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Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) - Business (5) - Nairaland

Nairaland ForumNairaland GeneralBusinessWorsening Economic Dynamics And Value Of Purchasing Power( Photo ) (27456 Views)

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Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Richlolly: 6:52pm On Mar 17, 2025
PresidObi:
1 bag of rice under Goodluck Jonathan was #7,500
That's untrue, it was in 2013 a bag of rice rose to #14k, reason why they were calling for Jonathan's replacement because he was no longer in control of the government. He didn't know what to do again. Northern Muslims eg political class started showing him hell because to them, he was not supposed to be in power. They claimed a Northerner was supposed to continue Yar'adua's administration. Bunch of idiots. They used insurgency, Boko Haram, to disorganize his administration and he became clueless until he lost to a higher level Mr. Clueless Buhari who worsened everything before Pablo's arrival. May God deliver us from the hand of Bulaba Pablo. His slaves call him strategist. Strategist my foot. They claimed he built Lagos. Maybe another Lagos and not the one in the South West of Nigeria.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Richlolly: 6:54pm On Mar 17, 2025
Even these prices had gone up as at this period.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Ray07(m): 7:21pm On Mar 17, 2025
Alliswell248:
No more subsidy.
Is this hard for you to comprehend.

Trust the process. It would come down with time
Trust the process till you are 6ft down the ground because of hunger. Naso them lie give your parents e go better years back . . .

Tell me what has gotten better in Nigeria as a country?
Tell those lies to your kids if you have any.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Alliswell248: 7:25pm On Mar 17, 2025
Ray07:
Trust the process till you are 6ft down the ground because of hunger. Naso them lie give your parents e go better years back . . .

Tell me what has gotten better in Nigeria as a country?
Tell those lies to your kids if you have any.
Send me your account details if you are hungry.
Not everybody is hungry if you are.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Ray07(m): 7:38pm On Mar 17, 2025
Alliswell248:
Send me your account details if you are hungry.
Not everybody is hungry if you are.
You guys usually quote if anyone complains about the life suffocating gov on board. Surprised I wasn't tag igbo.

This is why you and I are different. You only think and care about yourself while I worry about the kids, families that would to bed hungry this night.

Have a nice evening Mr Musk.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by LOVEGINO(m): 7:41pm On Mar 17, 2025
PresidObi:
1 bag of rice under Goodluck Jonathan was #7,500
Nigerians no want peace.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by chubbyswit(m): 8:13pm On Mar 17, 2025
madridguy:
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.
I marvel at the way some of you people think. Are you a slave, robot, manquine, demon which one are you? Some of you will defend even the devil when every other person is seeing clearly.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Originalsly: 8:16pm On Mar 17, 2025
ivandragon:
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...
I wish more people can be reasonable like you. This is how one should make the comparison and not just by comparing sticker price.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by madridguy(m): 8:44pm On Mar 17, 2025
Chibuzor, seems the every Monday flogging is already affecting your system.


chubbyswit:
I marvel at the way some of you people think. Are you a slave, robot, manquine, demon which one are you? Some of you will defend even the devil when every other person is seeing clearly.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by themanderon: 8:55pm On Mar 17, 2025
This is the kind of change APC brought to us and still they don't want us to talk.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by id4sho(m): 9:12pm On Mar 17, 2025
Thomthom:
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
By March 2015, a bag of rice was going for 15k
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by AfonjaPriest: 9:25pm On Mar 17, 2025
Na wao!
How time flies.
In March of 2023, I bought a half-bag of rice for N16000.
Tinubu has destroyed this country.
He is a terrible ruler.
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Sicklebear28: 10:52pm On Mar 17, 2025
NavasBit:
Inflation is worldwide. Some people just sit and text nonsense
Shut that your stupid mouth
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Sicklebear28: 10:54pm On Mar 17, 2025
madridguy:
Chibuzor, seems the every Monday flogging is already affecting your system.
.FreeStuffsNG, yarimo, WriterNG, helinues, God1000, CoronaVirus, madridguy, other nacortic sons....

Just look at them bunch irredeemable
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Bobbynobobby: 4:10am On Mar 18, 2025
Thomthom:
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
'Nigeria was actually great then'
Smh this one weak me oo
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Kindheartedd: 4:37am On Mar 18, 2025
I bought a bag of rice for 10,000 for my inlaws I can't forget.

They delivered it to them free of charge, I just paid and dropped their address for delivery. We were complaining then now, me I no dey complain again. I rather give thanks.

Back in 2012, I give my grandma 10,000, that was more than enough to buy a bag of rice. I give her 50k now, not enough to buy half bag of rice. Yet my dad complains I give her too much. Hmmmmmmm
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Dyfynezz12(m): 7:54am On Mar 18, 2025
merits:
Wonderful 👍 congratulations 🎉👏 more blessings by God grace.
Thanks,Amen
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by officialfestus(m): 8:02am On Mar 18, 2025
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by amadaamy: 9:54am On Mar 18, 2025
Please take us back to when cost of goods and services was fair. embarassed embarassed embarassed embarassed







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Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Amalekki: 12:16pm On Mar 18, 2025
GREATPIN77:
The minimum wage then can get the bag of rice and additional stuff unlike the minimum wage now that can't get it.
What were the minimum wages then?
Re: Worsening Economic Dynamics And Value Of Purchasing Power( Photo ) by Amalekki: 12:19pm On Mar 18, 2025
patrickcollins:
Nigeria is not up to 235 million, don't defend APC incompetent leadership
What's Nigeria's population?

Just curious as I did not manufacture that estimate figure, there is a source grin
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