama" that cost N20? |
Re: See What ₦100 Could Buy In The 1980s by Greenscientist: 4:24pm On Jun 29, 2022 |
Brexxit: Corper's we're collecting #200 then. |
Re: See What ₦100 Could Buy In The 1980s by Greenscientist: 4:25pm On Jun 29, 2022 |
Jack500: It is a lie, bro. I intentionally asked my father about it. |
Re: See What ₦100 Could Buy In The 1980s by John389(m): 4:26pm On Jun 29, 2022 |
Key soap 1naira 20kobo. Now key soap is 200naira. We sold out We are living in the worst country |
Re: See What ₦100 Could Buy In The 1980s by lollybee15(m): 4:26pm On Jun 29, 2022 |
According to the presenter of this items list, this was in 1984, these prices had even gone up compared to 1979 when Shehu Shagari took over from Obasanjo. The economy was getting bad by the misruling of Shagari, being the reason why Buhari/Idiagbon overthrew him. And things never got better which made Babangida overthrew Buhari in 1985 when Idiagbon went for Hajj in Saudi Arabia. May God deliver us in this country. 2 Likes |
Re: See What ₦100 Could Buy In The 1980s by elsiusgr8t(m): 4:28pm On Jun 29, 2022 |
Jestin: They are not mumu..... They need to be enlightened....most of them don't know their rights as a citizen...so they believe worshipping one grandpa is their surest route to 3 square meal.. I am OBIdiently OBIdient |
Re: See What ₦100 Could Buy In The 1980s by tommy589(m): 4:29pm On Jun 29, 2022 |
aribisala0: I can not remember the price of sunflower vegetable oil on queue purchase. An incident while queuing won't make me forget bag of rice at 52 naira. But this posted '84 list is sham |
Re: See What ₦100 Could Buy In The 1980s by Opolopoopolonio: 4:30pm On Jun 29, 2022 |
DGOODLYF: God bless you for this question |
Re: See What ₦100 Could Buy In The 1980s by Burgerlomo: 4:36pm On Jun 29, 2022 |
Abeg indommie generations make una rush come see sontin ooo
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Re: See What ₦100 Could Buy In The 1980s by Alwaysachick: 4:36pm On Jun 29, 2022 |
[quote author=Brexxit post=114257603]But minimum wage is much higher than then. Minimum wage in the 80's is not even up to #200 naira,as at today minimum wage is 30k.[/quote Olodo |
Re: See What ₦100 Could Buy In The 1980s by Alwaysachick: 4:38pm On Jun 29, 2022 |
etrange: Money to mama. I saw a letter in my grandma 's box where my dad sent her 40 naira 1 Like |
Re: See What ₦100 Could Buy In The 1980s by grandstar(m): 4:40pm On Jun 29, 2022 |
Brexxit: Minimum wage was ₦125 in the 1980s. I think it was set during in 1980 or 1981. It was in 1991 it was increased to ₦250. I remember buying a bar Mars chocolate either in 1981/82 for 50kobo I remembered buying a Kongo of garri for ₦2 80in 1988 and it was considered expensive! A bottle of coke was 50k then. I remember my mum giving ₦20 to hand over to my Aunty so that I can purchase a bottle of maltina daily because I was always coming home from the boarding house very skinny. Maltina then was ₦1.00. |
Re: See What ₦100 Could Buy In The 1980s by CheapHomes1: 4:41pm On Jun 29, 2022 |
Jack500: That's not true. It's not only big people that 100naira those days. Even if you say that 100naira is 100k today (which I sincerely doubt), you didn't factor in inflation. Prices of goods were much more stable that it is now hence people were able to save, plan their budget and spending and acquire certain things with some ease. Today, price of goods can change thrice in a week which makes your savings useless |
Re: See What ₦100 Could Buy In The 1980s by Bennycollins: 4:42pm On Jun 29, 2022 |
UrPapa:Yes it is not possible because of galloping inflation due to excessive corruption and poor MGT of the economy. |
Re: See What ₦100 Could Buy In The 1980s by 8stargeneral: 4:50pm On Jun 29, 2022 |
So,then u can buy a car with #100 |
Re: See What ₦100 Could Buy In The 1980s by 8stargeneral: 4:50pm On Jun 29, 2022 |
So,then u can buy a car with #1000...chai our leaders HV finished us |
Re: See What ₦100 Could Buy In The 1980s by Lexkenny99(m): 4:55pm On Jun 29, 2022 |
See shawty's and gentlemen, you have every reason to get ur PVC And become OBIdient. Even if that Tinubu and atiku sit down and hear themselves they will vote sir peter obi. You have nothing to lose if you become OBIDIENTIFIED. We can do it guys. 1 Like |
Re: See What ₦100 Could Buy In The 1980s by kunlebonik(m): 4:55pm On Jun 29, 2022 |
Haàaaaaaaaaaaaaa!!! |
Re: See What ₦100 Could Buy In The 1980s by Birminghamvirgo(m): 5:01pm On Jun 29, 2022 |
Ahmed0336: No, we are completely finished... Oh! Sorry, We are finished completely! |
Re: See What ₦100 Could Buy In The 1980s by Born2Breed(f): 5:15pm On Jun 29, 2022 |
Re: See What ₦100 Could Buy In The 1980s by bikefab(m): 5:21pm On Jun 29, 2022 |
100 naira in those days is equal to 10k of this present time. |
Re: See What ₦100 Could Buy In The 1980s by wizzywise(m): 5:27pm On Jun 29, 2022 |
Brexxit:Even Your 30k minimum wage as of today, can barely afford that |
Re: See What ₦100 Could Buy In The 1980s by missuzoma: 5:39pm On Jun 29, 2022 |
NYSC allawee was N250 in 1988. |
Re: See What ₦100 Could Buy In The 1980s by Toktee(m): 5:41pm On Jun 29, 2022 |
Ahmed0336:Structural adjustment program presented to Nigeria by IMF and accepted by the then General Babangida laid foundations for the devaluation of Naira. That's why we are here now. |
Re: See What ₦100 Could Buy In The 1980s by nextstep(m): 5:41pm On Jun 29, 2022 |
Why do people like posting this without also posting average salaries from 1980's? I know you're trying to make a point, but please do it with some perspective. If I showed you pictures of what you could buy with cowries and salt in 1780's you would be amazed. Fun fact: sal, the Latin word for salt, was often used as payment to Roman legionnaires - their salarium, is what we now call salary. 1 Like |
Re: See What ₦100 Could Buy In The 1980s by enemachris(m): 5:44pm On Jun 29, 2022 |
I feel so disappointed. Our leaders failed this great nation. |
Re: See What ₦100 Could Buy In The 1980s by wazobia68: 5:54pm On Jun 29, 2022 |
This was before PDP destroyed the economy. |
Re: See What ₦100 Could Buy In The 1980s by nuroegbu(m): 5:56pm On Jun 29, 2022 |
With 30k minimum wage, can u get even half of what's on that list with 30k Brexxit: |
Re: See What ₦100 Could Buy In The 1980s by Jeezuzpick(m): 5:57pm On Jun 29, 2022 |
Brexxit: In 1985 ₦1 was more than $1. Now, let's say both currencies were equal. How much is a minimum wage of $200 now? Did I hear you say ₦120,000? Yeah. Without adjusting for inflation. |
Re: See What ₦100 Could Buy In The 1980s by MMempire(m): 5:58pm On Jun 29, 2022 |
UrPapa:Not really, but the inflation is unbearable.
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Re: See What ₦100 Could Buy In The 1980s by Jeezuzpick(m): 5:59pm On Jun 29, 2022 |
wazobia68: Destruction of the economy started with Babangida, back in the same era. |
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