Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) - Business (4) - Nairaland
Nairaland Forum › Nairaland General › Business › Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) (27536 Views)
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by symbianDON(m): 5:31pm On Mar 17, 2025 |
PresidObi:I used to buy at Parakou for N4,500 |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Factcheck0001: 5:31pm On Mar 17, 2025 |
Ogurube:obi Mumu that wants us to hand over government to the same man they cursed as governor of anambara |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by nairalanda1(m): 5:33pm On Mar 17, 2025 |
Factcheck0001:But APC came in with the idea that things should be better...that that price of rice should be less than 6000 naira As you can see, things are worse. |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Factcheck0001: 5:37pm On Mar 17, 2025 |
nairalanda1:can obi do better? His records in anambara says otherwise If u bring any new person that have never governed before I can still agree but if I am to pick between obi, tinubu n atiku. I will always pick tinubu |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by nairalanda1(m): 5:38pm On Mar 17, 2025 |
Factcheck0001:Why not pick.....yourself? |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Factcheck0001: 5:41pm On Mar 17, 2025 |
nairalanda1:oga I have not reached that level n I won't lie to myself I will still pick someone like sowore self but don't bring anyone who have been dere before n failed woefully n paint him as a Messiah to me |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by uuzba(m): 5:42pm On Mar 17, 2025 |
Factcheck0001:I pick you! |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by ravensckar(m): 5:44pm On Mar 17, 2025 |
nairalanda1:No one is measuring our economic performance solely by rice, however, it's an example of how hyper-inflation has messed up our economy. Apart from rice, the prices of several other goods and materials have increased astronomically making them rather unaffordable. The issue here is how the economic policies of this clueless government has further impoverish the people. Anyone who is still supporting TINUBU'S ECONOMIC POLICIES needs to have a brain transplant. Dude is super clueless! |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by nedekid: 5:44pm On Mar 17, 2025 |
helinues:Hellsanus too |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by merits(m): 5:49pm On Mar 17, 2025 |
Dyfynezz12:Wonderful 👍 congratulations 🎉👏 more blessings by God grace. |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by merits(m): 5:50pm On Mar 17, 2025 |
maxiuc:Another good 👉 point. |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by nairalanda1(m): 5:53pm On Mar 17, 2025 |
ravensckar:Yes that's true....but the thing is, one could say the same about our economy between that time and say GEJ time. The problem is, forget APC and PDP....Nigeria's economy is so dependent on subsidised living,based on revenue from oyel. And we should have made the hard choice decades ago to become a productive economy. |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Factcheck0001: 5:54pm On Mar 17, 2025 |
uuzba:go bring money for campaign now, Mr picker |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by hatchy: 5:55pm On Mar 17, 2025 |
xpressionx:....Idiots like Hell-Anus, Seunmsg, FreeStuffsNG, and other tribal bigots here, may God pour hot oil on you and your entire family for supporting this evil man. Tinubu is a terrible president. |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by OlofofoCorner: 5:57pm On Mar 17, 2025 |
PresidObi:How many Nigerians can afford that 7,500 naira . |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by bentenny(m): 5:59pm On Mar 17, 2025 |
moscow007:Wike made these statements in 2015 against Buhari and APC....today,he is the oppressor! Buhari made similar statements before he became president...the moment he became president,he started arresting all his political opponents and banning social media platforms that gave him and apc a voice...after 8 pathetic years of maladministration,he still holds the infamous title of being the worst president of Nigeria! What about Adams oshiomole who under NLC was a fighter,activist and outspoken? Infact Sowore did half of what Oshiomole did during his time as president of NLC! Where is he today? Is he not a glorified posterboy for Tinubu? Shamelessly wearing Tinubu signature cap with pride? What about festus keyamo,the lawyer and human right activist who was seen as the man to take over from his mentor Gani Fawehinmi! Is he not in the pocket of your oppressor? Stop waiting for a messiah and collectively demand for your rights as citizens! If you like put Sowore there and he will turn out to be another oshiomole! Actions speak louder than empty words! Civility is not a sign of weakness or crudity,a sign of strength! Obi will be fine even if he doesn't become president...what about you? |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by GREATPIN77(f): 6:00pm On Mar 17, 2025 |
Amalekki:The minimum wage then can get the bag of rice and additional stuff unlike the minimum wage now that can't get it. |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by GREATPIN77(f): 6:03pm On Mar 17, 2025 |
Alliswell248:Between 1999 to 2003, minimum wage averaged N3,000. That would get you 1& half bags or rice or 1 & one quarter bags. In 2014, minimum wage of N18,000 would gey you 2+ bags of rice at N8,000 per bag. Today, the minimum wage of N70,000 cannot buy a bag of rice... Did you now see that Tinubu is terrible? |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Nobody: 6:06pm On Mar 17, 2025 |
only titus sardine and rice in that invoice is 150k now... |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by GREATPIN77(f): 6:07pm On Mar 17, 2025 |
helinues:Stipend collector |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by easzypeaszy(m): 6:09pm On Mar 17, 2025 |
My Salary then was 75k So in reality I can't even afford half of dose. Now my salary is X5 of that, yet I can't afford half of it 😭😔😭 |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by GREATPIN77(f): 6:10pm On Mar 17, 2025 |
Omoboricash:Between 1999 to 2003, minimum wage averaged N3,000. That would get you 1& half bags or rice or 1 & one quarter bags. In 2014, minimum wage of N18,000 would gey you 2+ bags of rice at N8,000 per bag. Today, the minimum wage of N70,000 cannot buy a bag of rice... Have you seen the difference?? |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by GREATPIN77(f): 6:12pm On Mar 17, 2025 |
nairalanda1:Between 1999 to 2003, minimum wage averaged N3,000. That would get you 1& half bags or rice or 1 & one quarter bags. In 2014, minimum wage of N18,000 would gey you 2+ bags of rice at N8,000 per bag. Today, the minimum wage of N70,000 cannot buy a bag of rice... Have you seen the difference?? |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by GREATPIN77(f): 6:13pm On Mar 17, 2025 |
Factcheck0001:I will pick anybody but Tinubu |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by netmillionaires(m): 6:25pm On Mar 17, 2025 |
There are so many things responsible but I don't have the time for long discussions. If you notice my posts on NL, you will notice that I only chip in one post, respond once or twice, and disappear. Even if you respond and I don't agree with your response, I won't reply because time is valuable. I still have about 5 projects to execute as I am typing. Obasanjo's government was favoured because our debt was canceled and we had the opportunity to concentrate on nation building but instead of building the nation, we were borrowing more to steal. The ill effect wasn't felt immediately but accruing. We were complaining of no light, no fuel, no water etc, Then Jonathan came. He foresaw this problem we are facing now but when he tried to tackle the problem, we complained. Even when we didn't have a good refinery, he tried to remove the subsidy. If he had done that, things would have become costly but not this much since we were importing foods then and we might have passed this phase. But we will wail all the same. We play too much dirty politics in Nigeria. We have an increasing but unproductive population and no patriotism. Too many ills to mention. During Jonathan's government, the opposition especially the north played bad politics and formed Boko Haram to frustrate him. Local food production was already affected but we didn't feel it because we were importing food. Buhari came and blocked importation to favour his people without addressing the insecurity. Even ignoring the insecurity might be a master strategy to achieve an aim. Then we have insufficient local supply and low importation which were mostly smuggled. The effect was an increase in price. Tinubu came and tried to solve another issue without addressing the food shortage. Transport become costly, affecting all sector of the economy... Managing an economy is a complex issue. Taking care of one issue always entails sacrificing another. Increasing wages will increase cost of production. If the cost of production becomes more favourable in a neighboring country, companies will leave your country resulting in few or no jobs and an increasing crime rate. Not increasing salaries means increasing poverty if no local production to force down prices. So you need to strike a balance. Okay! Let's increase production. Some people will create insecurity to frustrate you. Try to tackle the insecurity, then you hear "See they are killing our people" Naija tire me... All these oppositions talking trash now will have the same problem when they get there and their supporters will switch from waivers to supporters of the ills. Our main problem is unity of purpose. In Nigeria. Successive governments don't agree, parties don't agree, tribes don't agree etc. We don't say this is where we want to be in 50 years and work towards it together. Another government will come in to create it's own plans and actions and we continue to move in a circle like the old israelites. If you say, lets control the birth rate, some people will bring religious argument. Okay! If you want more population, your people must work. Haa... They are attacking our people and we will not vote you again. Thomthom: |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by harsysky(m): 6:35pm On Mar 17, 2025 |
madridguy: I never knew you reason well. I had already taken you as someone who leaves his brain in the bush before setting out. If your comments had always come with these sort of analysis, I would be running to search for your comments on Nairaland. Kudos for this one! |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by ScarletBrace(m): 6:38pm On Mar 17, 2025 |
madridguy:Shut up joor . Help local farmers fire. Buhari that supported herdsmen trying to establish Ruga, openly supporting open grazing. ![]() |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Oakenshield: 6:39pm On Mar 17, 2025 |
PresidObi:but u voted for BUHARI the calamity |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by PresidObi: 6:40pm On Mar 17, 2025 |
Oakenshield:God forbid. |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Finchmgh: 6:43pm On Mar 17, 2025 |
Racoon:And you guys were still busy complaining and abusing President Buhari. Go to hell with your complain |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Oakenshield: 6:45pm On Mar 17, 2025 |
PresidObi:So if GEJ comes back to protest Tinubu go get sleepless night. Because vote were him go get Tinubu go just the cry |
| Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by sodiqajibola(m): 6:48pm On Mar 17, 2025 |
Titus is now 53000, Dano is 3000 and reduced to 320g. |
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