₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense - Business - Nairaland
Nairaland Forum › Nairaland General › Business › ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense (17146 Views)
| ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by BlackViper(op): 5:42am On Aug 09, 2025 |
LET'S MAKE SENSE OF THIShttps://x.com/StatiSense/status/1953857600275001450?t=wPf_tNDHFgteL0OVVTlBYw&s=19 23 Likes 3 Shares
|
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by wizelink: 6:14am On Aug 09, 2025 |
Oh boy who do Nigeria this? This is a very serious issue and it is even worsening the more. APC to hell with you and whoever that brought you in Nigeria. God have mercy. 183 Likes 5 Shares |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Putinofrussia: 6:48am On Aug 09, 2025*. Modified: 11:53am On Aug 16, 2025 |
So also is 100k in 2006 cannot buy what 8k can buy in 1987. In1990, a 50kg bag of rice cost N350. In 2006, a 50kg bag of rice in Nigeria cost ₦6,000. In 2025,a 50kg bag of rice cost N70,000. Let us do the maths. 6000 divided by 350 gives ~ 17. 70,000 divided by 6000 gives ~ 11.6= 12(approx) Comparing the two with the space of 16 and 19 years,Tinubu has done better because price went up 17 times in 1990 (space of 16 years to 2006) even with the fraudulent Fuel Subsidy. In 2025,with the removal of the fraudulent Fuel Subsidy,price only went up approximately,12 times (and things are still coming down exponentially, we pray) Kudos to President Tinubu for having got the gut to make these hard decisions that brings prosperity to Nigerians soonest.. 107 Likes 12 Shares |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by kettykin: 6:56am On Aug 09, 2025 |
This is becoming very serious, in a space of 10 years , Nigeria's economy has been gutted by a single individual and his warped economic views 49 Likes 1 Share |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by EyeCumInPiss: 7:08am On Aug 09, 2025*. Modified: 2:09pm On Aug 09, 2025 |
Fun fact: Do you know that one seed of Groundnut🥜 is now worth over ₦5. Next time you buy ₦200 groundnuts, take time to count them. They are not up to 40 seeds.  89 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by EyeCumInPiss: 7:10am On Aug 09, 2025 |
helinues:So salaries and incomes have increased in same proportion.  Be like say na Indomie full your brain. 126 Likes 5 Shares |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Sheuns(m): 7:10am On Aug 09, 2025 |
Yet one man came to tell us that his boss’ 2 years duration as president is better than Obj’s 8 years. Like say no be this country we all they together. 26 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Putinofrussia: 7:19am On Aug 09, 2025*. Modified: 10:54am On Aug 09, 2025 |
EyeCumInPiss:Give kudos to the first class accountant,please. In1990, a 50k bag of rice cost N350. In 2006, a 50kg bag of rice in Nigeria cost ₦6,000. In 2025,a 50k bag of rice cost N70,000. Let us do the maths. 6000 divided by 350 gives ~ 17. 70,000 divided by 6000 gives ~ 11.6= 12(approx) Comparing the two with the space of 16 and 19 years,Tinubu has done better because price went up 17 times in 1990 (space of 16 years to 2006) even with the fraudulent Fuel Subsidy. In 2025,with the removal of the fraudulent Fuel Subsidy,price only went up approximately,12 times (and things are still coming down exponentially, we pray) Kudos to President Tinubu for having got the gut to make these hard decisions that brings prosperity to Nigerians soonest.. 37 Likes 3 Shares |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by helinues: 7:35am On Aug 09, 2025 |
EyeCumInPiss:The issue with some of you is, you are not exposed to the reality around the globe. The Kenya gen Z protest which was about the finance bill, 90% of the bill have been passed which makes the price of things to go up. Have they also increased their wages and salary? Garri generation 30 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Osiris12: 7:41am On Aug 09, 2025 |
To the guy above, cry harder hehehehehehehe 1 Like |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by helinues: 7:51am On Aug 09, 2025 |
Putinofrussia:Those who are in the opposition are known not to know Jack about governance. They should tell us in the last 5 years, which Africa. Countries have increased their minimum wage even upon their low purchasing power. Their wailing and nagging is now becoming generational 27 Likes 1 Share |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Baxilexi(m): 8:00am On Aug 09, 2025 |
helinues:This feels like putting pins in my eyes but I have to respond to this anomaly. Just because African leaders are cousins to satan doesn’t mean other leaders are. Read please… 14 Likes
|
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by helinues: 8:02am On Aug 09, 2025 |
Baxilexi:You did not address anything because your attached screenshot is not related to my comments The purchasing power is what gives Nigeria edge not just above other African countries but globally( Reasonably). How much is the price of basic things anywhere compared to Nigeria? 19 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by specialmati(m): 8:06am On Aug 09, 2025 |
helinues:  former chairman agbero chairman nairaland branch, agbero chairman came to position Nigerians with bullion vans the man agbero union over hyped 18 Likes 1 Share
|
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Baxilexi(m): 8:13am On Aug 09, 2025 |
helinues:Then read up consumer price index and basket of goods and services. Minimum wage in most countries is calculated based on these realities. How you hate your own kin and kit is bemusing to me. Staying obtuse and supporting a fallacy that Nigerians have it better now than ever is mind boggling. What is the true value of our minimum wage? Compared to that of South Africa(which raised its minimwage this year)? 20 Likes
|
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Dynamicboss: 8:15am On Aug 09, 2025 |
Putinofrussia:Which kudos? People are extremely hungry please! 19 Likes 1 Share |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Draslo(m): 8:33am On Aug 09, 2025 |
By all means, let's blame one person. That's what happens when you peg your currencies against the USD 4 Likes 1 Share |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Godjone(m): 8:33am On Aug 09, 2025 |
Nigeria is gone except we allowed the person who will be prudent in finance to handle the country and the person is no other but OBI 18 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Dogalmighty17: 8:34am On Aug 09, 2025 |
I bought a 50kg bag of foreign rice for a friend's wedding for 6k then. 7 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by omoredia: 8:34am On Aug 09, 2025 |
Is all down to leadership. The lawlessness that made KWAN1 misbehave because Tinubu is his person is the same one that will make others misbehave with other things cos the leader is also lacks competence like them 9 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Proudlyngwa(m): 8:35am On Aug 09, 2025 |
Rubbish analysis Let me book space first 2009, i was earning 50k Now i earn around far far more than that, 2009 i was staying in a single room Now i rent a full compound if you have not improved yourself that is your problem. 2005 most people were on less than 8k salary, so what exactly is this guy yapping about 5 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by PlayerMeji: 8:35am On Aug 09, 2025 |
Devaluation of the Naira.. That's what caused this.. 2 Likes 1 Share |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Fuckinecng(m): 8:35am On Aug 09, 2025 |
[color=#990000][/color] KEEP DEFENDING RUBBISH............WITH...... 30K MONTHLY STIPEND WHILE YOUR MASTER ARE LIVING LARGE WITH THIER FAMILIES WHILE YOU ENJOYING UR CRUMB in pieces.....also is 100k in 2006 cannot buy what 8k can buy in 1987. In1990, a 50k bag of rice cost N350. In 2006, a 50kg bag of rice in Nigeria cost ₦6,000. In 2025,a 50k bag of rice cost N70,000. Let us do the maths. . 6000 divided by 350 gives ~ 17. 70,000 divided by 6000 gives ~ 11.6= 12(approx) Comparing the two with the space of 16 and 19 years,Tinubu has done better because price went up 17 times in 1990 (space of 16 years to 2006) even with the fraudulent Fuel Subsidy. In 2025,with the removal of the fraudulent Fuel Subsidy,price only went up approximately,12 times (and things are still coming down exponentially, we pray) Kudos to President Tinubu for having gotten the gut to make these hard decisions that brings prosperity to Nigerians soonest.. KEEP DEFENDING RUBBISH... 5 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Draslo(m): 8:35am On Aug 09, 2025 |
Putinofrussia:Every major news agency regardless of its owner and political alignment, are best recovery in decades in this country. Why isn't there more of those kinds of news?! |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Mrchippychappy(m): 8:35am On Aug 09, 2025 |
2006 is too far. Try just 10 or 11 years ago. Compare the timeline of 2011 to 2015 and then 2015 to today. These hateful people had no plans to rule. They just wanted to hijack power and rebranded their desperation as some kind of save Nigeria project while spewing out hateful ethnoreligious rhetoric. I still can't believe how some Nigerians fell for all their gimmicks. Well there are consequences for being naive and that's what we have today. Better luck next time Nigerians 8 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by malali: 8:36am On Aug 09, 2025 |
Nearly 3 years in, currency devaluation and subsidy removal haven’t lowered prices. Interest rates at 30% crush retirees and the vulnerable, over 70% of Nigerians lack formal paychecks to cope. The government’s silence on targeted relief deepens suffering, families struggle with basics, small businesses fail, and poverty worsens. 3 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by Image123(m): 8:36am On Aug 09, 2025*. Modified: 9:00am On Aug 09, 2025 |
Life is reduced to a bag of rice. Na wa oh. What of agbado? Crude oil US $65.14 × ₦127 ≈ ₦8,275 per barrel (2006) US $70.55 × ₦1,550 ≈ ₦109,352 per barrel (2025) FX issues. $100 = 12,700naira official rate. $100 = 155,000naira. MemphitzDgreat1:If OBJ did what his mates were doing with dollars, we'll not be where we are today. He and Atiku built their personal business while Dubai was building their metros, Dubai mall, burj khalifa and co. Dubai Metro started construction 2006. Cost: ≈ US $7.6 billion Burj Khalifa started construction 2004. Cost: ≈ US $1.5 billion Dubai Mall started construction 2004. Cost: ≈ US $1.2 billion (Before you say maybe money no dey) Obasanjo government had committed approximately US $16 billion to electricity with nothing to show. You can guess where the money went. It was the same period that they sold PHCN and NITEL. Please, don't tempt the truth. 9 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by AngelSlay: 8:36am On Aug 09, 2025 |
Back in January 2006, the Consumer Price Index (CPI) was 67.4. By December 2024, it had jumped to 867.8 — that’s a whopping 1,187% rise in prices. To put it in perspective: if you had ₦8,000 in 2006, you could buy the same goods and services that would now cost you about ₦102,939 in 2024. In other words, ₦100,000 today has roughly the same buying power as just ₦8,000 back then. This isn’t just a statistic — it’s a wake-up call. The money in your pocket silently loses value over time when prices rise faster than your income. That’s why keeping cash idle is dangerous; it’s like leaving ice in the sun. Investing, saving in value-preserving assets, or creating extra income streams are not luxuries anymore — they’re survival strategies. If you’re still thinking in “face value” instead of “real value,” inflation is already winning. 5 Likes |
| Re: ₦100k In 2025 Cannot Buy What ₦8k Could Buy In 2006 - StatiSense by MemphitzDgreat1(m): 8:37am On Aug 09, 2025*. Modified: 1:30pm On Aug 09, 2025 |
Na wetin Daniel Bwala say Tinubu better pass Obasanjo be this? 1 Like |
Naira Makes List Of 15 Worst Currencies Against The US Dollar - Statisense • See What ₦100 Could Buy In The 1980s • Ibiza: Obi Cubana Shows The First Club He Built In 2006 (Photos, Video) • 2 • 3 • 4
Konica Minolta Direct Image Digital Printer (fairly Use)08033264815 • Starting An Advertising Agency In Nigeria • Dangote Refinery Ramps Up Production With US Crude – Bloomberg