mrvitalis:

Stop talking rubbish

At minimum wage you need 2 years salary to buy a brand new car ; #80 x24 =1920

At minimum wage today you would need 50 years salary minimum to buy a brand new car of same class

Least brand new car now is minimum $20k that's 30 million

That's 1000 x minimum wage..... That's 83 years

You need to work and retire at from 25 to 60
3 and half times to achieve same

Stop supporting rubbish

inoki247:
Lol this shitt I'm seeing it everywhere....


And how many people have this...


We need the population of people that can buy this...

As poor as the country is right now up to 50m will buy 1500 bread can 50m people of that generation buy the Peugout....


If the car is easy to buy den almost everybody in Nigeria will own it in 1975....


The value of 1500 right now and then isn't the same and the work you will do to earn that 1500 is not even the same with now....

agabusta:


So is the annual salary of a civil servant at current time up to the cost of a brand new car??

We know there are inflationary effects, but the situation is more dire in our own case.

CluelessMODS:

I bet the foolishness dwells in you! How do you know he is Yoruba?

Nomyth:
Thats a lie!!!

Peugeot 504 was never at any time sold for N1,500.

The starting price of a VW beetle around that time was rN4,000.

iukpe:


So then and now, has the $1 been capable of same strength or lesser? This also matters comparatively.

Authoreety:



Shut up! Why in the world would you want to vote for Atiku from the old dispensation and whom Obasanjo termed corrupt

Watianoengineer:
Those blaming APC for the woes of the country should direct their anger towards Peter Obi. That man is the reason why everyone is suffering currently. Nigerians were fed up with Buhari's ineptitude coupled with the naira scarcity and were ready to sack APC from leadership. Peter Obi made sure APC remained by splitting the votes he and Atiku should have jointly gotten from nigerians hereby making Tinubu to emerge as President. Peter Obi is the reason why many families are going to bed hungry. That Obidient movement was started to ensure APC remained in power. Governor Soludo warned but was insulted by Obidients. See where we are today

oluztx:
The funny thing is most of the posters above commenting in disbelief are from southwest, same people that elected Buhari and Tinubbu that destroyed the country.

You don't need to go as far back as 1975, just go back to 2015. Dollar was then 195 naira now 1700 naira. 5-7 yr old used Toyota camry was 1.5-2 million, now 20-30 million.

mrvitalis:

Stop talking rubbish

At minimum wage you need 2 years salary to buy a brand new car ; #80 x24 =1920

At minimum wage today you would need 50 years salary minimum to buy a brand new car of same class

Least brand new car now is minimum $20k that's 30 million

That's 1000 x minimum wage..... That's 83 years

You need to work and retire at from 25 to 60
3 and half times to achieve same

Stop supporting rubbish

jazzman7711:


I actually cross-checked, and the minimum wage in Nigeria was 60 naira in 1975.

https://www.google.com/search?sca_esv=21105454922e231e&rlz=1CDGOYI_enGB1064GB1071&hl=en-GB&sxsrf=ACQVn08At-xjP-VLvfgv3jktgzXsWvcBGg:1710330930394&q=Nigerian+minimum+wage+in+1975+per+month&sa=X&ved=2ahUKEwjWtbecl_GEAxWHQ0EAHacdA9cQ1QJ6BAgxEAI&biw=375&bih=553&dpr=2


Also, that Peugeot 504 was made in Nigeria.

That’s why it cost only 1,500 naira.

Innoson’s cheapest car cost around 7 million naira, so your 30 million naira figure for a brand new car is wrong and dishonest.

You need to apologise to forumers for your disinformation.

https://www.tekedia.com/innoson-vehicle-motors-brand-photos-with-prices/

jazzman7711:
In 1975, minimum wage was like 80 naira a month, so that Peugeot you are looking at was beyond the reach of average Nigerians.

Back then things were hard, and food was costly, especially meat.

Back then we ate one or two small pieces of meat with the rice. Nothing like ‘assorted’ back then.

Nomyth:
Thats a lie!!!

Peugeot 504 was never at any time sold for N1,500.

The starting price of a VW beetle around that time was N4,000.

jazzman7711:


I actually cross-checked, and the minimum wage in Nigeria was 60 naira in 1975.

https://www.google.com/search?sca_esv=21105454922e231e&rlz=1CDGOYI_enGB1064GB1071&hl=en-GB&sxsrf=ACQVn08At-xjP-VLvfgv3jktgzXsWvcBGg:1710330930394&q=Nigerian+minimum+wage+in+1975+per+month&sa=X&ved=2ahUKEwjWtbecl_GEAxWHQ0EAHacdA9cQ1QJ6BAgxEAI&biw=375&bih=553&dpr=2


Also, that Peugeot 504 was made in Nigeria.

That’s why it cost only 1,500 naira.

Innoson’s cheapest car cost around 7 million naira, so your 30 million naira figure for a brand new car is wrong and dishonest.

You need to apologise to forumers for your disinformation.

https://www.tekedia.com/innoson-vehicle-motors-brand-photos-with-prices/

Whalis:

Can you see what I am saying? This is one of them.

iukpe:
In 1977 my Dad bought a brand New Volvo 244DL from RT Briscoe for N7,777. Sold our VW Beetle car to our church member for N900 and also a brand new Peugeot 404 pickup for my mum's business at about N4000.

In 1979 my secondary school boarding fees was N60 per term and you could eat 3 meals a day for about 3months.

In 1985 I could spend N20 pocket money for a week on university campus for meals that cost N1 per plate so approximately 3meals x 7days would be N21 but by the 6th or 7th day I would get another N20 from my dad to carry on the eating. Anything I needed to do was left for me from that same money so if I wanted a haircut, mineral or bread, a new pair of jeans which was also about N1 it was up to my sense of opportunity cost.

But It was about the value of the Naira to the dollar which is presumed stable till today.

Nomyth:
Thats a lie!!!

Peugeot 504 was never at any time sold for N1,500.

The starting price of a VW beetle around that time was N4,000.

Patrioticman001:
How many people have such cars in 1975?
What was the population of people that could buy this sort of car then?🤷🏾🤷🏿‍♀️🤦🏿‍♂️

As poor as the country is right now up to 50m will buy #1500 bread. Can 50m people of that generation buy the Peugeot cars?

If the car was easy to buy then almost everybody in Nigeria would own it in 1975.

The value of #1500 right now and then isn't the same and the work you would do to earn that #1500 is not even the same with now.

In 1975, General Yakubu Gowan was the head of the state, the man who claimed that Nigeria had so much money but couldn’t think of what to do with it, hence, failed to develop the country and built factories and industries, above all , electricity but mass looting.
1 Naira = $3.00 so #1700 was $5,100.
This is equivalent to $29,417.52 today. $1 today is #1700 today so a loaf of bread is about $1. How much was a loaf of bread in the USA & U.K. in 1975? In 1975 in the U.S. price for a loaf of bread was as low as $0.14 (14 cents) and a loaf of bread cost just 11p in the U.K. So things are always more expensive in Nigeria because we imported everything to make breads such as flour, sugar, yeast, etc. 😭
In 1975, minimum wage was like 80 naira a month, so that Peugeot you are looking at was beyond the reach of average Nigerians.

Back then things were hard, and food was costly, especially meat.
Back then we ate one or two small pieces of meat with the rice. Nothing like ‘assorted’ back then.🙉🙈🙊

The average income in Nigeria in 1975 was #80 about $240 equivalent to about $1,961.17 today. Please do the Arithmetic/Maths!!!

Nigeria problems started long time ago for lack of planning so don’t blame the present President. 😡🥵
May God guide and give wisdom to our PABAT in all his efforts to make Nigeria great .🙏🏾🙏🏾🙏🏾🇳🇬

seborrhic:

You people compare prices over the years like illiterates.
What was the salary in 1975?

DIVINEEVIDENCE:


Peter Obi clearly won the election but was rigged out by Balablu and his evil gang of Mahmoud Yakubu and the supreme court.

Get well soon.

jazzman7711:
In 1975, minimum wage was like 80 naira a month, so that Peugeot you are looking at was beyond the reach of average Nigerians.

Back then things were hard, and food was costly, especially meat.

Back then we ate one or two small pieces of meat with the rice. Nothing like ‘assorted’ back then.

Babangidapikin:
You don't mean it .. you are eating a whole car ...

Goodnewsforlife:
how much was the car sold during Jonathan regime?

I guess it was also sold for 1500 cos u are saying it now as if it was sold for 1500 in 2014