₦airaland Forum

system21:
The Nigeria of 1978, $13,100 was ₦10,220. What is the rate today? Bad leadership and corruption destroyed our economy.
Once upon a time in Nigeria, Naira was above dollar. That was when we were GIANT of Africa. Not anymore.
Then, $13,100 was ₦10,220
Today, $13,100 is ₦19,650,000.
Congratulations to all the supporters of failed government and corruption

system21:
The Nigeria of 1978, $13,100 was ₦10,220. What is the rate today? Bad leadership and corruption destroyed our economy.
Once upon a time in Nigeria, Naira was above dollar. That was when we were GIANT of Africa. Not anymore.
Then, $13,100 was ₦10,220
Today, $13,100 is ₦19,650,000.
Congratulations to all the supporters of failed government and corruption



Many people here wouldn't understand because they were no born them

Bobloco:
What's the value of $13,100 in 1978?

system21:
₦10,220 according to the news paper, abi eyes dey pain you

eliyke:
dem go still attack you,dis days if u Dey waka 4 road some elderly women go Dey beg you 4 money,same people wey collect rice nd wrapper during election..nd dere children Dey nairaland 247 Dey defend same government,while dere parents Dey beg

Bobloco:
I don't mean the Naira value

I am referring to the dollar value

TimeManager:
Kids of nowadays, SMH!. When you stopped history in schools, this is what you get- ignorance!, blissful ignorance!. If you knew the level of great hardships that our parents went through during the period, you won't be here heaping a satanic worship on a man who initiated the begining of economic woes on Nigeria. With the introduction of SAP, IBB destroyed the economic foundation and progress of the country. In one fell swoop, naira was devalued by 500%, our debts increased to about $34billion, we could barely service our short term loans and thus, sellers overseas were reluctant to sell goods to us. Till today, we haven't recovered from SAP, IMF, World Bank captivities that IBB led us into and guess who was the Finance minister at the time, an economist and an ex-World Bank staff, Dr Kalu I. Kalu. If there's anyone that should be tied to stake and shot, it is these two evil geninuses.

-kiss the truth!

system21:
The Nigeria of 1978, $13,100 was ₦10,220. What is the rate today? Bad leadership and corruption destroyed our economy.
Once upon a time in Nigeria, Naira was above dollar. That was when we were GIANT of Africa. Not anymore.
Then, $13,100 was ₦10,220
Today, $13,100 is ₦19,650,000.

Congratulations to all the supporters of failed government and corruption

Zulu11zulu:
I thank God no igbo man will be blamed for Nigeria problems

Agboriotejoye:
IBB in 1978

They apply brain to this Zombiesm na

kokoA:
Nnamdi Azikiwe that forced us together na idoma man?

Zulu11zulu:
I thank God no igbo man will be blamed for Nigeria problems

FourQu:
Nigeria was a healthy country when nnamdi forced us to be together.

After then other tribes said no igbo man will ever rule Nigeria and then the country started nosediving till it reached its current depths today.

So you can't blame the igbo man for the rundown state of the country, you can only blame azikiwe for forcing us to be together even though his people could never rule the country.

So don't blame the igbo for Nigeria rot. Blame the hausas, fulani and yorubas.

TimeManager:
Kids of nowadays, SMH!. When you stopped history in schools, this is what you get- ignorance!, blissful ignorance!. If you knew the level of great hardships that our parents went through during the period, you won't be here heaping a satanic worship on a man who initiated the begining of economic woes on Nigeria. With the introduction of SAP, IBB destroyed the economic foundation and progress of the country. In one fell swoop, naira was devalued by 500%, then up to 2000%, our debts increased to about $34billion, inflation rose to 54%. We could barely service our short term loans and thus, sellers overseas were reluctant to sell goods to us. Till today, we haven't recovered from SAP, IMF, World Bank captivities that IBB led us into and guess who was the Finance minister at the time, an economist and an ex-World Bank staff, Dr Kalu Idika. Kalu. If there's anyone that should be tied to stake and shot, it is these two evil geninuses.

-kiss the truth!

kokoA:
Is that why we started importing everything and anything because it was cheaper to buy abroad and sell here at a higher rate and make profit? Now their economy has grown with our money and we still can't produce anything.

TimeManager:
If the country was healthy as you claimed, then why was there a coup by the military?. According to the coupists, the country was messed up in corruption and they needed to cleanse the system of corrupt politicians, which Azikwe was the President. So why would you absorb igbo?

-kiss the truth!

Feldie:
What was the population of Nigeria then?
How many Nigerians consumed imported products then?
Your grandparents likely survived on pounded yam and bitter leaf soup back then. Now that you chase after oyinbo things without producing anything to export what do you expect?

TimeManager:
Kids of nowadays, SMH!. When you stopped history in schools, this is what you get- ignorance!, blissful ignorance!. If you knew the level of great hardships that our parents went through during the period, you won't be here heaping a satanic worship on a man who initiated the begining of economic woes on Nigeria. With the introduction of SAP, IBB destroyed the economic foundation and progress of the country. In one fell swoop, naira was devalued by 500%, then up to 2000%, our debts increased to about $34billion, inflation rose to 54%. We could barely service our short term loans and thus, sellers overseas were reluctant to sell goods to us. Till today, we haven't recovered from SAP, IMF, World Bank captivities that IBB led us into and guess who was the Finance minister at the time, an economist and an ex-World Bank staff, Dr Kalu Idika. Kalu. If there's anyone that should be tied to stake and shot, it is these two evil geninuses.

-kiss the truth!

TimeManager:
Everyone knows the collapse of Naira started during the SAP regime of IBB and the person who introduced SAP to him was an igbo man who was his finance minister.

-kiss the truth!

system21:
Another supporter of failed government, ordinary Benin Republic that produces next to nothing their CFA is performing far better than naira and This one is here typing rubbish on public space