Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,158 members, 7,953,598 topics. Date: Thursday, 19 September 2024 at 08:13 PM |
Nairaland Forum / Nairaland / General / Travel / Nigeria Passport In 1982 When $1164.84 Was N800 (76994 Views)
Woman Husband’s Passport In Viral Video Arrested, Moved To Abuja / What's The Cost Of Obtaining An International Passport In Nigeria? / International Passport In Port Harcourt (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Angelfrost(m): 3:20pm On Jun 05, 2020 |
NaijadrivaCars: Leave him to keep believing that lie... If we were less populated, our leaders would merely have more to steal. 1 Like |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Gbabe2: 3:23pm On Jun 05, 2020 |
ajl: Population should be a strength in any situation if you have good management skills but unfortunately, our crop of leaders are myopic, and complacent. To think that we can’t be proud of 5000 megawatts is incomprehensible. The problem is inherent with we black people. Do you know how nice South Africa was in the 90’s? Even though they had their peculiar problems ( (apartheid), yet, it a was a pride of Africa. Now, you need to see how wretched the country is. Our so called leaders is the brain behind our underdevelopment. 3 Likes |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by filey: 3:23pm On Jun 05, 2020 |
Once a great nation were did our leader get it wrong, l weep for my country Nigeria. |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Membis333: 3:25pm On Jun 05, 2020 |
Results of coward leadership and over population 1 Like |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Kazymavee: 3:29pm On Jun 05, 2020 |
NaijadrivaCars: Let's be guided. This same issue happens all over the world. Back in 1982, the amount of dollars used in purchasing a car back then in the US has increased drastically now in 2020. Money is meant to appreciate with time. It doesn't have anything to do with the economy entirely. U can't keep buying a particular thing for the same amount for the rest of your life. 1 Like |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Sweeetheart(m): 3:29pm On Jun 05, 2020 |
Xisnin: we are talking about physical capital. you're talking about population how does population hinder physical development |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Nobody: 3:31pm On Jun 05, 2020 |
michlins:I don't agree completely with the first paragraph pertaining to the claims. The value of the exchange gives an indication of how your economy is doing in the international market which is pegged on the dollar' depending on the country, for example China currency is usually manipulated by China's central bank just to cushion the economic shocks by it's trading partners (countries China is trading with that use the dollars). Again China economy is very industrialized that doesn't depend on import i.e that does not requires the use of the dollar. These countries currencies are usually valued in their respective countries but certain goods and services the value of the dollars is seen. we do shy away from the realities of the dollars but we experience the effect of the exchange rate during import, export, tourism, studying abroad which could cripple an existing economy. For example I would use Ghana as a case study there was a time the exchange rate of cedis to dollars was very high because Ghana economy was dependent on the dollars for import 80%, prices of goods and services was doubled, this is a clear ripple effect on the economy because investors was lamenting if they could invest because of they cannot afford it when the citizens can't afford their products and services. Don't be deceived. 1 Like |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Investnow2017: 3:32pm On Jun 05, 2020 |
SIRTee15: Only the govt or billionaires can buy brand new cars these days. Meanwhile buying cars then mean buying brand new car. Belgium or tokunbo is just yesterday's terminology. Each time I look at my kids, I just shake my head. I remember walking by a showroom in 1978, a beetle car, brand new, was N15k. The worst is living in a country and you have no idea how to go. My neighbours son who graduated with a 1st class honours at 23 is parading everywhere now looking for where to apply for job. What next?? . 1 Like 1 Share |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Gbabe2: 3:38pm On Jun 05, 2020 |
Smartypant: There is something you guys are missing. You don’t have to be a graduate to have a job and a decent source of livelihood. There are diverse skill sets that can be utilized in a good environment. If we have adequate production plants, do you know how many skilled and unskilled folks would be employed? It revolves around and multiply. Should we cough out money to buy things in cash if we have a functioning society? No. Most times, in these developed countries, they live from hand to mouth and can afford anything you can think of. They buy houses and pay over 30 years; they buy cars and pay over a duration ( e.g. 69 months). Do you believe that we have foreigners that can do menial jobs abroad even with their MSc joyfully? It’s a leadership problem. 2 Likes |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by deavicky(m): 3:42pm On Jun 05, 2020 |
bigtt76:how many can afford 400k now. At least a graduate working then could afford it. But right now many working class people cannot still afford 400k. One of the major reason our money value keep depreciating is because we depend wholly on inportation of goods. |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Investnow2017: 3:43pm On Jun 05, 2020 |
Kazymavee: What you said is a truism. I don't think that is the issue at stake. The point is that the difference between N800 and N462,000 in less than 40years is gargantuan. It is unimaginable. This makes us more millionaires who can barely eke out a living . 1 Like |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by hahn(m): 3:49pm On Jun 05, 2020 |
michlins: GBAM! |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by tommy589(m): 3:50pm On Jun 05, 2020 |
Queenlovely: I wish you good luck |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by UnimkeAk(m): 3:54pm On Jun 05, 2020 |
7thLemonLOVER: How many Nigerians could afford 800 naira then |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Nobody: 3:54pm On Jun 05, 2020 |
SoNature:Managing an economy is different from what the lecturers teach in the classroom, managing an economy is just what happens in the market to a trader or business man. That's the pros and cons. |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Gbabe2: 3:58pm On Jun 05, 2020 |
aspiring44: I have reservations on the pros and cons of SAP. It was foisted on us by our lenders as one of the conditions to access the loan then. Anytime, you will always be at the mercy of your lender. Should we have taken advantage of the program? Yes, but unfortunately, we had frauds and crooks as leaders. Let’s take Bayelsa State as an example. Less population with decent appropriation from the Federal Government. Do they have anything to show for it in the last 20 years? I doubt that. My home state Osun. That nincompoop called Aregbesola left over 150 billion as debts with less than 1billion monthly IGR. He even squandered tax payers fund on an airport that was never completed in 8 years. What was he rewarded with after 8 years? A ministerial appointment. These guys are meant to judiciously appropriate our common wealth and not squander it. I pray we should have a different administration in 2023, then you would see the rot, waste, abuse and monumental fraud this APC Government is. When the head is sick, the whole body would be sick. 1 Like |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Nobody: 4:00pm On Jun 05, 2020 |
wow in the early eighties my mum told me she paid 30naira as school fees in secondary sch then. |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by hollywater: 4:01pm On Jun 05, 2020 |
Somebody should tell Nigerians Embassy in to reopen so it citizen can come and processes their passport. |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by SIRTee15: 4:01pm On Jun 05, 2020 |
Investnow2017: My dad bought his new beetle car few months after working as a teacher..... Now u save n save for a tokunbo car.... Of course people were not earning a lot then.... But their take home could actually see them through until the end of the month.... Also, the stronger naira meant imported products were cheap..... The main reason why manufacturing flourished prior to SAP.....because imported raw materials weren't expensive..... But after SAP implementation.... The economy crumbled and standard of living took a dive, never to recover.... It wasn't helped by poor economic performance of successive govt, who had no clue on how to revamp a dying economy..... If salary was adjusted for rising inflation.....there won't be much problem... But that never happened n middle class collapsed.... For example in 1993, a pair of jeans was around 1000 naira, yet starting salary of a teacher was around 13 thousand per year..... U can imagine.... When Abacha announced the minimum of 7000 naira in 1997.... People thought it was impossible and unimaginable.... That was our messed up the standard of living was those days.... The truth is our leaders nevr |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Xisnin(m): 4:01pm On Jun 05, 2020 |
Sweeetheart:That question has simple answers. Physical capital can't be made out of thin air. More population means: More salaries to pay politicians and civil servants. More subsidy to pay for education, health, agriculture and many others Project money has to be shared across the board instead of concentrating on key projects. More pressure on infrastructure which means they won't last. Nigeria spends about 70% of the yearly budget on recurring expenditures. That is not an accident. A country with a quarter of Nigeria's population but with similar resources and the same level of corruption will be able to do more capital wise. Remember, we have 20 times the population of the UAE. |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Asour: 4:02pm On Jun 05, 2020 |
ajl: China is no promise land. They've been successful in bringing many out of poverty but even they had to slow population growth too (One child policy?). The bottom 200m+ Chinese people are very likely poorer than our bottom 200m people. I.e. There are more poor there than here. Probably seek a better example. We know that mismanagement/Leadership incompetence is an issue but even when that is solved we still have to soft pedal on the growth. Show me a developed Western nation (you admire) with a Population growth like ours. |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Newboss(m): 4:02pm On Jun 05, 2020 |
michlins: Total overhaul is not a thing. Be specific... what and what are you overhauling? My brother, this not being specific is how some people became president after screaming up and down with passion. Las las, things only got worse. This is the same issue I have with those revolution now guys |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by ibietela2(m): 4:03pm On Jun 05, 2020 |
justscorchone: You are not alone |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Nobody: 4:05pm On Jun 05, 2020 |
NaijadrivaCars:over population depletes resources. we were only hanging on back then, coz population as against the resources were less, mind you nigeria never harnessed it’s resources to its full potential. we are suffering the consequences now. |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by ibietela2(m): 4:06pm On Jun 05, 2020 |
Sweeetheart: The leaders of dubai have dubai abi nationalism in them over here na our pockets |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by bizzibodi(m): 4:06pm On Jun 05, 2020 |
NaijadrivaCars:Let be realistic population is not an advantage in nigeria context what economic advantage is d millions of illiterate almajiri children to Nigeria?what can they add to d GDP? 1 Like |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Sweeetheart(m): 4:07pm On Jun 05, 2020 |
[quote author=Xisnin post=90342660][/quote] So how many education and health did Nigeria pay money for since independence my analyst? Since 1960 till date, your country failed to stabilize power sector because of corruption and you're splitting nonsense Go and check how much was taken to foreign countries by Nigeria politicians since independence. I haven't even talk about the one they've in Nigeria and other Africa countries You need a global Knowledge to know you've a backward country. Nigeria is a failed state and any country that want to progress must not emulate this disaster called country 1 Like |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by ibietela2(m): 4:09pm On Jun 05, 2020 |
strangest: 1983 |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by AleagueEdu: 4:10pm On Jun 05, 2020 |
Wow! What a time in the life of my great country! |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by sammyesx: 4:13pm On Jun 05, 2020 |
There was a country
|
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Natilolo(m): 4:15pm On Jun 05, 2020 |
7thLemonLOVER: You said one answer but you gave two. I pick tribalism. It's worse than death. |
Re: Nigeria Passport In 1982 When $1164.84 Was N800 by Newboss(m): 4:17pm On Jun 05, 2020 |
InvertedHammer:He said nothing about prices not coming down.... just being able to afford it either way it goes. Going by this your comment, the IQ testing won't be good for you 1 Like |
(1) (2) (3) (4) (5) (6) (7) (8) (Reply)
Very Strange Nigerian Guy I Saw In Germany Who Japa Back To Naija / Finally Migrated To Australia At Age 48. This Is My Story So Far / Why There Is No Point Going To The Uk Again
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 74 |