₦airaland Forum

Nugeria's International Passport stamped in October 1982 When 1164.84 US Dollars was 800 Naira.

Nigeria was once Great

As at today, 1,169.84 United States Dollar =456,237.60 Nigerian Naira.

An amount that couldn't buy a plot of land in Lagos then but today, it can in some areas.


Nigeria which way?

It will never be well with this old generation people.
Wicked GREEDY and wreckless people.

They detroyed everything for us.

Later, you'll be hearing children of today blablabla


Old fools.

Truth is that exchange rate isn't a determinant of how good an economy is. For instance, Ghana cedis exchanges higher than the Chinese currency and Korean won and that doesn't mean Ghana has a better economy. Another example is the Kuwait Dina which exchanges for almost $1000/dinar. During the said time, very few people can afford to buy a car even when it sold for #4000. But we have folks buying used cars today for tens of millions.

Having said the above, it's undeniable that Nigeria didn't have potential back in the day. It's just that we had lots of petrodollars and less population and the government then was able to do her job without borrowing like today. Forget all the glorious tales our parents told us about how quick you can get jobs. That's because there were fewer graduates then. We need total overhaul of this country

You said it all. Not everyone could afford that N800 back then. How much was the minimum wage again? People should stop using the past to hurt themselves. We can't turn back the hands of time... Those days are gone and buried!

michlins:
Truth is that exchange rate isn't a determinant of how good an economy is. For instance, Ghana cedis exchanges higher than the Chinese currency and Korean won and that doesn't mean Ghana has a better economy. Another example is the Kuwait Dina which exchanges for almost $1000/dinar. During the said time, very few people can afford to buy a car even when it sold for #4000. But we have folks buying used cars today for tens of millions.

Having said the above, it's undeniable that Nigeria didn't have potential back in the day. It's just that we had lots of petrodollars and less population and the government then was able to do her job without borrowing like today. Forget all the glorious tales our parents told us about how quick you can get jobs. That's because there were fewer graduates then. We need total overhaul of this country

IBB started that bullshit with his SAP

Dididrumz:
Nigeria was once Great

never great

Mannnn:
never great

Nigeria will be great again. It will take a lot of sacrifice though

Òmasé O ahh

Who do us this thing sef?

Atimes when you read about Nigeria's economic exploit back from the past, the present seems impossible to understand.

I mean how did the economy got so bad? One answer, "is tribalism and corruption" .

bigtt76:
You said it all. Not everyone could afford that N800 back then. How much was the minimum wage again? People should stop using the past to hurt themselves. We can't turn back the hands of time... Those days are gone and buried!

You are right. My family bought plots of land in Ojota, Lagos state back in the mid 70s when a plot was going for N650, my parents said that N650 was like paying millions of naira because they were paying N9 per month as rent for the 3 bedroom bungalow they were living in. Many people were not even earning much back then as it is also today but the difference is the population explosion, more people for less resources.

gambia:
Who do us this thing sef?

AVERAGE Nigerians do us. Leaders are a reflection of the masses who vote them.

Pavore9:
You are right. My family bought plots of land in Ojota, Lagos state back in the mid 70s when a plot was going for N650, my parents said that N650 was like paying millions of naira because they were paying N9 per month as rent for the 3 bedroom bungalow they were living in. Many people were not even earning much back then as it is also today but the difference is the population explosion, more people for less resources.

Given! But standard of living then and noe, which is better?

NaijadrivaCars:
Given! But standard of living then and noe, which is better?

like he said more people less resources now. If the present Nigeria had 1/4 of its current population it would have been ok. But we keep fucking and giving birth

ednut1:
like he said more people less resources now. If the present Nigeria had 1/4 of its current population it would have been ok. But we keep fucking and giving birth

Lies. Population is an advantage if well utilised. Besides, we have the resources.

Buhari and Maradona na him cause all these. Still yet some fools were deceived into voting him in 2015

My Country was once GREAT

Chai!!! , things fall apart

OsuIgboIpob:
It will never be well with this old generation people.
Wicked GREEDY and wreckless people.

They detroyed everything for us.

Later, you'll be hearing children of today blablabla


Old fools.

God will continue to punish dem OBJ, IBB, PMB, GEJ etc.. Fooooools!

Imagine, so it's clear that the future of the country was morgaged for a stomach infrastructure. Those at the helms of affairs should be ashamed of themselves

It is well.

Where do you think Shile Meji...20 kobo came from. That was when kobo and British shillings were of same value. The Shile meant shillings and Meji means 2 in Yoruba.

OsuIgboIpob:
It will never be well with this old generation people.
Wicked GREEDY and wreckless people.

They detroyed everything for us.

Later, you'll be hearing children of today blablabla


Old fools.

That same old generation is in govt today. Be wise