₦airaland Forum

internationalman:
I won't engage you any further oga. You are a tool for the government. You are supporting this bad government in disguise by mischievously playing neutral.

You never see wrong in anything the government does, all you do all day is blab around about tax and subsidy.

DeclanR:
This is how pathetic Nigeria has become.

I'm short of words, Honestly.

Kingrshd3:
this is not about being pathetic or not same amount they are selling peguot in US and UK that same year can't be the same till date..


Things and prices do change with time naturally and not all about APC or PDP saga una dey clamour for daily..

Abeg rest

internationalman:
How can fueling the full tank of a vehicle be more expensive than some people's monthly salaries in a country. And people say fuel is cheaper in Nigeria than USA and Canada because of exchange rate. Nigerians are really not that intelligent.

I don't know how to make y'all understand that Nigeria is the most expensive country in the world

Adakintroy:
You don go round the world..na so so to De cap careless una de

nairalanda1:


Oga, I used to and still spend time on foreign chat sites. All of them complain a lot about the cost of living. The difference is that here in nigeria, we import things we should be making, that's why it hits us harder.

You are here calling me government tool. Ya want to know how angry I am with the government, and why I don't vote for your main parties and never have done so since 2003? Because every government since independence doesn't get it...we have resources that need to be made into industrial goods for export. And we have to have a good enough tax system, and reduce corruption.


I[b]f you think I am a government tool, then that means you think that tinubu is not corrupt, and that Nigeria is exporting cars, and fairly taxing everyone[/b].

Seriously you guys. You and the apc gents have to stop seeing things in black and white.

agentarcher:
Why is that some Nigerians judge Nigeria inflation like it's an isolated thing? What country can purchase the same things their currency could in the 1900s in 2020s? Inflation is a global thing. No car company will sell a vehicle to you with the same marketing strategies as they did in the past.

And the funny thing is despite the inflation people still buy the latest vehicles.

anonimi:
The migrant crisis in Libya and the Nigeria experience

JUNE 24, 2019

The drive for survival and for greener pastures has continued to force millions of West African young men and women to gamble with death in attempts to cross over to Europe and other parts of the world. This quest to escape poverty, hunger, unemployment and insecurity, among other reasons, caused a major segment of Nigeria’s population to seek alternatives for better livelihood prospects for themselves and their families.

Those seeking economic survival see irregular migration as the best alternative, given the difficulty and resources involved in migrating through regular and legitimate routes. In many instances, very few of the original number who set out on these dangerous journeys live to tell their stories. While many regularly drown in the Mediterranean Sea, many also die in the deserts, and others are sold as slaves in a modern slave market.

Most of the victims of this trade are from West Africa. Many of them leave home with expectations of getting to Europe and other destinations perceived to have better economic prospects for them, but they end up in the slave merchant nets in North Africa. The victims are put in camps and sold in open markets in Libya, while the international community watches in silence. The geographical location of Libya renders it a transit route for migrants journeying to Italy and many other parts of Europe.

https://www.accord.org.za/conflict-trends/the-migrant-crisis-in-libya-and-the-nigeria-experience/

DeclanR:
This is how pathetic Nigeria has become.

I'm short of words, Honestly.

xxxx999jon:
I still don't understand why people display this foolery online.. How much was dollar to naira rate as at that time.. Also have you adjusted for inflation?.

christejames:
Tinupoo and his minions can not relate on what good purchasing power does to an economy

Bwilliam:
1080 Naira in 1977, is 500k Naira today.
This is why some people should not be allowed to vote. Simple concepts like inflation and APC's incompetence, are simply incomprehensible to some people.

Jayhome24:
Ok so during obj a car cost N1,800 or doing Gej a car cost N1,800?

Pls blame Nigeria Citizen they are the worst citizen of any country in the world. Even a pepper farmer will hike pepper price I mean pepper he or she planted on his/her backyard and if you ask why, he or she will tell you don't you hear petrol is cost in Iran?

Kingrshd3:
this is not about being pathetic or not same amount they are selling peguot in US and UK that same year can't be the same till date..


Things and prices do change with time naturally and not all about APC or PDP saga una dey clamour for daily..

Abeg rest

LUAN1:
no, it's 40 millon. i just confirmed from ai

nairalanda1:
Okay where to start....and note that I am not defending APC.

1.Your average car today has more components than the average car did in 1977. Hence today's cars would cost you far more than they did in 1977.

A ford car would cost 3000-4000 dollars in 1977 in the USA...today, it would range between 28000-90000 dollars in the same USA.(Ford makes exxceedingly good cars by the way, then and now).

2. Most Nigerians won't have been able to afford that car. Either your working place gave you a car loan (which had to be paid back..this was not free money) or you borrowed money from a bank . Very few people would have gone to a bank to drop money for a car.

As for saving, yes, it was possible, but hard. Harder when you were looking after a family.

3. Nigeria was benefitting from an oil boom then...and back then, the government was begining the bad habits that led us to where we are today...like subsidsing dollars, roundtripping and so forth. And overimporting. (Note that we were wasting forex importing all the components of the car to assemble here in nigeria. Innoson today at least manufactures a significant amount of components for his cars here in Nigeria).

4. Even then, most people were poor and broke back then. Again, only a tiny minority would have been able to buy a new car. Not everybody. Unless you graduated from university and had a job either for government or for very lucrative private sector companies, forget about buying new car.

5. We were making cars in Nigeria then, ..scratch that, assembling them....but most of the components were imported from abroad. SO long as we had high oil prices, Nigeria could manage to do it, but once the oil price crashed in 1982..problems started. By 1990, some 13 years after, a similar brand new car would have cost you anywhere between 400000-1million naira tops. And even when we were assembling cars here, people were importing tokunbo from oversease. (They used to call them belgium car).

6. Nigeria's problem is that we are a resource dependent economy. And that is why APC and all your past governments are a disgrace, and until we vote in a government that is ready to take us off resource dependency, car go cost 100 million naira in ten years, and we would be calling tinubu time the good old days.

7. Even if Nigeria had been run by good leaders who would have made us make the cars at home, inflation happens whether your government is good or bad. NO car would be costing N1000 today even then.

internationalman:
How can fueling the full tank of a vehicle be more expensive than some people's monthly salaries in a country. And people say fuel is cheaper in Nigeria than USA and Canada because of exchange rate. Nigerians are really not that intelligent.

I don't know how to make y'all understand that Nigeria is the most expensive country in the world

anonimi:
In the other countries we are doing japa to, has inflation outstripped general wage level and complicated by unemployment as is the case in extreme poverty Nigeria

agentarcher:
Those same country complain as well. UK nurses have gone on strikes multiple times cause of wages, teacher union have gone on strike multiple times. Nigerians greatly suffer from inferior complex. From the day we are born we have been told western countries are heaven and Africa is hell fire. Our education system and religious system are aimed at programming us to japa. The same Nigeria we say is bad is where foreigners come and make it and go. Most poor Nigerians are from the North. In the south there is no money but hotels are booked on the weekends, clubs are booming, prostitution is a booming industry. Major importation of goods is entering the country, you find a lot of Nigerians on the Internet being able to afford data. Most modern Nigerians are just frustrated cause they sold a lie that going to school and getting a certificate was going to make life easy for them. Even in the same abroad they run to they end with depression, mass loneliness, doing third class citizens jobs. When they get to a certain advanced age, thanks to social media they come online to rant about how they feel they have not accomplished anything or how their spouse left them due to difficulties faced. I work IT in an international community, just like we rant about our society, they rant. The difference is they don't see going to another nation as the fix, they try to educate themselves on why their society changes and how they adapt or change it back. In Japan what did the men do when wages couldn't support a family? They gave up on getting married and having children. There was a report that was out that Caucasian men in western countries have reduced the numbers or children they have or just don't have one. Resulting increase demand of migrants to fill up work force. The number of people on social support keeps on increasing, is that a good sign? Social experts have predicted a global collapse is coming soon. USA has already rolled out lab grown and synthetic foods to try and keep up with the food demands of the low income class. It's even on tik tok, people in USA have been posting about how the standards of food have slowly degraded. You have your phone and the Internet. Research global inflation and it's impact.

nairalanda1:
Okay where to start....and note that I am not defending APC.

1.Your average car today has more components than the average car did in 1977. Hence today's cars would cost you far more than they did in 1977.

A ford car would cost 3000-4000 dollars in 1977 in the USA...today, it would range between 28000-90000 dollars in the same USA.(Ford makes exxceedingly good cars by the way, then and now).

2. Most Nigerians won't have been able to afford that car. Either your working place gave you a car loan (which had to be paid back..this was not free money) or you borrowed money from a bank . Very few people would have gone to a bank to drop money for a car.

As for saving, yes, it was possible, but hard. Harder when you were looking after a family.

3. Nigeria was benefitting from an oil boom then...and back then, the government was begining the bad habits that led us to where we are today...like subsidsing dollars, roundtripping and so forth. And overimporting. (Note that we were wasting forex importing all the components of the car to assemble here in nigeria. Innoson today at least manufactures a significant amount of components for his cars here in Nigeria).

4. Even then, most people were poor and broke back then. Again, only a tiny minority would have been able to buy a new car. Not everybody. Unless you graduated from university and had a job either for government or for very lucrative private sector companies, forget about buying new car.

5. We were making cars in Nigeria then, ..scratch that, assembling them....but most of the components were imported from abroad. SO long as we had high oil prices, Nigeria could manage to do it, but once the oil price crashed in 1982..problems started. By 1990, some 13 years after, a similar brand new car would have cost you anywhere between 400000-1million naira tops. And even when we were assembling cars here, people were importing tokunbo from oversease. (They used to call them belgium car).

6. Nigeria's problem is that we are a resource dependent economy. And that is why APC and all your past governments are a disgrace, and until we vote in a government that is ready to take us off resource dependency, car go cost 100 million naira in ten years, and we would be calling tinubu time the good old days.

7. Even if Nigeria had been run by good leaders who would have made us make the cars at home, inflation happens whether your government is good or bad. NO car would be costing N1000 today even then.

agentarcher:
Those same country complain as well. UK nurses have gone on strikes multiple times cause of wages, teacher union have gone on strike multiple times. Nigerians greatly suffer from inferior complex. From the day we are born we have been told western countries are heaven and Africa is hell fire. Our education system and religious system are aimed at programming us to japa. The same Nigeria we say is bad is where foreigners come and make it and go. Most poor Nigerians are from the North. In the south there is no money but hotels are booked on the weekends, clubs are booming, prostitution is a booming industry. Major importation of goods is entering the country, you find a lot of Nigerians on the Internet being able to afford data. Most modern Nigerians are just frustrated cause they sold a lie that going to school and getting a certificate was going to make life easy for them. Even in the same abroad they run to they end with depression, mass loneliness, doing third class citizens jobs. When they get to a certain advanced age, thanks to social media they come online to rant about how they feel they have not accomplished anything or how their spouse left them due to difficulties faced. I work IT in an international community, just like we rant about our society, they rant. The difference is they don't see going to another nation as the fix, they try to educate themselves on why their society changes and how they adapt or change it back. In Japan what did the men do when wages couldn't support a family? They gave up on getting married and having children. There was a report that was out that Caucasian men in western countries have reduced the numbers or children they have or just don't have one. Resulting increase demand of migrants to fill up work force. The number of people on social support keeps on increasing, is that a good sign? Social experts have predicted a global collapse is coming soon. USA has already rolled out lab grown and synthetic foods to try and keep up with the food demands of the low income class. It's even on tik tok, people in USA have been posting about how the standards of food have slowly degraded. You have your phone and the Internet. Research global inflation and it's impact.

internationalman:
How can fueling the full tank of a vehicle be more expensive than some people's monthly salaries in a country. And people say fuel is cheaper in Nigeria than USA and Canada because of exchange rate. Nigerians are really not that intelligent.

I don't know how to make y'all understand that Nigeria is the most expensive country in the world

DaddyJapan:
What are you on about?

1 litre of petrol was priced between 9 kobo and 15 Kobo in 1977.
With inflation, 9 kobo is worth 19.43 Naira today.

Cost of a 2024 Peugeot 508 approx 13.8 Million Naira.

In 1977, today's 13.8 Million Naira was ₦6,392.07 - the equivalent of three years' wages for the average worker at the time.

Source: Deepseek Ai.

InvertedHammer:
/
Toyota Camry 2006

Tank capacity: 70 liters

Cost to fill: N1050 x 70 = N73,500

Minimum wage: N70,000

In 1977, $1 == N0.647k
So N1080 in 1977 was equivalent to $1670
In Tinubu’s economy, $1670 is N2.3m (can’t even buy a used Korope bus)

So what happened?


/

internationalman:
How can fueling the full tank of a vehicle be more expensive than some people's monthly salaries in a country. And people say fuel is cheaper in Nigeria than USA and Canada because of exchange rate. Nigerians are really not that intelligent.

I don't know how to make y'all understand that Nigeria is the most expensive country in the world