Kazymavee:


Let's be guided. This same issue happens all over the world. Back in 1982, the amount of dollars used in purchasing a car back then in the US has increased drastically now in 2020. Money is meant to appreciate with time. It doesn't have anything to do with the economy entirely. U can't keep buying a particular thing for the same amount for the rest of your life.

Are you serious right now?.

zero911:

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

was abdulsalami abubakar a better man?

ednut1:
that one na China. They had to. Control birth rate for many years too.

Oga their population is about 5 times ours

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.

It is the condition hausa/Fulani & Yoruba put nigerians into

NaijadrivaCars:


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

No mind that one jare, him no know Watin him dey talk. Like we are more than USA and China and God has even blessed us with more resources which is y we are still here, if not, the country would have collapse

DAVE5:


Oga their population is about 5 times ours

u fit remove 30 Nigeria from China per land mass

bigtt76:
Very few people could afford to buy a brand new Peugeot car then, if your dad bought his after a few months of working, it must have been through a car loan workers were availed to then. Things were not all that cheap because many people struggled but I agree with you the coins were in use then. Newspapers were 15kobo, a bottle of coke was less than 30kobo I could go on and on but it wasn't easy for people then.

My parents bought their brand new beetle for 1600 naira in 1979....
He was earning roughly 2100 per year, while my mum earned roughly the same as a nurse....
Household income was over 4000 naira and they paid cash for the car....
Cost of living must have been cheap for them to save enough conveniently....
How many middle class family can pull such stunt now....

Your moniker suggest u grew up in the 80s....
Pls just ask the grown ups in the 70s and 80s....
Life was much better and convenient....
No comparison at all....

Godmademan:
was abdulsalami abubakar a better man?

Oga I no be aboki abeg lol

I'm from the south south if you noticed I mentioned GEJ

ednut1:
u fit remove 30 Nigeria from China per land mass

Ebelebo, as for that one me no sabi at all

Basically nah our leadership be the core problem for this country, nwaiz, we kpai here whether good or bad

SIRTee15:


My parents bought their brand new beetle for 1600 naira in 1979....
He was earning roughly 2100 per year, while my mum earned roughly the same as a nurse....
Household income was over 4000 naira and they paid cash for the car....
Cost of living must have been cheap for them to save enough conveniently....
How many middle class family can pull such stunt now....

Your moniker suggest u grew up in the 80s....
Pls just ask the grown ups in the 70s and 80s....
Life was much better and convenient....
No comparison at all....

Your write up makes sense, my dad was in the Navy from the eighties, according to him, his salary was practically bonus because they give them food and a lot of other stuffs, at the end of the day, his salary was used only for flexing cos other basics were already taken care of

Even mumsie sef told me stories of their school days, they didn't have to buy school books cos ur seniors use am, you sef use am leave for another person and they were most likely more humane then, so ur parents stress on school utilities go reduce by gazzilions while they use salaries for better things


But now.... Nna mehm, uwa bu pawpaw mehn, no yaw, I pity myself cos I don start to dey groom children

We are saying the same thing naa. Your parents earned cumulatively N4000 in a year and bought their beetle for N1600 cash.

The passport pix posted showed someone purchasing dollar equivalent of N800... which means the person must have saved for a long time to get that N800.

At N2100 a year means your dad was earning N175 per month (definitely not on minimum wage) how many people earned that back then? It would take that person close to 7-8 months to save up N800 except s/he earned more than N175 a month.

I don't doubt things were cheaper then but for how many people? A beetle may have cost N1600 then how many people could afford it? That's my point

SIRTee15:


My parents bought their brand new beetle for 1600 naira in 1979....
He was earning roughly 2100 per year, while my mum earned roughly the same as a nurse....
Household income was over 4000 naira and they paid cash for the car....
Cost of living must have been cheap for them to save enough conveniently....
How many middle class family can pull such stunt now....

Your moniker suggest u grew up in the 80s....
Pls just ask the grown ups in the 70s and 80s....
Life was much better and convenient....
No comparison at all....

InvertedHammer:

/
That's because your father ain't Einstein. So the fuel price that came down was a curse to you according to your father's theory? Of course I am not advocating I.Q tests as prerequisite for procreation.



\

I might want to lash out at you for the unwarranted insult on my father and myself who have done nothing to you, but I’ll be the better man!

If prices come down all well and good, but what it taught me was invest and try to grow beyond the pace of inflation. And I’m happy to say I’ve done that and not done too badly for myself by global standards. So if you want to spend your time moaning about the state of Nigeria, go right ahead.

Fortunately I have gone beyond that!!

Good so how long would it take him to save that N800 to buy the dollar equivalent? If he saves N40 per month, it will take him 20 months to save up N800 barring any emergency spending. Compare that to present day... We still have people who would need to save for same period just to afford the equivalent of the same amount today. So where does turning back the hand of time do for us?

bandOFhorses:



Wrong. History is needed to carve the future. Our forefathers screwed us bad. No plan. No vision. Nada. I remember my dad telling his salary was 75 naira. How he just spends less than 30 naira for feeding for the month! Where compare that to now. You will see how screwed up we are

COMPAQ:

I might want to lash out at you for the unwarranted insult on my father and myself who have done nothing to you, but I’ll be the better man!

If prices come down all well and good, but what it taught me was invest and try to grow beyond the pace of inflation. And I’m happy to say I’ve done that and not done too badly for myself by global standards. So if you want to spend your time moaning about the state of Nigeria, go right ahead.

Fortunately I have gone beyond that!!

/
I...I...I. Me...me...me. Myself...myself and myself.

It doesn't matter if inflation is 10000% like in Zimbabwe. As long as COMPAQ is ok financially, the rest of humanity can go to hell. Listen to yourself. You are too selfish.

You believe the economists checking inflation are morons. It all just have to be about you.

/

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

BLAME IT ON NOLLYWOOD

All their scripts are about someone getting married and is unable to have a child and the whole UMUADA and NDI' ICHIE will be on her case - then she starts vomiting to show she is pregnant - if she gives birth to a girl wahala - until she delivers twins oooo and they must be sons for peace to reign - NANSENSE

WE SHOULD STOP ALL THIS BS - Nollywood script writers do not task their brains to write films that are though provoking - just some lazy stuff where unexplained wealth without work and marriage and children is the sole index of measuring success - THERE YOU GO! POPULATION EXPLOSION

somehow:
There is NO PART of Lagos you can buy a full plot of land for 456k!

You need to google before commenting. Thankio

NaijadrivaCars:


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

You try that is no better way you could have said it. The Nigerian mentality is a bad one

Population or no population
Nigeria would still be messed up
Because of its bad and corrupt leaders

Northern thieves destroyed this country! Sharing a country with them was and still is the biggest mistake ever!
The North is a huge curse to this country!

ahidjo:


How much was the minimum wage then? A fresh graduate was earning around N200 then. This means that he had to work for 50 months to buy that car without spending on anything else. with the present minimum wage of 30k, 50 months (about 4 years and 2 months) gives 1.5m. This una analysis sef

[color=#006600][/color]

I don't really know the minimum wage then, though from my observation, the middle class at that time were able to afford a lot of things and life was good compared to now. The only people enjoying now are oil workers, politicans and those in IT sectors. But then an average Nigerian was not doing bad.

SIRTee15:


I bought my first jeans trouser in 1995 for 1100 naira...
I know what I'm talking about....
Na big boys dey wear jeans those days...

Average cost of Jean now is #2500.

Over taken is allowed in life

Stay focus and believes no one knows tomorrow.

The real issue is that our government don't plan ahead of time. What is the work of the office of statistics, is not not to project what is going to happen in a country even a decade ahead.the simple truth is that we don't have a government.

NaijadrivaCars:


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

Tellem. Newyork alone is larger than Nigeria in population so lets forget the overpopulation thing. The corrupt government caused it all

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.

Painful part is that they have successfully groomed some young fools who have the same ideologies as them. Them full Nairaland very well. You can easily know them by their tribalistic and imbecilic inputs here and there. Always thinking one way like zombies. Their cup go full now now

zero911:

Oga I no be aboki abeg lol

I'm from the south south if you noticed I mentioned GEJ

I wasn't being tribalistic. Only pointed out that he's almost always omitted when such list pops up dazall

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

I share this thought too

bigtt76:
Good so how long would it take him to save that N800 to buy the dollar equivalent? If he saves N40 per month, it will take him 20 months to save up N800 barring any emergency spending. Compare that to present day... We still have people who would need to save for same period just to afford the equivalent of the same amount today. So where does turning back the hand of time do for us?

No body is saying go back in time. We are saying learn from history. You are talking about the money equivalent and skipping the purchasing power and availability. He was doing a trade job then. It would be easy to get that 800, in that time in 6 months compared to now. I did not say he suffered to get the the 70 naira. I said that is his salary at that time which he was apparently comfortable with.

[s]

boxer022:


You are taking it too personal. This insults you are putting on old people includes MY parents, grand parents, uncles, aunties, etc. What you should be asking yourself is what legacy or good work will you leave behind for the next generation? Do you know how much the same amount will be in the next 10, 50 or even 100 years? How are you sure it will not be worse than today's rate? How will you feel if that generation insults this generation which you are part of? Change is the only constant thing.

[/s]
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