InHim4Him:
Yea! I got $9 for #1 for BTA in my first travel outside Nigeria in 1979. My first car in 1981 was #2500. We used to buy chicken between 6 and 12 kobo. Shagari and Umar Dikko started doing us in when they started importing everything including baby food. And Buhari Idiagbon completed the task and all our industries including Mandilas (Volkswagen), Kaduna Textilles and PAN folded up. And since then, we have been on a downward spiral.

I can bet back then, many people couldnt afford N2500 you bought the car for. Salaries were probably in kobos then, Right?

ubsilas:
OP do something about your fingernail. it looks terrible

Nigerians and olofofo!!!

prevail23:
ur ryt bro.. But do u think it can be like dis again?

Hell nay!!!

prevail23:
ur ryt bro.. But do u think it can be like dis again?

Hell nay!!!

SmartMugu:

No, I want that techno wey u advertize. N87, last.

u funny I swear, screen guard sef u no go see

Tonyreal49:
buhari be like

Erosion of Naira value...

Blame Muhammadu Buhari for Nigeria's woes of today.


In December 1983, barely-educated Buhari with his gang of soldiers stacked a democratic atmosphere in Nigeria.
Other military dictatorship followed Buharis.
Then followed the about 35 locusts years of military dictatorship with little or no real development infrastructure established.


To legitimize his dictatorship before Western Governments, one of the Buhari dictator successors, IBB, accepted IMF conditions which started to erode the value of the Naira.

Nigeria's education standard hugely declined, resulting to the ill-informed electorate who had to elect a Muhammadu Buhari in 2015 to come back to preside over them.

It's a viscous circle.

pippimp:


Let me tell you what fayose was thinking and saying back then. He was saying, "Buhari, Babangida, Abacha, Obasanjo, have destroyed this country. We need the youths to be given the opportunity to lead and change this country for the better. If i am given the opportunity, i will perform magic and make this country great". He was a teen at that time. What is the reality today? Nigerians don't fully understand that it's leaders come from it's citizenry and if the mentality of the citizenry is phucked up, the leaders they produce will be phucked up.

I agree with you that fayose first term was not good like other pdp governors that time.

But importantly olusegun obasanjo failed to lead the country to success.
If the sixteen billion dollars he spent on the electricity was able to generate like twelve thousand MW, by now nigeria would have been a better country.

If election was free and fair that time yaradua and jonathan would not have been the presidents.
So the sixteen failed years of pdp is on the head of obasanjo.

You know nigeria became a failed state because there was no gradual progress at all.
If those led the country were able to add their own value to the country by now we suppose to have more than 20kWM.

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haibe:
I wish i didnt open this thread.. anyway its not just about govt fault and all ... inflation is bound to happen so we would expect that earnings were far lower than it is now. just that the economy is now tending towards hyper inflation without a corresponding increase in minimum wage

We need to face it, we the masses should also be blamed for our dead exchange rate. Tired of blaming govt jare

Ur point is very valid. Nigerian are dollar sick....

jmoore:

Why is Dangote increasing the price of cement? Is he importing it too? This is beyond 'Patronizing made in Nigeria'.

His cost of production goes up as the price of virtually all goods and services have gone up in the country. Its a reaction to the current condition of the Nigerian economy You dont have to be importing goods for that to happen.

days we'd be given coins to school and we'll still bring back change again.


we Nigerians kinda love inflation.

One stuff gets increased in market and we too after a few weeks of grumbling, start buying at new price even when ridiculous.

Wetin man go do sha?

juman:


I agree with you that fayose first term was not good like other pdp governors that time.

But importantly olusegun obasanjo failed to lead the country to success.
If the sixteen billion dollars he spent on the electricity was able to generate like twelve thousand MW, by now nigeria would have been a better country.

If election was free and fair that time yaradua and jonathan would not have been the presidents.
So the sixteen failed years of pdp is on the head of obasanjo.

You know nigeria became a failed state because there was no gradual progress at all.
If those led the country were able to add their own value to the country by now we suppose to have more than 20kWM.

You don't seem to want to get the point. What you are saying is that fayose is the standard by comparing his first and second term. I want you to understand that the military is not responsible for Nigerians burning people in the streets, or collecting bribe to vote.

jmoore:

Why is Dangote increasing the price of cement? Is he importing it too? This is beyond 'Patronizing made in Nigeria'.

this is the most selfish question and stupid one I have read here for a long while. The diesel he uses to run his firm, run his fleet of trucks and maintain them do they come cheap. He increased the price to meet the reality of the situation we found ourselves in. So you want him to lower price as a patriotic citizen because he runs a charity organisation. This is a man that lost a good percentage of his worth in less than ten months. Be considerate and sincerely with this mindset I don't see you running a successful enterprise

pippimp:


You don't seem to want to get the point. What you are saying is that fayose is the standard by comparing his first and second term. I want you to understand that the military is not responsible for Nigerians burning people in the streets, or collecting bribe to vote.

One thing is clear, this apc government failure is not caused by the people.

APC should stand up to their challenges and give sensible governance.

my people perish because, they lack vision,back in the days, HOS Gowon once said the problem with Nigeria was not the money but how to spend it.Then Nigeria's population was less than 70m,he went on to introduce "odogi" and corruption crept in,since then Nigeria have been swimming in the gutter of corruption to the point of no redemption.we used to buy better quality peak milk for 15 kobo, minerals (coke, fanta, crest ) no pepsi then for 10 kobo. If you have vision less leaders and "mumu" followers all them will perish in the trench. Over the last 6-7 years alone over $150 Billion was looted or unaccounted for accrued oil money. Folks, where is the hope?

jmichlins:
this is the most selfish question and stupid one I have read here for a long while. The diesel he uses to run his firm, run his fleet of trucks and maintain them do they come cheap. He increased the price to meet the reality of the situation we found ourselves in. So you want him to lower price as a patriotic citizen because he runs a charity organisation. This is a man that lost a good percentage of his worth in less than ten months. Be considerate and sincerely with this mindset I don't see you running a successful enterprise

You failed to comprehend. My question was meant to buttress the point that going for Made in Nigeria goods only is not the solution.

Next time, calm down, read and digest before you quote me.

SmartMugu:

I can bet back then, many people couldnt afford N2500 you bought the car for. Salaries were probably in kobos then, Right?

ah ah, salary was like 40 naira /month for laborers

op, is that "1 dog" that i'm seeing??

ubsilas:
OP do something about your fingernail. it looks terrible

So you a guy? And you're concerned with a fellow guys nails?


Wtf

We destroyedestroyed all that we had as a country. We brought in selfish and mindless leaders who never meant well for Nigeria.
I do not weep for this generation but the upcoming generation who have no foundation to build on.
It is so so sad . We never had plans for the future.
Now, we are too scared to start afresh, that is if we know where to start from. I cannot blame the leaders without blaming us as a people.

We allowed this rot upon ourselves.

jmoore:

You failed to comprehend. My question was meant to buttress the point that going for Made in Nigeria goods only is not the solution.

Next time, calm down, read and digest before you quote me.

either way, patronising Made in Nigeria goes a long way to salvaging this situation

jmoore:

Why is Dangote increasing the price of cement? Is he importing it too? This is beyond 'Patronizing made in Nigeria'.

yes they're some raw materials dangote do import in the making of cement... Tho I don't knw the names ... But he imports them from Israel .... I know this coz I'm a dangote staff at dangote cement ibese Ogun state... And the truth is sales has bn very poor lately...
Dangote is currently a silent wailer

prevail23:
d cover don tear

Haahhahahahahhahahahahahhhahahahhhhhhha

SmartMugu:

I can bet back then, many people couldnt afford N2500 you bought the car for. Salaries were probably in kobos then, Right?

My salary was #150 a month.

pippimp:


The military did not destroy Nigeria. It's citizens did. And they are still doing it till today.

He fails to realize that the generals are all products of the citizenery. They were raised with a certain mindset that no amount of military training can dispel. The citizenery produced the generals the political leaders and any other person that they blame for their woes

jmoore:


I only used Dangote as a case study. What of producers of Indomie etc?

Almost every local manufacturing company is increasing the price of their goods.

yuu should understand that very few companies has 100% raw materials from their region or country... Toyota is a Japanese company the engine is bn made in Japan... But they do buy other materials like plug,windshield etc from other companies all over the world... Its the same case in Nigeria....... hope this is comprehendable

InHim4Him:


My salary was #150 a month.

Wow. Lol. That's not even enough for a kids per day pocket money today.

prevail23:
ur ryt bro.. But do u think it can be like dis again?

For wher, it can neva

Then where did we miss it.... Nigeria and and it citizen s were much resected... everything has turned up down

saintdennis:


So you a guy? And you're concerned with a fellow guys nails?


Wtf

lol..
Abeg ask am oh..

This how ur grandchildren will show list of budgets of today to people of their generation in next 30 yrs and they will be like, what?? Naira has really died. Cos things are still better now!

mickyeddi:
The days when petrol was #5/litre, solo cocacola was#10, 35cl was #15, orobo was #20.

Oga you miss road, this was in 70's and not the new school prices of the 90's which you are referring to

pippimp:



I'm sorry to say this but most Nigerians are duller than a blunt knife. My kid is way smarter than 50% of the adults on this thread. It is like most of you never went to school, or did but did not assimilate anything. This is simple economics na. Do you know the price of gas/petrol in the U.S in 1970? $0.800. Do you know how much it is today? $2.743 in most places. Comparing prices in 1970 to today's market is like comparing apples to oranges. What matters is how the country adjust's for inflation. What you are complaining about today, Nigerians were complaining of in those days. Do you think it was easy to have 250 Naira in you account back then? I wonder how you people think.

You must be out of your rockers to have quoted me as I don't understand anywhere in my comment you read that I didn't understand the economics of 1978! Btw, I am a graduate of economics so don't school me about monetary economics or inflation.
I can't imagine y people can't communicate their point across without insults. Rubbish!