₦airaland Forum

constant1960:
Is still same price just the year that changed

iLegenddNoReply:
Let's assume 2,290 Naira is equivalent to Dollar at the time. If so, that means 2,290 Naira equals $2,290.

Using today's exchange rate of 594/$, that means 2290 * 594 = 1.360,260. Approximately 1.4 million Naira of today. With 1.3, you can buy a car today — even if it's tokunbo.

So, with this, it's wise to make your money in Dollar and convert to Naira. With this, you won't feel the difference.

farem:
See our dear lovely country Nigeria.
In 1974 a saloon car is sold at #2, 290 (Two thousand, two hundred and ninety Naira.
We need to overhaul Nigeria

Courtesy ; Daily Times 1974.

LeoDeKing:
On point.

You don't expect a brand new car at that price, even in dollars.

The worth remains same, just a different year.

Kzinne:
rubbish

constant1960:
Is still same price just the year that changed

iLegenddNoReply:
Let's assume 2,290 Naira is equivalent to Dollar at the time. If so, that means 2,290 Naira equals $2,290.

Using today's exchange rate of 594/$, that means 2290 * 594 = 1.360,260. Approximately 1.4 million Naira of today. With 1.3, you can buy a car today — even if it's tokunbo.

So, with this, it's wise to make your money in Dollar and convert to Naira. With this, you won't feel the difference.

phemmyfour:
N2000 that year na big money

Average salary back then used to be N200, so it LL take at least 10 months to save up to that

Asgard73:
See Yoruba economist dem up..

Guess the Nigerian situation of 2013 and 2020 is nothing but change in Year with same price

This humans are really empty...

By the time Tinubu becomes president .. and a bag of rice is sold for #50k ... Yoruba will tell you that is same price , only change in year.