sinkhole:
That is about 31yrs ago, right?
Keep your own today and let your children/grand-children also comment on it in the next 30 years, I am sure that your children/grand children will then claim that you enjoyed during your own time too

We don't pray for that, upon our children

just2endowed:


That year, IBB was busy obeying imf that our currency need to be devalue and the idi.0t keep devaluing the naira u till the currency was worthless. IBB was the architect of the devaluation thanks to his useless structural adjustments programme (SAP).

Wonder why we don't know or make history a compulsory subject in secondary school?

things really got so bad

Munzy14:

Lol...I was explaining to someone I gave a lift the other day, how 5naira paper could afford Ice cream, snacks anď you will still have balance in coins to flex biscuit..

Transport to school in my primary one was 10naira..

My school fees in primary 6 was 800naira..

God have mercy for this country..

That same school, their school fees alone is more 60k now..by the time you add everything e go reach 90k...

Anyway na where my children will go...To learn from where their papa learnt from.

In UI those days 1992 or so, a liter of fuel was 60kobo. I used to buy ₦5 fuel and my tank will raise.
I remember when abacha made it ₦3.20 per liter, the whole country scattered, riots every where. He then reduced it to ₦1.80 or so.
Now fuel na ₦165 per liter with subsidy, diesel that was cheaper than petrol those days is now ₦800 per liter!
No be juju be that?

And grandma was probably complaining about the inflated price back then. If u use ur tongue and count ur teeth u'll definitely realize the type of mess our generations unborn are gonna find themselves in, if we don't make an abrupt U-turn regarding the direction this country is headed to. 9ja is on a friggin free fall things ah swear!

How did we get here?

Baba oloja gangan,don come relax, Nigeria go better.

money121:
3bags of cement for #264 as at 1991 (#88 per Bag)

1bag of Cement Now #4,000 to #4,500 as at Today

I hope Nigeria will be Great Again

not a surprise at that year,I ate full plate of food with 2 goatmeat for #3 naira at nwanyi orajis at awka road onitsha in1993,

subsidywise18:


Lecturers were earning between 900 to 5000 naira in 1993. For example.

What people are doing on this thread is comparing/subtracting the 1991 cost of cement with their earnings now.

Back in 1993 one dollar was 22 naira.

Which is a very weak comparison.

Imagine buying 5 bags of cement monthly from your ₦900 salary as a lecturer then.

Just cement would have gulped ₦440 from your ₦900 and what can 5 cements do in a building project.

Now how much is the least salary lecturer gets paid compared to the price of 5 bags of cement?

majamajic:
Making 4k is much easier now than making 88 naira then , cos I have grown in 91

u be living legend

mightyhaze:
In1991



Youghurt of 200 naira now was 1 naira


I remember cos I adored yoghurt back then in jss1 (1991) . My daily allowance then was 50k .. I had to wait around the icecream stand for another person that had 50k so that we can buy and split it in 2

Lolz 50k or you mean 50kobo
Me with 50kobo at teddah hall bursury, UI. There was this lady with her daughters that we would buy bread, chilled coke and moimoi. Ie moi moi burger for 50kobo.
Once you eat that, belle don full!

majamajic:
Making 4k is much easier now than making 88 naira then , cos I have grown in 91

Even if that's true, it's because of technology. Globalization and the internet brought so many opportunities.

burritto:
things really got so bad

Yes things was not as bad as then.

But you can see how IBB finish off the naira and he make sure the currency was worthless... Imagine the idi.ot never tamper with the naira

nedekid:


Lolz 50k or you mean 50kobo
Me with 50kobo at teddah hall bursury, UI. There was this lady with her daughters that we would buy bread, chilled coke and moimoi. Ie moi moi burger for 50kobo.
Once you eat that, belle don full!

haba naa 50kobo.. 50thousand? Na only govt dey see that Kain money then naa

majamajic:
Making 4k is much easier now than making 88 naira then , cos I have grown in 91

most people dont understand the concept of inflation.

just2endowed:


Yes things was not as bad as then.

But you can see how IBB finish off the naira and he make sure the currency was worthless... Imagine the idi.ot never tamper with the naira

IBB the mu.mu Maradona

nedekid:

In UI those days 1992 or so, a liter of fuel was 60kobo. I used to buy ₦5 fuel and my tank will raise.
I remember when abacha made it ₦3.20 per liter, the whole country scattered, riots every where. He then reduced it to ₦1.80 or so.
Now fuel na ₦165 per liter with subsidy, diesel that was cheaper than petrol those days is now ₦800 per liter!
No be juju be that?

Lol..The world Economy changed with time as well...

But, I reminisce those days...When I use to take my little brothers to school before leaving for mine..After school, pick them up and return home with 30naira well spent on transport and lunch..

Things fall apart in this country.

Skyfornia:


That's to say Nigeria is deteriorating ..and it shouldn't be so

No, it is not deterioration but a simple law of economics!
In the 80s and 90s, the average tuition in our universities was about 150naira and parents complained bitterly of the expensiveness and they want reduction, today the average fee paid in federal universities is around 100,000 naira and people are still paying it!

Nigeria dan jagajaga

when Nigeria is good but now Nigeria is finished

Mamijoh:
We don't pray for that, upon our children

It is not about prayer but it is a simple economic principle! Quality of things will go up and more people will be in need of such things, among many other reasons.
The only prayer for our children is that God should give them the wherewithal to survive the situation during their own time!

Bros how old are you

burritto:
1989 was when the price really went up, I remembered we started building one of our houses with #4.50k per bag in February that year, then it moved to #20 and then #38 or #40. In May of 1989 it was #38. The price went up really high that year

By 1991 it was already #80

That's reason we HV to join hands together and flush all these old recycling politicians that doesn't have our interest at heart...time to wake up Nigerians...let keep tribalism aside please

This is how it should be, not from fry pan to fire, buhari has brought Nigeria from fry pan to fire, things are so expensive, not just cement.
Can we just go back to the good old days??

Zonefree:
3 bags of cement is now roughly N15,000...no thanks to Buhari and Osinbajo and their akube economic policies.

No thanks to our early democracy

Gift96:
Buhari will handle security. Osinbanjo will handle economy...

The greatest joke yet

we entered one chance

frowland:


How much was basic salary? I want to check something.

875 naira to 1340 naira.

Ororocelemi:

Bros how old are you

Late 30’s

Prechgold1180:
There was a time naija currency was higher than a dollar
And equal to pounds

But since Angel Gabriel throw devil come earth (Nigeria)everything change

It is simple. Dollar was a fixed currency then but disaster hits the world economy the moment President Nixon floated dollar due to growing industrialization in europe and else where which threatened american exportation.

At this time, a graduate state
government employee of entry level
of GL O8 was probably earning about
N600 to N800 per month. ❗️❗️❗️

A two bedroom flat in northern cities
like Kano, Kaduna or Jos was in the
neighborhood of N1500 to N2500 per
year.☑️☑️☑️

Now, you can hardly get a good mama put
meal for less than N1000.

So, N88 / bag wasn't that cheap.☺️☺️☺️

nedekid:


We that were born in the early 70s enjoyed naija small. So many young people nowadays have not seen this country good in their lifetime and so do not understand.
I was going through my documents the other day and found my passport as a kid. Look at the bta and how much naira exchanged to the pounds sterling, charges included.
Those were the days of British calidonia, Nigeria airways. Country was good. Nigeria passport was visa free to almost all countries of the world. Every holiday, nigerians enter "London" as we called it then.
Poor man's food was sardine and bread with chilled coke.

AGBA

Zonefree:
3 bags of cement is now roughly N15,000...no thanks to Buhari and Osinbajo and their akube economic policies.

no big deal.

burritto:
1989 was when the price really went up, I remembered we started building one of our houses with #4.50k per bag in February that year, then it moved to #20 and then #38 or #40. In May of 1989 it was #38. The price went up really high that year

By 1991 it was already #80

agba man! That time i was just 4 year old