₦airaland Forum

Proudlyngwa:
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.

My brother i agree with you on self improvement. However midt people in thr private sector were on more than 8k monthly. I was already on 100k plus by 2007

2005 most people were on less than 8k salary, so what exactly is this guy yapping about

Proudlyngwa:
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

Putinofrussia:
So 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 got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

Putinofrussia:
So 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 got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

ibabz:
I will respond to you in due course. Right now I have issues with my glasses and I can’t really see clearly. I will respond after fixing my glasses. I won’t allow this misinformation slide unchallenged.

Putinofrussia:
It will get better.Nigeria was borrowing money to pay for fuel subsidy and defending fx.
When Buhari had problem borrowing,he printed 30 trillion naira,after he exhausted that,they use fuel to borrow money for 5 years.
Meanwhile,ASUU went on strike for 8 months because there was no money to pay them,workers,pensioners,doctors etc were owed money,airlines were owed $7 billion, Nigeria and states were going bankrupt and a load of other ills.
If it went on like that,it would have been worse than this and it might even end in another civil war.
A lot of people were stealing the little oil we were producing...powerful people in govt and out of govt and their cohorts.
It would be a battle for the fittest.
Now,according to FITCH ratings,Poor's ratings,World Bank,IMF...Tinubu has grown the economy (but not felt by the masses ).
Tinubu has paid off the $7billion,paid off IMF more than $3 billion he met on ground etc.

The pain we are going through is what is called transition pain that has eased than last year and it will get better.
Rome was not built in a day.
Go and write it down,before 2027,there will be prosperity for Nigerians.
The key word is a little patience.
For your information,Nigeria's fuel still remains one of the cheapest in Africa.
Previous govts tied our lives to fuel,reason any little hike in price will seem as if the world is ending.
That has stopped. Prosperity is here...soonest.

The United States of America's debt has ballooned to $36.7 trillion, and out of desperation, the U.S. Government is accepting donations from citizens to reduce its indebtedness. The United Kingdom is facing a debt crisis that has seen its budget deficit hit £20.7 billion, and its debt level is now the second highest on record. And the biggest economy in Europe, Germany, is grappling with a €118.8 billion budget deficit.

Meanwhile, in Nigeria, President Bola Tinubu has reduced our national debt from the $113.7 billion he inherited from General Buhari to $97.1 billion today.

This is even as he is building the two largest road infrastructure in Nigeria's history, the 1068 kilometre Illela-Sokoto-Badagry Superhighway, costing ₦13 trillion, and the 750 kilometre Lagos-Calabar Coastal Highway, priced at ₦15 trillion.

Yes, there are still challenges here and there, but Nigeria has made significant progress under Tinubu. And the world is noticing. This is why more countries are granting Nigeria's passport visa-free access, leading to the latest Henley Passport Index upgrading Nigeria's passport from the 97th strongest under General Buhari to the 88th most powerful passport on Earth today.

Image123:
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.




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.

Putinofrussia:
So 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 got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

alabo1:
My brother i agree with you on self improvement. However midt people in thr private sector were on more than 8k monthly. I was already on 100k plus by 2007

Putinofrussia:
So 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 got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

CorperKola:
B
Naso
The same propanganda they used to chase out Jonathan
Devil Incarnates
Always blaming the past leaders, even blamed Buhari from their own Party

BlackViper:
https://x.com/StatiSense/status/1953857600275001450?t=wPf_tNDHFgteL0OVVTlBYw&s=19[/quote]With 180k salary in 2008, you could do much compared to 500k in 2025

Putinofrussia:
So 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 got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

Putinofrussia:
So 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 got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

Putinofrussia:
So 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 got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

Proudlyngwa:
Most primary school teachers, cleaners, security , waiters were on less than 15k less than 10 years ago.

My brother 15k 10 years ago is like 150k now. Are they on 150k today. Dollar was 170 to 1 prior to Jonathan's handover. How much is it today? Let's us leave sentiments and be real please.

Putinofrussia:
So 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 got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

Putinofrussia:
So 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 got the gut to make these hard decisions that brings prosperity to Nigerians soonest..

Image123:
Of course, Dubai Mall, Dubai Metro and Burj Khalifa are propaganda to the ignorant.

VeeVeeMyLuv:
Walahi I keep telling people that fail to understand that no be life dem they live for Nigeria.

That is a subhuman existence.

Tnese present leaders are perpetuating grave horrific inhumanity on Nigerians

But it is shocking that some senseless Nigerians continue to sing and clap kumbaya for them

ernieboy:
so this present admin has laid foundations for Dubai mall etc?