₦airaland Forum

Twist4u:
The reality of this matter is, NAIRA HAS LOST VALUE in multiple of 8x times.

Cost of goods and services campared to year 2013 has shown astronomical increase by 8 times in some cases 10 times.

#40k in 2013 is stronger than 200k now

Let's Do the math :
1 bag of Rice in 2013 is #8,000
In 2024 1 bag of Rice is #70,000

70,000 ÷ 8,000 = 8. 6 times difference

I liter of Fuel in 2013 =#87
I liter of Fuel in 2024 = # 670

#670 ÷ #87 = 7.7 times difference.

We can go on and on....

Here's is, the same man, in the same country, earning the same salary, But, Buying goods and services 8 times it's formal price.


And many people wonder why he complained.

I earned 2x of the op, I found myself asking almost similar question 2 weeks ago.

Bros, 2013, I charged 50k for a service, it gave me $357.
Today I charge at leat ₦200k, and it is $110!
To get the value of 2013 50k, ie $375, I need to charge at least ₦678,300. But who will pay?

Jennyclay:
You earn 200k monthly and in your mind you’re earning much Mtcheww!!

If you carry me for shopping with that money I can’t even pick up to 4 clothes and the money will be exhausted not to talk of bag and shoes

Biko, just stay away from a relationship in order not to put someone’s daughter in abject poverty.

Lol.
Abi oh. I watch that egungu guy on fb. All those chicks he interviews call hair 200k, 500k, 1m, 1.5, 2m. No be juju be dat?

easzypeaszy:
I earn a little above dat with 3kids

After filling gas, sub n nepa about 20k now
I buy Rice, Oil, Ingredients 30k goes for dat
I give my wife 20k weekly, so the day we see meat we eat, if na Ponmo or Fish na she kw how to run am.
Transportation 30k
Safes up like 20k to 30k after giveout 10k to 20k monthly including Mom cuz we contribute and send her in bulk like 80k to 150k monthly..we be like 13

God is your strength. It is not easy these days.

LegallyBlunt:


Did I read this well or this is some joke?

How can you blow 200K in less than a week? Doing what exactly? The economy is bad, yes, but 200K can still go a long way and last a full month if used wisely. Even married people would be great to earn this much money now!

Is it transport?
Do you eat out only/buy food?
Do have dependents?

If you don't know how you spend your income, then you're one very unserious fellow.

Bros, in today's naija, 200k does not run my expenses more that a few days. If I manage heavily, it barely will go 7 days. Inflation has damaged our purchasing power.

Omo, why will you enter restaurant that has high over head to eat?
Next time look for the nearest amala joint and eat to your satisfaction.
Eg, if you are in akowonjo area, branch at Mama T amala joint at shasha. That your 2800 will enable you eat like a king.

superCleanworks:
this one is just between us as Nigerians. We enjoy glorification of high prices and no body asks questions at all.

So the pure water producer lives in isolation? Is he not buying diesel to run his pumping machines, packaging machines, purification machines, distribution vehicles? Do you know diesel is 1600-1800 per liter? One 30liter keg is about ₦50k. If he runs generator of 12hrs, he will likely spend 100k on diesel daily assuming he is using a eg 30-50kva generator. 100k. How much pure water will he sell a bag at ₦300 to cover 100k on just diesel for generator alone? Staff salaries, nylon, maintainace of delivery vehicle, petrol or diesel for the vehicle etc. Guy, even if they sell at ₦50 per sachet, I doubt they will break even.
They owners too, are their not going to the same market to buy foodstuff, enter bus, pay school fees?
Omo, there is no business this apc goons are not killing right now.

alimiadedayo1:
who should we blame your father ba? useless human being

You de mind am?

Aderewah:
Lol. If we had sense in this country, private investors should build water projects and pipe treated water to homes and offices that are good enough to drink. Everyone should have water bottle to collect water and drink as needed. How many developed countries buy water in sachet? Imagine having so much water under the ground and being thirsty because of price of nylon. Smh

As we do not have sense in this country, why not lead the initiative?
Seems you do not know only state water works can process large volume of water and pipe. Do you even understand the cost and bottleneck of piping water through streets to houses, breaking up roads to bury pipes to buildings for delivery on an already developed environment? Seems you do not know back in the day there was piped water to houses around.
The question you should ask is why it was abandoned for personally owned boreholes. Are Nigerians, you and i in perticular willing to pay water bill, joined with others eg electricity bills? What about the logistics of monitoring who is "tapping" water for free?
This your suggestion already works, but in recently constructed estates eg vgc where you receive water bill for potable water.

Soulifting:
Pls how do I retrieve a stolen snatched phone immediately

Better lock your bank accounts linked to the sim cards if you did not have sim lock on that phone to avoid further tales.

GanagiBitrus:
I lost thousands of $ worth of business deal due to this MTN glitch.
Lawyers in the house, abeg how do I sue MTN for ₦500m?

Why not ₦5b?

chatinent:
In a typical construction in Nigeria, an engineer in Nigeria is made to work under a white engineer. It could also be that the Nigerian engineer has more paper qualifications than the white but he has to dig while the white seats in the tractor and orders everyone around.

And why do you think companies will spend so much to hire white engineers and place them over Nigerians. Afterall it does no make sense to spend money that should be profit on a expatriate.

Dialpad:
SAD for shareholders

This should pave way for local companies to emerge, at least they won't be sending funds to any home office

Where are the local companies emerging from? Visit any local factory around your neighborhood and speak to anyone in charge. Most are shutting down or running skeletal operations. The nylon manufacturing factory opened by Chinese early last year beside my office, I was informed they have cut staff by half and running below capacity. Can you blame them? Soon they will prefer importation rather than local production as it will be cheaper and less stressful.
As I have beign highlighting of recent, a country with poor electricity cannot have expensive diesel to run generators and haulage. Diesel is now 1600-1800 per liter. A large factory running 1000kva Gen will blow 5.6m diesel daily on 20hrs of use.

Midehi3:
I bought mine yesterday N1,150...12.5kg N14,375

I bought mine ₦2,500 for 12.5kg. Sha hold your ID card.

jmoore:
Nigeria rich in gas but still importing gas.

Foto, no be juju be dat?

Abeg, Ambode should not mix them, so they don't rub shit on him.

Lol. OK.

benuejosh:
People who feel their own favourite wasn't voted into power are the ones trying to sabotage the efforts of this administration. Some started sincethe time of Buhari and majority added to them during the last election.

But they will fail woefully - Peter Obi and Obidient.

Tinubu WILL succeed.

Best to keep quite than open your mouth and show how silly you are.

Lolz,
Foto! be juju be that?

“Each person that receives 25,000 Naira for a total of three months will be identifiable"

Oya, issue another 500m contract to Ojo's company(which he resigned from) to "identify" those to receive the money.

Slytiger:
So we should fry plantain.

They are not wrong as per the bolded. Peter Obi was a massive failure in Anambra when he was governor.

You need "opolo" .
Pitiable thing is you are likely not among the 5%, yet you defend those that placed you within the 95% bracket.
No be juju be that?

2mch:
When you are President and have adult children that you use money train to get quality education. Leave them at home to be eating akpu. At least he did not appoint them to any political position. Sometimes you need the children you can trust to discuss your fears or concerns. You can’t do that with just anyone and it’s a blessing that he has mature children at this stage in his life, who seem responsible.

Lol

Ombre:
Begi begi, you trace the giver from OP appreciation thread reach here.

Lolz

I told an OP here months back to always leave the proper way, one fellow came up yabbing me, saying that op should walk out on the job, do this and that. You never know when you will need references from where you previously worked.
OP, you gats go sort issues out with them.

Nice one. Let's pray it continues.

Malroux:
They will still collect it back times ten when they arrest you.

Lol, you wan wound me with laugh.
So you know? You have not seen where persin reach station, them offer am cold minerals, ask am watin him go chop, give am correct amala with gbegiri, ewedu, add, correct ogunfe with shaki, ponmo, fukun, roundabout, come even ask am if him need fresh fish (today own). Ontop?
Omo, for olopa to spend him ₦1 on you, know say better case with Huge money involve. Lol

spiSeyi:
When last did you give to orphans if you want to venture into philanthropy do it were God will acknowledge it. There's no blessing attached to giving money to a 9ja babe who will use the money to pay her main BF bills

Abi ohh..

OgaTheTop2:
Everything is not about sex or relationship....I can pay her school fees and take care of her without any string attached. You never can tell what she becomes tomorrow.

Na she go still call you mumu in front of her friends. Why will you pay her school fees or take care of her without strings attached while she is fucking some wretched guy for free? Oh, you can run expenses on behalf of another man? Dont you see, truelly, figuratively speaking, there is a case of "mumurity" there?
Guy if your money is good enough for a lady to take, you are good enough to Bleep her, do not let any one deceive you!
Furthermore, if it is what as you say, a woman can be in the future, I assure you it is not by that. What is the guarantee she will help you or even give you audience? Infact that is when they will say you have entitlement mentality.
Guy, do not spend your dime on any lady that you have "interest" in, but does not reciprocate.

Oga, you are wise.
Only young men that have opolo will value what you wrote.

Otiwaikuku:
Wow!
This is a massive project but was there due process before awarding the contract to HITECH construction company?
Was there an open bidding for the job?
What was the criteria in selecting Hitech for the job?
So Julius Berger,RCC ,Dantanta& Sowoe no reach to do this job? Or why not break it down to batches for the big construction companies we know in the country so that the job will be delivered on time.
Let the looting and nepotism continue.

HITECH is owned by Gilbert chagouri, his business partner/close friend is oga at the top. Google who is is to oga and then you will know why that contract was issued to the company.
Someone once told wike "lobby me". Watin una think say lobby me means in the "guyman" lingo? It means come make we discuss sharing pattern to enable your money come out. Lolz

phransix2:
I see HITECH getting more jobs at the Federal Level a company that used to get jobs only in Lagos.

Bros, when you figure out the owners of hitech and the "arrangee business partner", then you will know why.

NabiAsli:
350 Ak47 guns or ammunition?

No mind thr, sensational news headline.
Na 350 bullets. L

Greenback:
What!!!!?

Guy don't tell us you don't know G4 is garri nahh 😁

Lol.
Ok garri.