An old receipt shared online shows it cost N500 to rent hall for weddings at Eko Club in 1982, IgbereTV reports.

See photo below.

https://igberetvnews.com/1400926/costs-n500-rent-hall-eko-club-1982-throwback-photo/

Lalasticlala
Mynd44

Nothing has changed. What it costs in dollars then is the same now.

That #500 then too no dey easy to just spend for hall o

How many people fit afford 500 Naira that year?

Op,500 naira dat year.go buy a trailer load of cement....a bag was 3naira dat year.

reading...

Just got confirmation that Igbere is run by a semi-illiterate.
Average salary for a government worker then was about ₦100/per month.
Average salary today is about ₦80k per month.
It costs about ₦500k-₦1million today to rent same equivalent status venue for a day.
Thus,takes same 5-8months salary for both time periods to rent same venue for the average government worker.
So still same thing,just different time periods and currency values.

Mmm

seborrhic:
Just got confirmation that Igbere is run by a semi-illiterate.
Average salary for a government worker then was about ₦100/per month.
Average salary today is about ₦80k per month.
It costs about ₦500k-₦1million today to rent same equivalent status venue for a day.
Thus,takes same 5-8months salary for both time periods to rent same venue for the average government worker.
So still same thing,just different time periods and currency values.

My dad was an assistant manager in a private company then. His salary was 120 naira per month.

How the mighty hhv fallen

effort1:


My dad was an assistant manager in a private company then. His salary was 120 naira per month.

It's that sort of illiterate post by IgbereTv that would make some people feel that truly Nigeria is a confirmed country of dullards to have allowed someone like Buhari to not just win an election but get re-elected by supposed adults.

Very expensive. In 1982 a brand new Bettle or 504 is about ₦2000. What it out.

ebukajay184:


https://igberetvnews.com/1400926/costs-n500-rent-hall-eko-club-1982-throwback-photo/

Lalasticlala
Mynd44

500 Naira the is equivalent to almost 1.8 million today and took the same amount of effort to make as you would 1.8 m

seborrhic:

It's that sort of illiterate post by IgbereTv that would make some people feel that truly Nigeria is a confirmed country of dullards to have allowed someone like Buhari to not just win an election but get re-elected by supposed adults.

Even at that, electing Buhari is a show of dumbness. Naira is 575 to one dollar today because Buhari is a very bad president.

How many people could afford #500 that time?

effort1:


My dad was an assistant manager in a private company then. His salary was 120 naira per month.

To think they’ll still deduct pension contribution of some sort from that amount to plan his retirement in say 30 years time (2012)

Omo mehn, the system is designed to ensure one is poor when he or she is old and weak.

Pension fund has low purchasing power at the time of retirement given how naira is nosediving in value.

OkCornel:


To think they’ll still deduct pension contribution of some sort from that amount to plan his retirement in say 30 years time (2012)

Omo mehn, the system is designed to ensure one is poor when he or she is old and weak.

Pension fund has low purchasing power at the time of retirement given how naira is nosediving in value.

Lolz. Very true

Sometimes I wish I could go back in times, so I could afford things I can't possibly get in This present day.
Maybe travel way back into the 70s or 80s with just 100k in my back pocket.

That sum is a large one so I need to engage a truck load of police to provide a security of some sort. But then the 70s was relatively peaceful. There's absolutely nothing to fear even kidnappers. I'd save my money.


I'd move around lagos, especially the high brows places and fuccking buy up all the Lands.
I'd wait for Bill gates to establish Microsoft then massively invest. I know quite well that Mr Bill would awestruck but that's fine.

I'd search for Jeff Bezoz, that Amazon guy and current richest man and make myself know to him. We'd talk about how to build a business empire known as AMAZON!

And finally, the crux of the matter. I'd go on to register myself in Harvard University, and particularly make sure that I am around and not flexing around with the girls when MARK Zuckerberg would make that glorious call.
"Come lets create Facebook"

Okay

Meanwhile, I need a trusted Data seller here please

Corporate2020:
Nothing has changed. What it costs in dollars then is the same now.

Is dollar this country's currency

I think OP just wants us to know how things were then in 1982. Our N500 exchanged at 50 kobo too easy dollar.

Times have changed all over the world. The whole world has experienced changes in the costs of goods and services in these 39 years, including the USA.

For us here events have overtaken a lot of things. Civilization has advanced. We do not drive the same cars driven in 1982. We do not wear the same clothes. Design of houses changed, technology has advanced, etc.

Generalwoodz:
Sometimes I wish I could go back in times, so I could afford things I can't possibly get in This present day.
Maybe travel way back into the 70s or 80s with just 100k in my back pocket.
That sum is a large one so I need to engage a truck load of police to provide a security of some sort. But them 70s was relatively peaceful. There's nothing to fear.ubecause I've read where politicians of those periods were arrested and sentenced to Jail for looting amount as little as 5k...
Imagine I arrived into the 70s and saw myself at Allen Avenue. I would buy 10houses

If wishes were horses, beggars would ride

Generalwoodz:
Sometimes I wish I could go back in times, so I could afford things I can't possibly get in This present day.
Maybe travel way back into the 70s or 80s with just 100k in my back pocket.

That sum is a large one so I need to engage a truck load of police to provide a security of some sort. But then the 70s was relatively peaceful. There's absolutely nothing to fear even kidnappers. I'd save my money.

I'd move around lagos, especially the high brows places and fuccking buy up all the Lands.
I'd wait for Bill gates to establish Microsoft then massively invest. I know quite well that Mr Bill would awestruck but that's fine.

Hahahahahahahaha. Many people lamented then of no money just like the present time.

Yet the same people who enjoyed that era collectively collected Zombie vaccine to vote in mannequin

The best is to convert that to dollar as at that time and step it down to dollar as of today. That will give you the idea.

So, that 500 is like 192,478 Naira now.