ThunderFireAgba:

Oga show us your house stop talking trash. Mugu!!!
Generational poverty is dealing with your family.

Your poverty has turned to anger and your anger has turned to distress and your distress will soon to a heart attack...perhaps youn't survive

ZombiePUNISHER:

Sai Tinubu
I'm voting Tinubu in 2027 to teach some people politics

omoh.........we must teach peter obi how to play politics

tinubu till 2050

Jagaban2012:


Daddy's boy... It is high time you take responsibility for your life and stop sharing what your daddy has achieved...

Your mate dey build estate within a Year and you are still here sharing nonsense.....

That's not the point he is trying to prove.
He is not showing any achievement of his father.Rather, he is trying to tell us how bad Nigeria economy has become today.
That the prices of goods has been on increase exponentially within the year under reviewed without the corresponding exponential increase in income of the average Nigerians within the same period.

And that's the truth.
So stop diverting our attention from the realities.

Artscollection:


International maga!! Eating oyibo soft chicken up n down and dont talk down on people because you are on a faceless forum,the young man showed you proof n i believe you must be tucked in one room apartment eating soft chicken without peper up n down in this fucking winter because pepper is a bit expensive now.

Anyone living abroad or forming any international shit and talking down on people back home is a nobody!!!

...yes I understand..as your parents are nobody in the country...

azpekuliar:


Benin Republic too?

Their citizens full nigeria dey do bricklayer or tiling work

Shantyken:


Their citizens full nigeria dey do bricklayer or tiling work

You know how much bricklayer and tiler dey earn for Canada? They are better than Nigerians wey full UK dey clean people anus and dead body. What is the inflation rate in Benin Republic?

How much was Nigerian budget that time....

reiddecuti:

I'm no longer surprise, why because Nigeria is structured for such to always happen.

Frankly speaking, I find nothing exciting about this country again, absolutely nothing.

As for the government of the day, it's been a tale of scepticism and distrust from the word, get go in fact when the last lying minister of information said there's nothing to campaign on as far as the umbrellas are concerned, it didn't caught me off guard and now they are in and nothing serious as expected.

money121:
He bought 10bags of cement at rate of #700

Mean 1 bag #70

Do you think is possible to happen again in nigeria?

fergie001, Mynd44, OAM4J Seun Nlfpmod

That is quite childish way to look at it.
Taking into account inflation,that should be equivalent to 75k today.It was quite expensive then.
It's the earning power or salary that would tell if he was better off then or now.
If minimum wage today is say 200k,meaning a middle class civil servant will earn about 500-600k/month then 70k cement is not a bad price.
But average salary of 100-200k per month is what is making it horrible that a salary earner in the middle class can only afford 2-3bags of cement if his salary is untouched

westlius:

Dat 1 be say na sand and water we go use build house

Even sand and water dey costly now..oo.
Just a trip of sand is now over 60k.
Nah Naija we dey so..oo

Oga stop saying rubbish, make ur research. What USA used to sell one dollar in 1960 Is sold dsame one dollar today. It is only in Nigeria that we have economy crisis, that is why everyone is leaving Nigeria. You are the problem of this country because u always support corrupt and failure people as leaders

Richtaiwo:
Well, not by any chance supporting the current situation of the country, but this comparison no follow at all. If you go backward to let's say 1980, the cost of a bag of cement may even be less than N20. Minimum wage now is 30k, which is being reviewed. What was the average earnings in 1992? Even in the US, where you all take as model, prices of commodities in the nineties are not the same today. Global inflation is the word. As I said, I'm not by any chance supporting the current harsh situation in Nigeria but that comparison is off track.

IbeOkehie:


I'm curious. Was that list for your father's own building project or was he executing a contract for someone else? Pure curiosity on my part.

Thanks for posting this, it's the kind of commentary we need on this forum. Real history.

Good Luck to Nigeria.

Yes
That's my dad handwriting

SalamRushdie:
Shebi you can see it's nothing but a rat race

It's not Tinubu fault.goods have always increased in prices

azpekuliar:


Inflation in Nigeria is 29%? Is that the same rate in US as well? I went too far, Benin Republic next door. Comedian.

Just by the way:
1. What is the Price of a Cement Bag in Contounoe,?
2- What is the Price of a Bag of RICE- same Benin-Republic,this Month?
3. What is the price of a bag of Beans- Benin-Republic - just for Analysis sake?

mctech:

This is not correct.
Perhaps he wanted to write N7000 which amounts to N700 per bag.

N70? No.

It was N500 in 2001 so it can never be N70 in 2014.

Olodo check very well that's 1992

LeeSantos:



Go and research price of groceries in the USA from 1960 till date and compare it Nigeria 2000 till date. And come back to edit this rubbish you typed up

Thank you.
Don't mind this people defending poor economy of Nigeria caused by bad leadership.

Jagaban2012:


Shoe get size....you a local breed ..I'm an international breed...I can see the kitchen you call the building......in the village of a blind people one - eye man is their village king.... perhaps nah Mowe Ofada...or Samgotedo, Awoyaya of Ilorin...or even Kaduna...house nah house...

perhaps you are not part of those to whom EFCC may pay a visit shortly...

Lmao.. na money121 aka imran roofing u Dey call local breed?
Person wey be the best roofer in Nigeria lmao..
Some of you on here ehn

Runaway:
...and your dad will be increasing the house rent like he built the house today ...

money121:

Yes
That's my dad handwriting

I mean

1) was he building his own house

OR

2) was he doing a contract for someone else? Was your father a builder, was he paid to build houses for people?

I'm don't mean to bother you, just satisfy my curiosity. Thanks again.

Jagaban2012:


Daddy's boy... It is high time you take responsibility for your life and stop sharing what your daddy has achieved...

Your mate dey build estate within a Year and you are still here sharing nonsense.....

You are a very dull person. How does that amount to sharing what his Dad achieved? And you, how many estates have you built in 2 days? Everywhere, very stupid people everywhere!

Richtaiwo:
Well, not by any chance supporting the current situation of the country, but this comparison no follow at all. If you go backward to let's say 1980, the cost of a bag of cement may even be less than N20. Minimum wage now is 30k, which is being reviewed. What was the average earnings in 1992? Even in the US, where you all take as model, prices of commodities in the nineties are not the same today. Global inflation is the word. As I said, I'm not by any chance supporting the current harsh situation in Nigeria but that comparison is off track.

But not at a space of Nine months in Gov't just booooom to 11,500.

Does inflation occurs everyday.?

You guy are crying when the showdown hasn't started yet. This is just testing the microphone!

Them never grind beans for Nigerians, Nigerians don dey complain say akara smell don dey smell everywhere.

What will you guys do when they eventually grind and mix the beans with other ingredients, put fire and start frying the akara?

You guys should tighten your seatbelt, you all are in for a long ride.

Boldideas:


Hmm.... aah.. Do you know the value of N700 of that time? That 700box was a lot of money bro!!! A Honda accord brand new was sold for N5,000 in 1982. A cartoon of peak milk liquid was N18.00

New Peugeot 504 is a lot cheaper than that. My Dad was the Chief Architect of my state in 1978. His salary wasn't up to 15k monthly.
It's useless comparing then and now.

Richtaiwo:
Well, not by any chance supporting the current situation of the country, but this comparison no follow at all. If you go backward to let's say 1980, the cost of a bag of cement may even be less than N20. Minimum wage now is 30k, which is being reviewed. What was the average earnings in 1992? Even in the US, where you all take as model, prices of commodities in the nineties are not the same today. Global inflation is the word. As I said, I'm not by any chance supporting the current harsh situation in Nigeria but that comparison is off track.

Go and read up on Consumer Price Index, Types and Causes of Inflation, then you will realize the comparison is not offtrack.
"Inflation is a global phenomenon" narrative is valid, but we don't have to be the extreme case, do we?

IbeOkehie:


I mean

1) was he building his own house

OR

2) was he doing a contract for someone else? Was your father a builder, was he paid to build houses for people?

I'm don't mean to bother you, just satisfy my curiosity. Thanks again.

His personal house

money121:


Yes proudly Daddy boy

Became landlord in lagos year 2018
That's the proof https://www.nairaland.com/4765255/see-photos-house-warming-ceremony


Show me your mansion and estate

Emi lo fe fi trend ni nairaland but online lo wa
You can talk anyhow
O ni jeun gidi

Alaraka

Thank you for putting that failure where he belongs.

money121:
He bought 10bags of cement at rate of #700

Mean 1 bag #70

Do you think is possible to happen again in nigeria?

fergie001, Mynd44, OAM4J Seun Nlfpmod

p

No economy from 10 years ago have remained the same since then.....

If you can point out one thing that the price or cost have remained the same in the UK, USA, Switzerland or Canada for the past 10 years... I'll gift you 1m ASAP...

The problem with alot of us is that we are still living in the past.....

There are alot of factors responsible for the transformation over the past 10 years...

I know things are inflated in 9ja but what I don't understand is your question of whether things can go back to the way they were......

Can you go back to the way you were 10 years ago??

Here in the UK, a bag of 20kg cement sells for between 10 pounds to 18 pounds.... Convert that to naira..... Not all that glitters is gold.... Things can never go back to the way they were in 9ja.... We can only hope and pray for improvements

money121:


Yes proudly Daddy boy

Became landlord in lagos year 2018
That's the proof https://www.nairaland.com/4765255/see-photos-house-warming-ceremony


Show me your mansion and estate

Emi lo fe fi trend ni nairaland but online lo wa
You can talk anyhow
O ni jeun gidi

Alaraka

E can pain sha.....nice response, enjoy your daddy's boy status jare...... daddy's boy with class n style

Nairalander248:


Then was the same amount now

Just do this little calculation

How much was your dad salary then, how much is the salary of your dad's post now and calculate how much the salary would buy the cement now and then

No, it's not the same.
Calculate the percentage increament of his father's salary then and now and then calculate the percentage increament of the price of that cement then and now.
You will notice that of cement increases almost on daily basis while that of salary increases almost on 5-6 years basis.

Greenfusion:


E can pain sha.....nice response, enjoy your daddy's boy status jare...... daddy's boy with class n style

Thanks so much

Believing now that you are incharge of that house your father built with that amount, I sincerely hope you are mindful of the amount you collect as rent.🤔🚶🚶