₦airaland Forum

donleo92:
But it was easier to get jobs then, compared to what we have now

aribisala0:
Old age
I do not believe there was ever a time you could buy a house for 100 Naira in Lagos State

HacheNoire:
What percentage was subsidized for the final payment to be 100 Naira

You can’t just sell some lies!

How can you tell me government subsided a whole house to 100 Naira!

femi4:
It was one of those goverment schemes

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, she and her spouse bought a house in Satellite Town in Lagos State for N100 through LOTS or BALLOTS. That Satellite Town area belonged to the indigenes of that area before being leased from them and compensations paid.

It was also located (as of 1976 when the Satellite Town construction started to 1979) in the undeveloped suburbs or outskirts of Lagos State.

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.

KingDashx:
bros I get, I get investments plenty, my kids no fit suffer for this life.

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

aribisala0:
Old age
I do not believe there was ever a time you could buy a house for 100 Naira in Lagos State

aribisala0:
Old age
I do not believe there was ever a time you could buy a house for 100 Naira in Lagos State

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, she and her spouse bought a house in Satellite Town in Lagos State for N100 through LOTS or BALLOTS. That Satellite Town area belonged to the indigenes of that area before being leased from them and compensations paid.

It was also located (as of 1976 when the Satellite Town construction started to 1979) in the undeveloped suburbs or outskirts of Lagos State.

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.

ppogba:
You are not far from the truth. This disproves the fact that N100 will be enough to buy a house then.

TRIXIA:
Let me explain to you. You don't understand how beautifully planned Nigeria was back then
There was a housing lottery scheme wherein you apply.
Different states and areas had different prices.
Someone I know got shagari estate back then for 60 naira
Not everyone gets o.
And 100 naira was like valuable money back then.
Then they were begging people to leave back then. People saw it as punishment back then when told to travel to Poland, Canada etc.
Talking from paternal experience. They go for training and run back into Nigeria. Several foreigners were in Nigeria then.
Nigeria was a big deal back then before Babangida fell for the trap in 82.

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

Zuckembego:
Population is a factor! Number of graduates should also be considered

MadamExcellency:
One Naira was two pounds as of 1979. I remember our goods were quoted in pounds and naira back then. But life wasn't as glamorous as it's today. People don't go to the market to buy a bag of rice to keep. You buy the one to cook at a time, there was no mad rush in life.

People were content with what they had. Integrity and honesty were currencies then. Politics was for the people's choice, and accountability was a minimum requirement for officeholders.

ppogba:
TOTALLY AGREE WITH YOU.

Mama brain don dey touch small small.

emmabest2000:
How much was one dollar then ?

Calculate minus and subtract let see how it goes

Svoboda:
I think you were born yesterday, so your gen z restlessness won't allow you understand that a civilized world had existed beyond your curiosities.

aribisala0:
Old age
I do not believe there was ever a time you could buy a house for 100 Naira in Lagos State

MadamExcellency:
One Naira was two pounds as of 1979. I remember our goods were quoted in pounds and naira back then. But life wasn't as glamorous as it's today. People don't go to the market to buy a bag of rice to keep. You buy the one to cook at a time, there was no mad rush in life.

People were content with what they had. Integrity and honesty were currencies then. Politics was for the people's choice, and accountability was a minimum requirement for officeholders.

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, she and her spouse purchased a house in Satellite Town in Lagos State for N100 down payment through LOTS or BALLOTS. That Satellite Town area originally belonged to the indigenes of that area before being leased from them and compensations paid accordingly.


As of the late 1960s my grandfather purchased a large plot of land (on lease) in Lagos for £20 and I saw the receipt back in the 1990s.

MadamExcellency:
One Naira was two pounds as of 1979. I remember our goods were quoted in pounds and naira back then. But life wasn't as glamorous as it's today. People don't go to the market to buy a bag of rice to keep. You buy the one to cook at a time, there was no mad rush in life.

People were content with what they had. Integrity and honesty were currencies then. Politics was for the people's choice, and accountability was a minimum requirement for officeholders.

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 ..

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

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 ..

Tayorshd87:
#100 too was very difficult to get then infact it's like 150m now so it ain't easy then too whereby #2 will buy u food ...

Our house rent was #20 naira then and our parents will still borrow to pay because they couldn't afford it

aribisala0:
Your dad is the one you should call to explain to me
Not you
Nigeria was not beautifully planned in 1980
The Airport in Port Harcourt did not exist
Third Mainland bridge did not exist
There was nothing like housing lottery

That is a lie if you are sure name the location in Benin or Port Harcourt

The first Low Cost Housing scheme in Nigeria was started by Jakande in the early 80s

https://dailytrust.com/how-jakandes-mass-housing-policy-helped-the-poor/?utm_source=chatgpt.com

To express interest N50 form to show interest and make a deposit of N1,200 for a 3-bedroom flat and N1,000 for 2-bedroom flat in any of the estates. JUST DEPOSIT NOT TOTAL COST

The lottery was about location so most people would pick popular locations but a lottery system would be used for allocation

100 naira was a lot of money about 100 pounds or 150 dollars
Not enough to buy a car not to talk of house

A brand new Peugeot 504


In official Nigerian government/import price schedules from the late 1970s to 1980, the Peugeot 504 GL Saloon was typically listed at around ₦5,780 to ₦6,700 depending on trim and options (e.g., air‑conditioning, automatic) — this is the approved landed/import price before taxes & duties.