₦airaland Forum

I was going through my dad's stuffs and I bumped into this note that has the prices for bag of cement, trip of sand and so on, I felt like going back in time when things in Nigeria were so cheap.... Aaaaahhhhh!!!!

Bag of cement as at 1994 is between 227-237 Naira whereas bag of cement now is 4400 Naira... We have some things we want to fix at our house and the bricklayer wrote 25 bags of cement at #4400 each (including cost of transport/offloading), trip of sharp sand at #40,000 Mad ooooooooooo

I'm in sifia pains

pray for this country

anthonyuncle:
pray for this country

We have been praying oooo

We have some things we want to fix at our house and the bricklayer wrote 25 bags of cement at #4400 each (including cost of transport/offloading), trip of sharp sand at #40,000 shocked shocked Mad ooooooooooo undecided undecided

Which wan be 25 bags of cement just to fix some things.Abeg how many bags of cements dem they take build house??

Not much have changed on the price just that naira value is nosediving. #237 per bag back then to me is huge considering that minimum wage was #700 - #1500. So a civil servant can only buy around 7 bags if he earns the highest amount possible, while those earning the lowest can only afford 3 - 4 bags a month. Today the minimum wage is #30,000 and a bag of cement is now #3900, so a civil worker can only buy 7 bags too as at today.

It is just the number on the naira note that is moving up due to inflation and devaluation.

Bought 20 bags of cement at the price of 5k each in uyo "akwaibom state" last month

Bought 20 bags of cement at the price of 5k each in uyo "Akwaibom state"

inspectorg:
Which wan be 25 bags of cement just to fix some things.Abeg how many bags of cements dem they take build house??

It depends on the kind of house oga... I know what I'm saying and yours is to ask how manage?

VEXT:
Bought 20 bags of cement at the price of 5k each in uyo "akwaibom state" last month

Ahhhh!!!!

VEXT:
Bought 20 bags of cement at the price of 5k each in uyo "akwaibom state" last month

This county is finished

SUPERPACK:
Not much have changed on the price just that naira value is nosediving. #237 per bag back then to me is huge considering that minimum wage was #700 - #1500. So a civil servant can only buy around 7 bags if he earns the highest amount possible, while those earning the lowest can only afford 3 - 4 bags a month. Today the minimum wage is #30,000 and a bag of cement is now #3900, so a civil worker can only buy 7 bags too as at today.

It is just the number on the naira note that is moving up due to inflation and devaluation.

This your analysis eeehhhnnnnn...