Stats: 3,192,221 members, 7,947,123 topics. Date: Thursday, 12 September 2024 at 12:54 PM |
Nairaland Forum / Nairaland / General / Travel / 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations (9628 Views)
Top Exotic Visa-free Destinations For A Sumptuous Vacation / 6 Romantic Honeymoon Destinations In Nigeria / Tourism In Nigeria - Top 30 Exciting Destinations (2) (3) (4)
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by juman(m): 7:06pm On Nov 07, 2012 |
IBB generation intentionally betrayed nigeria. They are greedy people. |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by donniemc: 7:33pm On Nov 07, 2012 |
GboyegaD: Idiot...Nigeria is the 3rd fastest growing economy in the world!!...that means only 2 countries in the world are doing better than Nigeria economically..it is you that should learn how to google before you post |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by logica(m): 7:35pm On Nov 07, 2012 |
Clemzy16: ...and some people would still say military form of govt is evil. Was this 70s and 80s not the same era that military was in governmental power?! I know coup has its own dis-advantages. But my question is.. What have we achieved so far with democracy?! Simple: Corruption et al.. That is why we have the ExecuTHIEVES, LegisLOOTERS and JudiSHARING. They thief, loot and share.Why are you trying to be clever when you are not? Did the dip also not occur during a military government? What this should tell you is, if it was a democratic (civilian) government we had right from the 70s, the prosperity would have lasted. |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by solomonkane(m): 7:51pm On Nov 07, 2012 |
donniemc: And what beer parlour did you get this statistic from? See the link below for the IMF's index of the 20 fastest growing economies as at October 24, 2012 and stop displaying extravagant idiocy. http://www.businessinsider.com/worlds-fastest-economies-2012-10?op=1 |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by Nobody: 8:13pm On Nov 07, 2012 |
solomonkane:Don't mind the dolt. |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by Bliss4Lyfe(f): 9:22pm On Nov 07, 2012 |
The war and military rule was very bad for Nigeria. Otherwise, Nigeria today would have been a pacesetter in Africa and not Botswana or even south Africa to an extent. |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by supereagle(m): 10:21pm On Nov 07, 2012 |
afam4eva: Who do we blame? Babangida?Shagari |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by chichiman: 11:19pm On Nov 07, 2012 |
donniemc: Idiot...Nigeria is the 3rd fastest growing economy in the world!!...that means only 2 countries in the world are doing better than Nigeria economically..it is you that should learn how to google before you post KEEP DECEIVING YOURSELF WITH UNCORROBORATED NEWS PEDDLED BY THE INFAMOUS ISLAMIC DEVELOPMENT BANK. AS LOGICA RIGHTLY POINTED OUT IN THE IMF REPORT, NIGERIA ISN'T EVEN IN THE TOP 20 FASTEST GROWING ECONOMIES IN THE WORLD. I GUESS YOU'RE A LOCAL, SELF-DELUDED, CHAMPION BUSINESSMAN. |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by adubiay: 11:21pm On Nov 07, 2012 |
Sam Milla: Apparently the militia mallams destroyed this country.I know common sence is not common. I think you should check the data again and compare with each ruler's tenure before u comment. Nigeria was in 19th position in 70's and move up to 10th in 80's that shows inprovement. Buhari was president in early 80's. so tell me hw buhari becomes one of them, All who rules since late 80's till date are responsible |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by adubiay: 11:26pm On Nov 07, 2012 |
thelastPope: Precisely around when Buhari took over. go figureDo know when buhari ruled this nation? Nigerian never walk with datas. Nigeria move up in 80's and disappeared in 90's. When did buhari took over power. If u dont know u can ask any primary school kid around u |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by logica(m): 6:05am On Nov 08, 2012 |
solomonkane:That info probably came from the man the IMF boss referred to as the most intelligent man in Nigeria. *Oyinbo no go kill us with their wisecracks.* |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by Deluty997(m): 6:08am On Nov 08, 2012 |
Bleep 1990's rulers till date! |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by naptu2: 8:01am On Nov 08, 2012 |
Serious oil exploration began in the 1970s (the Gowon era), around the time when the arab-israeli crisis was at its height. This meant that we had record high oil prices. Nigeria made a lot of money. Unfortunately, we also spent a lot of money. People were being employed into the civil service to do jobs that did not add any value to the economy. As soon as you graduated you could easily get a job in the civil service, with a car and official house in Ikoyi (and later Festac and Satellite towns). The government took over lots of private companies (Daily Times, etc) and sunk money into them. We did not save for the rainy day. Instead of diversifying, the government was taking over profitable private companies and running them down such that, by the end of the 1970s, we were running a mono-economy (oil accounted for almost 90% of revenue). In the early '80s the US ensured that the price of oil fell. The encouraged Saudi Arabia to flood the market with oil. They also encouraged peace treaties between Israel and Egypt, Israel and Jordan, etc. The economy first showed signs of trouble around 1982. The price of oil (which provided about 90% of revenue) collapsed. The government introduced austerity measures. Some food items disappeared from breakfast and dinner tables. People started complaining (thinking about it now, we never knew how bad things would be later on). The 1983 elections+the economic problems led to the fall of Shagari's government (it didn't help that politicians were throwing lavish parties at 1004, importing prostitutes and buying long wheel base limousines). Buhari came in and tried to stabilise the economy by force. Companies were made to advertise retail prices of their products. Soldiers went into the markets to enforce such prices (for example, if lever brothers advertises a retail price of 30k for lux soap and a trader is seen selling it above 30k, the soldiers would seize his goods and distribute them to the public for free). They changed the currency overnight, so that politicians couldn't take stolen money abroad. They also placed limits on overseas trips and the amount of money you could take out of the country. Buhari refused to take the IMF loan and accept their conditions because the government felt that it would impinge on our sovereignty. Some of these measures worked, while some failed. Babangida came in and implemented SAP (probably the most hated government policy ever). People might want to kill me when I say that the SAP idea was not a bad idea theoretically. The fact is, it's not, but it was definitely not suitable for Nigeria of 1986. The idea was that the government should ban imports, encourage local industries and devalue the currency so that our exports would be cheaper. The reality was that the government had taken over most of the major private firms, such that we didn't have indigenous private companies to take advantage of this policy. We had government companies and foreign companies. Nigerians depended on imports. We went to the big department stores to buy cheap easily affordable/available imported goods. Even the poorest civil servant could afford these luxuries. SAP put these goods beyond the reach of most Nigerians. The naira was suddenly and radically devalued (I remember Punch Newspaper's cartoon of the naira in a boxing ring, being knocked out by the dollar). The kobo became absolutely useless. People learnt a new form of arithmetic, I.e the 1-0-1, 0-1-0, 0-0-1, etc (breakfast, no lunch, dinner; no breakfast, lunch, no dinner). I think one of the biggest and most wide spread riots in Nigeria must have been the SAP riots of 1988. People were fed up! They almost got to Dodan Barracks! Manufacturing companies closed down because they couldn't get cheap imported raw materials. The big department stores closed down because they couldn't afford to stock imported goods (the fall in the value of the naira meant that the masses couldn't afford the goods). Nigeria experienced de-industrialisation (Berec Batteries, Volkswagen of Nigeria and many other factories closed down). Our value system also collapsed. Corruption became the rule, rather than the exception. There was no shame in it anymore. Honesty was seen as a sign of stupidity. Things have improved since the return to civilian rule, but they have not improved fast enough and sometimes it seems we lack direction. We now have Nigerian brands that can take advantage of a SAP (Glo, Silverbird, Oando, AIT, etc), but the corruption, abuse of office and violence of the second republic has returned. Nigerians are disillusioned. People we're once very proud to be Nigerians. That pride is absent now. 5 Likes 2 Shares |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by Nobody: 8:11am On Nov 08, 2012 |
As if we needed more proof that IBB desecrated and almost destroyed Nigeria |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by Classicalman(m): 9:11am On Nov 08, 2012 |
afam4eva: Who do we blame? Babangida?Shagari was there by 1980. So the rot started from him. Babangida and the rest of his military collaborators only drove us further down d cliff. Conclusion: The North mess.ed up this country. 1 Like |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by agitator: 11:33am On Nov 08, 2012 |
naptu2: Serious oil exploration began in the 1970s (the Gowon era), around the time when the arab-israeli crisis was at its height. This meant that we had record high oil prices. Nigeria made a lot of money. Unfortunately, we also spent a lot of money. The riots broke out as a result of the Babangida govt preaching SAP and promising nigerians we will soon get to the promised land, only for people to realize that he had been taking us for a ride. What eventually triggered the riots eventually was a publication in Enony Magazine that IBB's wife owned the most sophisticated up-to-date salon in Paris, France. |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by nairaman66(m): 2:09pm On Nov 08, 2012 |
(70's And 80's : Nigeria Was Among The Top 20 Choice Destinations) Surprisingly, not only Nigeria is left out.. Check through and see Argentine losing its position with time! Besides, this is no news.. Nigerians have gotten over it! |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by supereagle(m): 2:29pm On Nov 08, 2012 |
sleekymag: This shows Obasanjo's time was a good time (1976 - 1979). Buhari's truncation of the new democracy after Obasanjo handed over to Shagari may have turned the tide. Moreover that's the period when the naira started depreciating against the dollar, and pound.Things started gowing awry during Shagari,s regime. |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by dont8(m): 5:47pm On Nov 08, 2012 |
Do you mean Lebanese and Indians? donniemc: |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by dont8(m): 5:48pm On Nov 08, 2012 |
donniemc: |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by Fagoyinbo: 7:37am On Nov 09, 2012 |
![]() |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by Emmyy1: 6:30am On Aug 10, 2021 |
What happened now ![]() |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by Joshvent82: 6:51pm On Aug 10, 2021 |
naptu2: Thanks I enjoyed this. Can you write more? |
Re: 70's And 80's : Nigeria Was Among The Top 20 Choice Destinations by Bifwoli: 3:17am On Aug 11, 2021 |
Nauttyprof:And how's that even possible when so many are seeking exit from Naija they've given up any hope on it ever getting better ? Thru the Sahara thousands trekking into Europe,others thru MMIA and so many others always seeking advice on travel section of Nairaland on how to exit Naija. |
Canadian Live-in Caregiver Program / Beauty Of KNUST, Kumasi - Ghana (Pictures) / Traffic Advisory: Lagos Women's Run Holds November 12th, 2022 (Tomorrow).
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 73 |