majamajic:
Making 4k is much easier now than making 88 naira then , cos I have grown in 91

You sabi wetin dey.

For you to have that much of sense, it means that true true you were really grown in 91.

I salute you.

Life is changing geometrically.
In 1991, Rain is used to fall with "ice" but nowaday rain no dey fall again not to talk of ice.
2. In 1991, new born babies opened their eyes after 8days but now, they opened their eyes immediately they entered the uncaring world.
3. In 1991, the life span was greater or equal 100years but now if you die at 50yrs. Your family will celebrate your exit.
4.. In 1991, the bride must be a virgin but now if you are lucky to marry a virgin, you will give extra testimony in church or mosque.
LIFE IS IN MOTION, LIFE HAS CHANGED HIS OWN GERMENT, IT'S YOU THAT HAS NOT CROSSED THE FENCE.

majamajic:
Making 4k is much easier now than making 88 naira then , cos I have grown in 91

Oga you lie!

majamajic:
Making 4k is much easier now than making 88 naira then , cos I have grown in 91

4k is for just one bag
88 naira for 3

money121:
3bags of cement for #264 as at 1991 (#88 per Bag)

1bag of Cement Now #4,000 to #4,500 as at Today

I hope Nigeria will be Great Again

This is elementary logic and it doesn't work this way. You have to take into considering the value of money then and now. Also the rate of inflation over the years to come up with a logical conclusion if cements was much cheaper then or not. The receipt alone proved nothing.

sinkhole:
That is about 31yrs ago, right?
Keep your own today and let your children/grand-children also comment on it in the next 30 years, I am sure that your children/grand children will then claim that you enjoyed during your own time too

There will not be a country called Nigeria in 30 years.

Quote me anywhere.

Hsg

If that's true, then that's the very point. NAIRA was much more valuable back then.

majamajic:
Making 4k is much easier now than making 88 naira then , cos I have grown in 91

Meanwhile it's good quality back then not dust wey dem dey package for us lately...

Oluwa a wa pelu wa

Moblux:
Ọ mọ wokun!

om pee

Highways:
It's just 1991.... Like yesterday....

They have crippled the economy



I'll vote Tinubu.....

















If he can put thread inside needle

lol it will take his pupit 2years to make it.. Lol abeg no kill him..

#88 per bag in 1991 is much more expensive than #4,000 per bag in 2022.
My salary on Grade Level 04 in 1992 could only buy 4 bags of cement, whereas the salary of a GL 04 in 2022 can comfortably buy 9 bags of cement.

money121:
3bags of cement for #264 as at 1991 (#88 per Bag)

1bag of Cement Now #4,000 to #4,500 as at Today

I hope Nigeria will be Great Again

the question you should ask yourself is how many people can afford 88naira as at then??

Truly it is much easier to make money now than the year in review, 4500 can be made in a day even 1991 minimum wage is just than 250naira that isn't enough to purchase 3bags of cement jextapose that with what we have today.

Because prices are low compare to now doesn't make it affordable, the more reason why many homes couldn't afford television then.

Importance of keeping receipts. For reference purpose in the future. Things change as time goes on. You don't expect the price to remain the same.

burritto:
1989 was when the price really went up, I remembered we started building one of our houses with #4.50k per bag in February that year, then it moved to #20 and then #38 or #40. In May of 1989 it was #38. The price went up really high that year

By 1991 it was already #80

40 bags of cement for N1, 520? Nigeria will rise again.

Another take away for me is the way you were able to neatly keep the receipt since 1989. It looks as if it was just issued yesterday. I give it to you.

I was in primary 4 in 1989 in shomolu.

favour2much:
Pls God restore back our country

Amen

Zonefree:
3 bags of cement is now roughly N15,000...no thanks to Buhari and Osinbajo and their akube economic policies.

Meanwhile it was #88 during Jonathan’s tenure, right?

Ororocelemi:

Bros how old are you

Obviously you know he's much older than you. It's rude of you to ask of his age.

BillionKnights:

4k is for just one bag
88 naira for 3

Are u on free mode

May God help us all

money121:
3bags of cement for #264 as at 1991 (#88 per Bag)

1bag of Cement Now #4,000 to #4,500 as at Today

I hope Nigeria will be Great Again

Do be deceived oh... Despite how cheap you thought it was... Many can't still afford it �

mightyhaze:
1985!? You don dey travel by 1985! And here I am feeling like senior prefect


Epaa Domo! I comot cap

Though not an old man then my mun handed me over to the driver to connect with my dad who was staying in Lagos after they resolved their little issues. By the way I was in primary 5 then.

It was N65 when we were building our church then (Church of God mission).

yemmit90:


Who tell you this? Did you live in 1991 for you to be saying this? From the best of my knowledge, 88 naira was not hard to get in 1991.

Transportation to our home town back then around 1991 was #200, and it is around 2500 from where I am now( which is still farther than where we lived back then).

Cement should be one of cheapest commodities, but cost of production couple with lack of electricity make it difficult for manufacturers to produce at low cost.

Paying 200 was not easy then too

nedekid:

In UI those days 1992 or so, a liter of fuel was 60kobo. I used to buy ₦5 fuel and my tank will raise.
I remember when abacha made it ₦3.20 per liter, the whole country scattered, riots every where. He then reduced it to ₦1.80 or so.
Now fuel na ₦165 per liter with subsidy, diesel that was cheaper than petrol those days is now ₦800 per liter!
No be juju be that?

Sorry to ask oo sir, but do you have grandchildren because you obviously should be in your late 60's

Anny505:



Sorry to ask oo sir, but do you have grandchildren because you obviously should be in your late 60's

Ha!! not that old ohh.
Was 17 when I entered UI 1990/91 session. So do the maths. And no I don't have grandchildren yet. But if one had kept all those belle from those days, or one had married early, lots of grandchildren would have been a possibility.

majamajic:


Paying 200 was not easy then too

Yes agreed, not too easy,but my exact point is that, cement was very cheap those days. If you can get 2 bags of cement and still have some change from TF to my home town,and you cant buy even one bad with TF to my home town now, then those days were better than now.

I knew alot of petty traders who built magnificent houses those days, the same cannot be achive by the same petty traders now.

majamajic:


Are u on free mode

Sorry, my bad.
But I'm sure you'd agree with me that the minimum wage of that period could buy more cement than the minimum wage of today

nedekid:

Ha!! not that old ohh.
Was 17 when I entered UI 1990/91 session. So do the maths. And no I don't have grandchildren yet. But if one had kept all those belle from those days, or one had married early, lots of grandchildren would have been a possibility.

Oh, I see.... that means you are 49+ or 50+ if I'm correct. Omo, you are a very senior comrade oo

BillionKnights:

Sorry, my bad.
But I'm sure you'd agree with me that the minimum wage of that period could buy more cement than the minimum wage of today

Minimum wage of today can buy 10 bags of cement , did u earn 880 then monthly ?