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We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsWe Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai (19634 Views)

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Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by brain54(m): 6:05pm On Dec 21, 2025
HighQue007:
If life was simple wetin Fela dey sing about ?
Unborn kids too in 50years will think you had it easy not knowing you are complaining when your mate are taking advantage of the time
So the simplicity of life then is comparable to what it is now...?


You should have asked what I meant by simplicity of you don't understand!
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by ppogba: 6:07pm On Dec 21, 2025
KingDashx:
bros I get, I get investments plenty, my kids no fit suffer for this life.
Congratulations!
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by matify83: 6:07pm On Dec 21, 2025
I'm not sure the price is factual.

My dad bought a motorcycle in 1980 on loan for 135 naira. (CG 125 Honda)

How can a house be 100 naira?

Fact check please
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by oshonky: 6:07pm On Dec 21, 2025
The guy above doesn’t realize that the government can come one day and say they’re turning your property land to either a bustop or expanding road or even railway track Abi? Dey play
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Bahamas95(m): 6:08pm On Dec 21, 2025
When you tell your grandchildren you bought a car 8m in 20yrs time they would also scream.......
"Wow! Good old days"


They won't know you hustled day and night during tinubulation before you were able to buy it.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by MadamExcellency: 6:09pm On Dec 21, 2025
KingDashx:
bros I get, I get investments plenty, my kids no fit suffer for this life.
Pray hard they don't kill themselves because of the investments or become a nuisance to society because of privilege.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by matify83: 6:10pm On Dec 21, 2025
aribisala0:
Old age
I do not believe there was ever a time you could buy a house for 100 Naira in Lagos State
Exactly my write up above.

How much was a beatle VW or a 404 Peugeot car that a house will be 100 naira.

Amnesia at work.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by brain54(m): 6:11pm On Dec 21, 2025
MadamExcellency:
Pray hard they don't kill themselves because of the investments or become a nuisance to society because of privilege.
He should pray they don't sqanda and mismanage everything in 6 months...
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by judewrites: 6:11pm On Dec 21, 2025
Fast-forward to 2025, 100 naira can't even buy you a bottle of coke.

My late dad bought cars with thousands of naira in the 80's... this is inflationary impossible now.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by merits(m): 6:12pm On Dec 21, 2025
TruthHurts1:
https://punchng.com/we-bought-our-lagos-house-for-n100-in-1979-80-year-old-ex-diplomats-wife/
#100 that was like 100M nowadays tell me how many people can afford #100 that time to buy house,abeg nothing changes Nigeria is a recycling ♻️ of corruption & cheat nothing more
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by HacheNoire: 6:12pm On Dec 21, 2025
Cap!
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Timoleon(m): 6:12pm On Dec 21, 2025
AlphaTaikun:
That N100 was a lot of money back in 1979. I remember buying grilled meat (suya) for N20 back in 1982 and 2 of us could NOT even finish the large quantity. However, I wonder where in Lagos State she bought a house for N100? Perhaps the undeveloped suburbs or outskirts of Lagos.

As of late 1960s my grandfather purchased a large plot of land (on lease) in Lagos for £20. I saw the receipt myself back in the 1990s.
Make una try dey read. As civil servants, the fg gave them houses. To qualify for the opportunity however, they paid N100.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by MadamExcellency: 6:12pm On Dec 21, 2025
matify83:
I'm not sure the price is factual.

My dad bought a motorcycle in 1980 loan for 135 naira. (CG 125 Honda)

How can a house be 100 naira?

Fact check please
The house can't be N100 but subsidised. I remember, Mbakwe pegged school fees at N4 per pupil in Imo State. If school fees is N4, a house can't be N100 in Lagos State.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Timoleon(m): 6:13pm On Dec 21, 2025
merits:
#100 that was like 100M nowadays tell me how many people can afford #100 that time to buy house,abeg nothing changes Nigeria is a recycling ♻️ of corruption & cheat nothing more
Make una try dey read. As civil servants, the fg gave them houses. To qualify for the opportunity however, they paid N100.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Timoleon(m): 6:14pm On Dec 21, 2025
MadamExcellency:
The house can't be N100. I remember, Mbakwe pegged school fees at N4 per pupil in Imo State. If school fees is N4, a house can't be N100 in Lagos State.
Make una try dey read. As civil servants, the fg gave them houses. To qualify for the opportunity however, they paid N100.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by brain54(m): 6:14pm On Dec 21, 2025
My dad bought a brand new 504 car...

Tear rubber for 1500 naira in the 70's or 80's I'm not sure. But he used to proudly show us receipts!
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by AngelicBeing: 6:14pm On Dec 21, 2025
ppogba:
You are not far from the truth. This disproves the fact that N100 will be enough to buy a house then.
Read the report very well, she said it was a government scheme and I think it was given to buyers at a DISCOUNT RATE ooooo shocked
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by KingDashx(m): 6:14pm On Dec 21, 2025
Omo na wa oh
So make I carry am give charity??!
MadamExcellency:
Pray hard they don't kill themselves because of the investments or become a nuisance to society because of privilege.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Timoleon(m): 6:14pm On Dec 21, 2025
aribisala0:
Old age
I do not believe there was ever a time you could buy a house for 100 Naira in Lagos State
Make una try dey read. As civil servants, the fg gave them houses. To qualify for the opportunity however, they paid N100.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Nazgul: 6:15pm On Dec 21, 2025
aribisala0:
Old age
I do not believe there was ever a time you could buy a house for 100 Naira in Lagos State
The quote below clearly explains why she was able to buy the house in Satellite Town for that amount. If you had taken a moment to actually read the entire post properly, you would have seen it yourself instead of jumping to conclusions.

It was part of a 1979 government scheme where civil servants could purchase lots for N100. We applied, were successful, and were allocated the house. So, we moved into our home in Satellite Town, where my sewing business continued to grow.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Cum4me(m): 6:16pm On Dec 21, 2025
When a man gets to a new environment without his wife, he may begin another relationship. That is how cracks start in a marriage. When such cracks appear, it becomes difficult, sometimes impossible for a woman to mend them. Even if you later join him, another woman may already have positioned herself. This statement is intelligent
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by MadamExcellency: 6:17pm On Dec 21, 2025
Timoleon:
Make una try dey read. As civil servants, the government gave them houses. To qualify for the opportunity however, they paid N100.
Then there must be other deductions. She didn't state all the terms. Incomplete information in this case is deception or plain lies.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Timoleon(m): 6:18pm On Dec 21, 2025
BlackViper:
Didn't you read where she said it was a government scheme? Most likely it was heavily subsidised
Of course it was heavily subsidized. Nairaland is a mess. Too many people make comments without comprehending the subject matter.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Timoleon(m): 6:19pm On Dec 21, 2025
MadamExcellency:
Then there must be other deductions. She didn't state all the terms. Incomplete information in this case is deception or plain lies.
I hear you.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Tayorshd87(m): 6:20pm On Dec 21, 2025
RaptorX:
Not true, N 100 in 79 wasn't a lot of money.
What's d rate to present naira 🤔

When I and my brother do take #5 to school and we will eat and still have change on us
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by AAADE(m): 6:21pm On Dec 21, 2025
Tayorshd87:
#100 was a lot of money and it's like 100m now .

Not everyone too can afford it then as easy as it looks ..
It's not true
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by Anatolia: 6:22pm On Dec 21, 2025
I don't believe her unless it was corruptly obtained.
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by HighQue007: 6:22pm On Dec 21, 2025
brain54:
So the simplicity of life then is comparable to what it is now...?


You should have asked what I meant by simplicity of you don't understand!
As a matter of fact the simplicity of life now can’t be compared. Now is better. Then when there was no phone no internet where if you have your loved ones that travel miles you have to send letter and wait months to get a reply. The things you look down on now were not enjoyed even by the kings then. So I don’t know the context
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by HighQue007: 6:23pm On Dec 21, 2025
HighQue007:
Una problem be say una no understand Economics or life as a whole.

Life was never easy then. 100 naira then no be beans. You have to understand how inflation works. Haba

If life was easy wetin Fela dey sing about ?
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by tunapawizzy: 6:23pm On Dec 21, 2025
Well
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by brain54(m): 6:24pm On Dec 21, 2025
HighQue007:
As a matter of fact the simplicity of life now can’t be compared. Now is better. Then when there was no phone no internet where if you have your loved ones that travel miles you have to send letter and wait months to get a reply. The things you look down on now were not enjoyed even by the kings then. So I don’t know the context
You are hilarious...


Because the things you are listing is actually what's making life complicated.


Funny you don't understand the context or you are trying too hard to justify your comment!
Re: We Bought Our Lagos House For N100 In 1979 – 80-Year-Old Janet Brai by AlphaTaikun: 6:25pm On Dec 21, 2025
ppogba:
You are not far from the truth. This disproves the fact that N100 will be enough to buy a house then.
@ppogha

I just read the full article again. So the place she is referencing is Satellite Town back in 1979 and the houses were sold in "LOTS" cheaper than the average cost of houses at that time, so, she definitely isn't telling LIES.

By 1982, austerity measures had started setting in (due to the economic contagion of United States' increase in interest rates which affected the global economy and caused many countries to default in paying their loans back to the foreign creditors) when I purchased one of the best tasting N20 suya which myself and my buddy couldn't even finish. So, I don't blame you or anyone for suspecting or doubting the credibility of her initial story.


Read more insights right BELOW:

Key Context from 1979
Government Scheme: The Satellite Town project was initiated by the Federal Military Government in 1976 as an affordable housing scheme to help low-to-middle-income Nigerians, particularly civil servants and employees of large companies, own homes.
Payment Structure: Staff of participating companies were expected to contribute a maximum of 20% of their gross annual income towards the cost of the building units, with the government covering a significant portion of the cost (47%).


Intentionally Low Cost: The houses were designed to be inexpensive, reflecting a period when the government was actively intervening in the housing sector to provide affordable options. One anecdotal report from that time mentioned a house being purchased for as little as N100 in 1979, although this may have been under a specific, highly subsidized arrangement.
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