₦airaland Forum

nairalanda1:
Actually, read the article in the picture...the guy was complaining about prices increasing since the second republic.

Times have always been hard.

The problem with your analysis, is that you are assuming people earned 75000 naira as minimum wage then. They did not, minimum wage was between 125-250 back then

I attach the article..read paragraph 2 and 3

Democracy did not make anything worse. What is happening is simple. We run a resource dependent economy, so what we have is depreciation. When we start doing the hard wrokd for industrial economy, we won't be suffering like this.

Both army and democracy are to blame. Even if we bring back army tomorrow...unless they have a blueprint like General Park of South Korea, forget about improvement.

I did not say tinubu is good or he has done well, I never vote for am.

Your analysis is on point.
I was a boy when Gowon was overthrown by Murtala Mohammed. I have experienced both the military and democracy era in Nigeria.
In my overall judgment, the military performance much better than this our democracy since 1999.
Come to Abuja, many of the iconic infrastructure were built by the military, Aso Rock Villa, NNPC towers, Abuja Central Area, National Mosque and National Christian Center, Old CBN building, Force Headquarters, Defense, Headquarters, National War College, International Conference Center ( recently Renovated by Wike), National Medical Center Gwagwalada,the list goes on.
Warri refinery, Port Harcourt refinery, Kaduna refinery. All major Port's in the Country. The list goes on.

Insecurity was not tolerated.
Let me not talk about the naira to dollar rate, because that is a huge failure on our economy.
After 26 years of democracy, Nigeria democracy is still struggling to break the outstanding record's of the military.

Treasure17:
Read bean 100kg 420? Wow. Your account balance will enter red to get 100kg now.

Weytin a single person wan carry 100kq of beans do in the 1st place?

mosicola:
It reminds me when ashawo was 100 naira. How times flies

yeah up till 2004 or so.it was 100 naira per round then.

By the thieves out side aso rock, so they can enter and quantiniue from where dey stopped.quote author=christejames post=135963616]Forget the past joys for now and join hands with ADC as we push out the thieves in Aso Rock that has made us to lose such enjoyment!


#RigAndDie[/quote]

onyxo76:
yeah up till 2004 or so.it was 100 naira per round then.

Blood, I sight you even from a distance. It is now 2k depending on the location

Olamideayomide:
That's real Nigeria when APC rogues never takeover power ..

Everything is getting worse everyday make God help man in Nigeria this days

Yet our parents were complaining then about hardship

As at the said year (1989), those prices were already considered to be expensive; and IBB's Structural Adjustment Programme (SAP) was already sapping Nigerians big time. As at that time, a tin of Peak milk was N2:00 but 10 years before that time (that is 1979), N2:00 could get you a carton on Peak milk

All these are too expensive. In my secondary school days(in form two), in the early 80s, a bag of rice was N70, a cartoon of milk was N26, a bag of salt was N12 and a cartoon of veg oil was N39. It was when IBB introduced SAP(structural adjustment programme) that price of commodities started going up, from 1985. There was a country indeed.

davodyguy:
Help us with the Minimum wage for that year please

Minimum wage was #125 in 1989 and later spiked up to #250 and a bag of rice was #600

Nigerians don dey suffer tey tey.
Was there anytime that the minimum wage could buy a bag of rice?

Putinofrussia:
Minimum wage was #125 in 1989 and later spiked up to #250 and a bag of rice was #600

Nigerians don dey suffer tey tey.
Was there anytime that the minimum wage could buy a bag of rice?

😂

Appears better now, as ₦70,000 can buy bag if rice now.

😆

Olamideayomide:
That's real Nigeria when APC rogues never takeover power ..

Everything is getting worse everyday make God help man in Nigeria this days

You're a kid then. In 1989, under IBB, things were rough. I was in school then and there's no power supply stability.

LegendHero:
Even when rice sold for N800 per bag, people no still fit afford am.

Infact when it sold for N300, people still dey buy only congos. Nigeria problem is more of lesser wages which limit what amount of goods people can actually buy at a given time.

Yes, I remember 2013 I bought 50kg at price of 8k and carton of Tin tomatoes when I was undergraduate, I was struggling but could afford food, food can't be problem then. This party called APC are evil, wrecked our economy.

I'll love to see a yearly market survey


Follow up till date

How many people can afford to buy quarter bag of rice then, even some house hold eat rice only on festivals then, when bag of cement was 5# people were still building houses with bricks and bamboo. Please stop all these yeye statistics.


IRE O

Omihanifa:
There was a country in this country. Only God can help us

god doesn't help lazy people who refuse to go to the family

Omihanifa:
There was a country in this country. Only God can help us

god doesn't help lazy people who refuse to go to the fam

columbus007:
We are in it together but it's not fair actually the drastic change they brought upon us, they want us to be like the UK and the rest, look at how everything have turn out to be now.

how was drastic did you not notice as the price was going up that's over 40 years ago what have you been doing for 40 years

LegendHero:
Even when rice sold for N800 per bag, people no still fit afford am.

Infact when it sold for N300, people still dey buy only congos. Nigeria problem is more of lesser wages which limit what amount of goods people can actually buy at a given time.

much less wages lesser productivity you cannot be family with how and cutlast after 60 years after colonists left

Olamideayomide:
That's real Nigeria when APC rogues never takeover power ..

Everything is getting worse everyday make God help man in Nigeria this days

God will not help us.
We will help ourselves fight out these thieves and place in a young strong capable president, we are tired of of my grand father's age with nothing on their head and nothing to offer as presidents

It begins with us.
If we want a better country which us New Nigeria but we never ready jareee. Let's kwantinu to enjoy the drama brr

ceejay80s:
God will not help us.
We will help ourselves fight out these thieves and place in a young strong capable president, we are tired of of my grand father's age with nothing on their head and nothing to offer as presidents

If you don't have any tangible things to say better you keep your head straight Methuselah.

davodyguy:
You're a kid then. In 1989, under IBB, things were rough. I was in school then and there's no power supply stability.

But not as bad as things are now, everything keep getting worse everyday without any solution ahead.

Xammie001:
Yet our parents were complaining then about hardship

Olamideayomide:
But not as bad as things are now, everything keep getting worse everyday without any solution ahead.

I got a Gist from my MD today, it won't get better till we fight the western world.
They are incharge of our inflation while their inflation rate is stable or little percent increase, they force ours by making sure we don't have enough not to talk of excess to crash inflation

onyxo76:
yeah up till 2004 or so.it was 100 naira per round then.

seriously bro. I know you are talking from experience