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Nairaland Forum / Nairaland / General / Business / When Naira Still Had Value! Just Imagine.. (60588 Views)
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Re: When Naira Still Had Value! Just Imagine.. by SmartMugu: 5:45pm On Sep 02, 2016 |
InHim4Him:I can bet back then, many people couldnt afford N2500 you bought the car for. Salaries were probably in kobos then, Right? |
Re: When Naira Still Had Value! Just Imagine.. by Frankaka8(m): 5:51pm On Sep 02, 2016 |
ubsilas:Nigerians and olofofo!!! |
Re: When Naira Still Had Value! Just Imagine.. by mamajaz(f): 5:51pm On Sep 02, 2016 |
Re: When Naira Still Had Value! Just Imagine.. by demsid(m): 5:52pm On Sep 02, 2016 |
SmartMugu:u funny I swear, screen guard sef u no go see 1 Like |
Re: When Naira Still Had Value! Just Imagine.. by millionaireman: 5:56pm On Sep 02, 2016 |
Tonyreal49:Erosion of Naira value... Blame Muhammadu Buhari for Nigeria's woes of today. In December 1983, barely-educated Buhari with his gang of soldiers stacked a democratic atmosphere in Nigeria. Other military dictatorship followed Buharis. Then followed the about 35 locusts years of military dictatorship with little or no real development infrastructure established. To legitimize his dictatorship before Western Governments, one of the Buhari dictator successors, IBB, accepted IMF conditions which started to erode the value of the Naira. Nigeria's education standard hugely declined, resulting to the ill-informed electorate who had to elect a Muhammadu Buhari in 2015 to come back to preside over them. It's a viscous circle. 1 Like |
Re: When Naira Still Had Value! Just Imagine.. by juman(m): 5:57pm On Sep 02, 2016 |
pippimp: I agree with you that fayose first term was not good like other pdp governors that time. But importantly olusegun obasanjo failed to lead the country to success. If the sixteen billion dollars he spent on the electricity was able to generate like twelve thousand MW, by now nigeria would have been a better country. If election was free and fair that time yaradua and jonathan would not have been the presidents. So the sixteen failed years of pdp is on the head of obasanjo. You know nigeria became a failed state because there was no gradual progress at all. If those led the country were able to add their own value to the country by now we suppose to have more than 20kWM. 1 Like |
Re: When Naira Still Had Value! Just Imagine.. by ProfAkintade: 5:57pm On Sep 02, 2016 |
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Re: When Naira Still Had Value! Just Imagine.. by ohmnetwork1: 6:06pm On Sep 02, 2016 |
haibe:Ur point is very valid. Nigerian are dollar sick.... |
Re: When Naira Still Had Value! Just Imagine.. by samsard(m): 6:12pm On Sep 02, 2016 |
jmoore:His cost of production goes up as the price of virtually all goods and services have gone up in the country. Its a reaction to the current condition of the Nigerian economy You dont have to be importing goods for that to happen. |
Re: When Naira Still Had Value! Just Imagine.. by daveP(m): 6:13pm On Sep 02, 2016 |
days we'd be given coins to school and we'll still bring back change again. we Nigerians kinda love inflation. One stuff gets increased in market and we too after a few weeks of grumbling, start buying at new price even when ridiculous. Wetin man go do sha? |
Re: When Naira Still Had Value! Just Imagine.. by pippimp(m): 6:17pm On Sep 02, 2016 |
juman: You don't seem to want to get the point. What you are saying is that fayose is the standard by comparing his first and second term. I want you to understand that the military is not responsible for Nigerians burning people in the streets, or collecting bribe to vote. 1 Like |
Re: When Naira Still Had Value! Just Imagine.. by jmichlins(m): 6:31pm On Sep 02, 2016 |
jmoore:this is the most selfish question and stupid one I have read here for a long while. The diesel he uses to run his firm, run his fleet of trucks and maintain them do they come cheap. He increased the price to meet the reality of the situation we found ourselves in. So you want him to lower price as a patriotic citizen because he runs a charity organisation. This is a man that lost a good percentage of his worth in less than ten months. Be considerate and sincerely with this mindset I don't see you running a successful enterprise |
Re: When Naira Still Had Value! Just Imagine.. by juman(m): 6:35pm On Sep 02, 2016 |
pippimp: One thing is clear, this apc government failure is not caused by the people. APC should stand up to their challenges and give sensible governance. |
Re: When Naira Still Had Value! Just Imagine.. by flatheadedbigot: 6:39pm On Sep 02, 2016 |
my people perish because, they lack vision,back in the days, HOS Gowon once said the problem with Nigeria was not the money but how to spend it.Then Nigeria's population was less than 70m,he went on to introduce "odogi" and corruption crept in,since then Nigeria have been swimming in the gutter of corruption to the point of no redemption.we used to buy better quality peak milk for 15 kobo, minerals (coke, fanta, crest ) no pepsi then for 10 kobo. If you have vision less leaders and "mumu" followers all them will perish in the trench. Over the last 6-7 years alone over $150 Billion was looted or unaccounted for accrued oil money. Folks, where is the hope? 1 Like |
Re: When Naira Still Had Value! Just Imagine.. by jmoore(m): 6:43pm On Sep 02, 2016 |
jmichlins:You failed to comprehend. My question was meant to buttress the point that going for Made in Nigeria goods only is not the solution. Next time, calm down, read and digest before you quote me. |
Re: When Naira Still Had Value! Just Imagine.. by flatheadedbigot: 6:44pm On Sep 02, 2016 |
SmartMugu:ah ah, salary was like 40 naira /month for laborers 1 Like |
Re: When Naira Still Had Value! Just Imagine.. by justhenry(m): 6:46pm On Sep 02, 2016 |
op, is that "1 dog" that i'm seeing?? |
Re: When Naira Still Had Value! Just Imagine.. by saintdennis(m): 6:47pm On Sep 02, 2016 |
ubsilas: So you a guy? And you're concerned with a fellow guys nails? Wtf |
Re: When Naira Still Had Value! Just Imagine.. by persius555(m): 6:50pm On Sep 02, 2016 |
We destroyedestroyed all that we had as a country. We brought in selfish and mindless leaders who never meant well for Nigeria. I do not weep for this generation but the upcoming generation who have no foundation to build on. It is so so sad . We never had plans for the future. Now, we are too scared to start afresh, that is if we know where to start from. I cannot blame the leaders without blaming us as a people. We allowed this rot upon ourselves. |
Re: When Naira Still Had Value! Just Imagine.. by jmichlins(m): 6:51pm On Sep 02, 2016 |
jmoore:either way, patronising Made in Nigeria goes a long way to salvaging this situation |
Re: When Naira Still Had Value! Just Imagine.. by Psalmy2cute(m): 7:39pm On Sep 02, 2016 |
jmoore:yes they're some raw materials dangote do import in the making of cement... Tho I don't knw the names ... But he imports them from Israel .... I know this coz I'm a dangote staff at dangote cement ibese Ogun state... And the truth is sales has bn very poor lately... Dangote is currently a silent wailer |
Re: When Naira Still Had Value! Just Imagine.. by jeff1607(m): 7:47pm On Sep 02, 2016 |
prevail23: Haahhahahahahhahahahahahhhahahahhhhhhha |
Re: When Naira Still Had Value! Just Imagine.. by InHim4Him(m): 7:47pm On Sep 02, 2016 |
SmartMugu: My salary was #150 a month. |
Re: When Naira Still Had Value! Just Imagine.. by Nobody: 7:48pm On Sep 02, 2016 |
pippimp: He fails to realize that the generals are all products of the citizenery. They were raised with a certain mindset that no amount of military training can dispel. The citizenery produced the generals the political leaders and any other person that they blame for their woes 1 Like |
Re: When Naira Still Had Value! Just Imagine.. by Psalmy2cute(m): 7:54pm On Sep 02, 2016 |
jmoore:yuu should understand that very few companies has 100% raw materials from their region or country... Toyota is a Japanese company the engine is bn made in Japan... But they do buy other materials like plug,windshield etc from other companies all over the world... Its the same case in Nigeria....... hope this is comprehendable 1 Like |
Re: When Naira Still Had Value! Just Imagine.. by SmartMugu: 7:57pm On Sep 02, 2016 |
InHim4Him:Wow. Lol. That's not even enough for a kids per day pocket money today. |
Re: When Naira Still Had Value! Just Imagine.. by holluphemydavid(m): 8:29pm On Sep 02, 2016 |
prevail23:For wher, it can neva |
Re: When Naira Still Had Value! Just Imagine.. by piagetskinner(m): 9:19pm On Sep 02, 2016 |
Then where did we miss it.... Nigeria and and it citizen s were much resected... everything has turned up down |
Re: When Naira Still Had Value! Just Imagine.. by prevail23(m): 9:24pm On Sep 02, 2016 |
saintdennis:lol.. Abeg ask am oh.. |
Re: When Naira Still Had Value! Just Imagine.. by EVENTSPRO: 9:50pm On Sep 02, 2016 |
This how ur grandchildren will show list of budgets of today to people of their generation in next 30 yrs and they will be like, what?? Naira has really died. Cos things are still better now! |
Re: When Naira Still Had Value! Just Imagine.. by brenister10: 11:01pm On Sep 02, 2016 |
mickyeddi: Oga you miss road, this was in 70's and not the new school prices of the 90's which you are referring to |
Re: When Naira Still Had Value! Just Imagine.. by vivaciousvivi(f): 11:18pm On Sep 02, 2016 |
pippimp:You must be out of your rockers to have quoted me as I don't understand anywhere in my comment you read that I didn't understand the economics of 1978! Btw, I am a graduate of economics so don't school me about monetary economics or inflation. I can't imagine y people can't communicate their point across without insults. Rubbish! |
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