₦airaland Forum

Sheuns:
Those same items in 2013 would have cost about 9,000 Naira.

Minimum wage in 2013 was 30k

BlocksNG:
FreeStuffsNG, yarimo, WriterNG, helinues, CoronaVirus, madridguy. Eni kure

Adaisback:
Obidients warned you all but you refused to listen and kept shouting on his manhood we shall stand. Some even tell us that this administration will favour them and their families .

Today they are all gnashing and singing a different song.

Immediately Tinubu rigged the election , I noticed that my people suddenly changed with the system.

They sat tight and decided to live a more simpler life..

They met and decided that our brothers outside the country will help by bringing more people to join them and many of them do send in money on monthly basis.

There is no home in the South East that lacked food this Xmas.

They thought they are doing the obidients but ended up shooting themselves at the foot

maik:
This is as a result of inflation. You can also compare prices in 2005 with prices in 2013.

ibrocool:
Oh My Gosh, that's over inflation. The rate at which Naira losses value is alarming. Very soon, one million naira will be worthless.

Adaisback:
Obidients warned you all but you refused to listen and kept shouting on his manhood we shall stand. Some even tell us that this administration will favour them and their families .

Today they are all gnashing and singing a different song.

Immediately Tinubu rigged the election , I noticed that my people suddenly changed with the system.

They sat tight and decided to live a more simpler life..

They met and decided that our brothers outside the country will help by bringing more people to join them and many of them do send in money on monthly basis.

There is no home in the South East that lacked food this Xmas.

They thought they are doing the obidients but ended up shooting themselves at the foot

Diamonddris:
Don't be unfortunate
What's the percentage difference?

Most of u are just heartless, censeless and wiked

Dogalmighty17:
And his shameless supporters are all over nairaland defending the most incompetent president in the history of the country.
How can anyone defend this?

honesttalk21:
In actuality, the increase from ₦25,225 to ₦147,050 is about 483%, not 582%, but either way, it shows that prices have increased five or six times over the course of six years. We are unable to verify whether this is the same store, whether the items and quantities are the same, or whether the pricing policies are similar. Real economic factors are that Nigeria's severe devaluation of the naira (from ₦380 to ₦1,500+/USD), the removal of fuel subsidies in 2023, high inflation, and higher import costs all contributed to a significant increase in the cost of these goods.

Nigeria is currently grappling with an inflation crisis, largely due to the devaluation of the naira, the removal of fuel subsidies, and a heavy reliance on imports. While ongoing reforms in sectors like power, rail, agriculture foreign direct investment, and the Dangote Refinery and other smaller ones including those planned aim to tackle these fundamental issues, they require time to take effect. In the short term, we need to prioritize fast-tracking the construction of farm-to-market roads, speeding up port clearances, directly distributing fertilizer to farmers, implementing mobile and prepaid metering for better power accountability, and immediately expanding rail freight services. These measures can provide some relief without falling into the trap of subsidy misuse, while we wait for the long-term projects to bear fruit.

iwaeda:
A Nigerian decided to buy every single item on a 2020 receipt to see just how much prices have skyrocketed.

🛒 Total in 2020: ₦25,225
🛒 Total in 2026: ₦147,050

That’s a staggering 582% increase.

TheStoriesOfMan:
Leave those hh0ngry laptop boys. They will be paid 30k on the 28th of February. The guy who handles their salary is my man, from Ikotun.

From the 30k, FG will collect 5k as tax.

I saw one of these boys begging for house rent last December. The way I shunned him, he never expected it.

Most of them can't feed, but they stand on one uus£1€$s mandate.

I thought you were against us who doesn't like apc government before.

How come now

$

ibrocool:
Oh My Gosh, that's over inflation. The rate at which Naira losses value is alarming. Very soon, one million naira will be worthless.

BlocksNG:
FreeStuffsNG, yarimo, WriterNG, helinues, CoronaVirus, madridguy. Eni kure