₦airaland Forum

1 bag of rice under Goodluck Jonathan was #7,500

While the nominal GDP per capita is often used to measure economic performance, PPP per person provides a clearer picture of individual wealth and well-being.

This distinction is particularly important when assessing economic well-being, as a high Gross Domestic Product (GDP) per capita does not always equate to high purchasing power if the cost of goods and services is also high.

A notable example of this disparity is Nigeria, which stands as the largest economy in Africa. Despite its strong economic output, Nigeria’s nominal GDP per capita is approximately $1,100. However, due to persistent inflation and currency devaluation, the actual purchasing power of Nigerian citizens is significantly weakened.

"Top 10 African Countries With The Highest Purchasing Power Per Capita In 2025." https://africa.businessinsider.com/local/markets/top-10-african-countries-with-the-highest-purchasing-power-per-capita-in-2025/6qezrfb

"Take away their recruitment source, reduce their purchasing power and slow down the economy....."

The useless buffons who mismanaged everything they fraudulent took over are still the same claiming to be the ones with the midas touch as far as the economy of Nigeria is concern.

PresidObi:
1 bag of rice under Goodluck Jonathan was #7,500

So sad even the overall sum here as bad as it has gone can't buy even a bag of rice today.

'Racoonous' racoon we don hear ooo. Shebi some purportedly printed N30T and we were all silent.

Seyi already said his Dad is the greatest Nigerian president ever. We already seeing the evidences.


Tinubu has been mandated to finish up destroying this country before 2027.

In 1999, a bag of rice in Nigeria typically cost between N2,000 and N2,500

kai kai kai

Everything is just turning around even as at that time to see that kind money is not that easy.My own prayer is that no matter the condition God should continue to bless me country hard, country hard na now some people dey build house and buy their own choice of car.
In the next era people will still refer to this time that things are more cheaper.

APC power!!!.

May God punish every APC supporter on nairaland and their enablers.

Few years ago,some posts get up to 1k likes on nairaland cos engagement dey,but this platform has been messed up that alot of persons no longer open nairaland.
You hardly see reasonable post get up to 300 likes these days.


Let them keep playing tribal card,while business is suffering

Buhari started the destruction and instead of the drug man to learn from buhari's cluelessness, he came and buried the carcasses left.
APC is something that shouldn't have happened to humanity. Useless people

What a shame!
OBIDIENTS saw this coming and warned y’all.

A big shame to all you impoverished mo’fvckers who ignorantly got bribed to vote Buhari and Tinubu only to suffer under their selected government.
A bigger shame to all you educated fools who wickedly did same and are now shuffering and shmiling.
The biggest shame go to most Nigerians who easily forgive and forget the trespasses of these losers ruining Nigeria.

Pablo is a plague upon Nigerians

PresidObi:
1 bag of rice under Goodluck Jonathan was #7,500

Very correct. I served in Sokoto State that year, my room mate and I will drop 4k each making it 8k. I will buy I bag of rice ₦7,600 the remaining 400 tfare. Nigeria was actually great then. But we no no

Baba Buhari major blunder is trying to help our local farmers. The criminals sees his genuine policy as a great opportunity to cash out too and we suddenly found ourselves in this mess.

The criminals will hoard their harvest, create artificial scarcity, sell to neighboring countries and still come back here to get free fertilizer from the FG.

Things fall apart

It will favour me and my family.

PresidObi:
1 bag of rice under Goodluck Jonathan was #7,500

APC Buhari came and destroyed it. Now it's Thiefnubuu turn 5o destroy it further.

It's well.

Obi really needs to step up or step aside.

He needs to put all cards on the table and start making statements like:

"Anyone planning to rigs 2027 elections should be ready for disintegration of Nigeria"

"We will not tolerate rigging in 2027, Nigerian will defend dia votes to dia last blood"

If Obi can't develop the mindset of Buhari in 2015, pls let him step aside enough is enough, I can't waste my votes again, Sowore will step up!

Thiefnubuu the criminal destroying what was left by Buhari. I will continue from where Buhari stopped. Una don see am bah. The tongue is very powerful. Be careful with it.

APC closed borders.

Very useless party and policies
But they can blend rubbish an import it for person to buy.

I doubt if the 10x of the total sum (N712,000) can purchase all the items now, In less than 10 years

Unfortunately, Tinubu is not on social media and his handlers have been told not to tell him the reality of Nigeria.
We'll begin the discussion when Tinubu and his crew leave the presidency.

PresidObi:
1 bag of rice under Goodluck Jonathan was #7,500

I bought bag of rice under Jonathan administration 4 #6,000

Na devil go punish these demons in power!!!!

Just less than 5yrs looks like 10decades in tinubu's APC government. Shame

This show APC administration really took us to perdition,to hell.
I remember even buying a bag of rice @ #14k foreign rice before those vampires seized power.

Tinubu don finish this Country

as an economist alot need to be explained on this