femi4:
30k dollars

Naira was stronger then

Sammy249:
I have said it and will always say it ,agbaga wearing polithiefcians destroyed this country , they meet it in good state and always destroy , this Shagari administration was the beginning of Nigeria's problems the man is an absolute undeserving dullant local teacher that was made president clearly , the same first Republic that destroyed this country it was the first administration that started American style democratic republic because they were trying to copy America a country that prints the u.s dollars , This was the beginning of Nigeria's fall Shaharis bad luck is far worse than Buhari who was his Adc at the time ,imagine two bad lucks carrying presidential files duties of Nigeria. Calamity , to add salt to injury during shagaris administration Nigeria experienced its first economic recession and devalue a d economic osterities shift , the country could not pay scholarships of students abroad in America etc , also the politicians in senate had started stealing at an unprecedented rate from federal to state government the corruption was unprecedented and Nigerians were starting to feel it , that was why his Adc Buhari took power as he saw politicians looting at an unprecedented rate a fashion which started then and continued to 1992 when mko ran for president and the likes of Tinubu became senators in Lagos under SDP the introduction of the new thieves who learnt from thier teachers in the first Republic and the loot still continues , I hate politicians we were never supposed to run federal democracy, Nigeria was colonised by British we should be running a parliamentary system of rule which is more corrupt free

TheChameleon:
Was your dad a gateman at UBA for a Yoruba man ?

Because you always sound bitter at their superiority

Don't cry. Take a handkerchief like Abacha gave Diya

Don't be that predictable

Yourprick:
See Nigeria Tinubu and co enjoyed

Tonididdyx:


Again fresh corn is available on every corner of the planet even in Antarctica corn can be grown!
He doesn’t have to ship corn from 9ja as your brain is telling you!
He could even grow the corn in a small garden in the UK!

Sublimesuccess:


In as much as he would not a get a free shower of corn from the sky or go into corn robbery,there's always a profit margin. Simple economics, you are turning a blind eye to.

Zxcvbnmghtr:


Some people have not been able to eat three square meals since GEJ left office because their sustainance was tied to his neck.

Championhala:
if naira was stronger how is it $30k,😒🧐 it's more than $65k sef

tuzle:
the money is annually,so the original salary is less than 5k. He wasn't collecting 50k monthly but is entire salary for the year. Of u guys just read the newspaper, u will see it there.

femi4:
You no do maths for school

If you convert a stronger currency to a weak one, the number should drop not increase

N50k can't give you anything up to $50k
E.g if N1 = $0.5,
N50k = 50 x 0.5 = $25k

Championhala:
then why is it that 1000 usd is approximately 1.5million if dollar is the stronger currency.
I know ur workings are correct but this matter get as e be
EDIT : See as u wan confuse me it's actually naira that was N0.75 to 1usd
N50k = xusd
N50000/0.75 ≈ $66000.
So I'm correct, abeg no dey confuse person here and u even tell me say I no do maths

Sublimesuccess:
Hmmm

That was when my father bought a brand new car for less than #4000. So the annual salary of the president then would buy almost 13 of such cars. Imagine selling that car for 8 million naira in our own time and a modern day president can afford to buy 13 such cars with his BASIC SALARY of 104 million naira. There was corruption then as well.

Even the cover price of the newspaper should tell you something. That newspaper cost 15k then, now it is #300. If you divide #50000 by 15k, it's the same result you get by dividing #100 million by #300, the current price of the newspaper, and I don't even think the official salary of the modern day president is up to #100 million. For the president nowadays to buy the same number of newspapers the annual salary of the president then could buy, he must earn #100 million annually. Let's be relative with the way we think.

Likewise I saw people thinking that the man selling roasted corn in London had struck gold by selling one for £1. Converting the money into naira is a fairy tale. A bottle of coke there is about £2. Imagine selling one cob of corn for £1 and buying a bottle of coke for £2! It's like garbage in, garbage out.

Based on the values copied from Wikipedia below,in 1979, $1=60k, therefore #50,000 then in 1979=$83333.
Let's convert the $83333 back to naira in 2024 when $1=#1235 based on the table, $83333=#103 million. So #50000 then and #103 million today are equal!!! Cutting it down further, #5 in 1979 and #10000 today have the same purchasing strength.

Sublimesuccess:
Hmmm

That was when my father bought a brand new car for less than #4000. So the annual salary of the president then would buy almost 13 of such cars. Imagine selling that car for 8 million naira in our own time and a modern day president can afford to buy 13 such cars with his BASIC SALARY of 104 million naira. There was corruption then as well.

Even the cover price of the newspaper should tell you something. That newspaper cost 15k then, now it is #300. If you divide #50000 by 15k, it's the same result you get by dividing #100 million by #300, the current price of the newspaper, and I don't even think the official salary of the modern day president is up to #100 million. For the president nowadays to buy the same number of newspapers the annual salary of the president then could buy, he must earn #100 million annually. Let's be relative with the way we think.

Likewise I saw people thinking that the man selling roasted corn in London had struck gold by selling one for £1. Converting the money into naira is a fairy tale. A bottle of coke there is about £2. Imagine selling one cob of corn for £1 and buying a bottle of coke for £2! It's like garbage in, garbage out.

Based on the values copied from Wikipedia below,in 1979, $1=60k, therefore #50,000 then in 1979=$83333.
Let's convert the $83333 back to naira in 2024 when $1=#1235 based on the table, $83333=#103 million. So #50000 then and #103 million today are equal!!! Cutting it down further, #5 in 1979 and #10000 today have the same purchasing strength.

hisgrace090:
Almost 50k dollars then.

Sublimesuccess:
Hmmm

That was when my father bought a brand new car for less than #4000. So the annual salary of the president then would buy almost 13 of such cars. Imagine selling that car for 8 million naira in our own time and a modern day president can afford to buy 13 such cars with his BASIC SALARY of 104 million naira. There was corruption then as well.

Even the cover price of the newspaper should tell you something. That newspaper cost 15k then, now it is #300. If you divide #50000 by 15k, it's the same result you get by dividing #100 million by #300, the current price of the newspaper, and I don't even think the official salary of the modern day president is up to #100 million. For the president nowadays to buy the same number of newspapers the annual salary of the president then could buy, he must earn #100 million annually. Let's be relative with the way we think.

Likewise I saw people thinking that the man selling roasted corn in London had struck gold by selling one for £1. Converting the money into naira is a fairy tale. A bottle of coke there is about £2. Imagine selling one cob of corn for £1 and buying a bottle of coke for £2! It's like garbage in, garbage out.

Based on the values copied from Wikipedia below,in 1979, $1=60k, therefore #50,000 then in 1979=$83333.
Let's convert the $83333 back to naira in 2024 when $1=#1235 based on the table, $83333=#103 million. So #50000 then and #103 million today are equal!!! Cutting it down further, #5 in 1979 and #10000 today have the same purchasing strength.

ucheheart:


Hope you read and understood that the N50k is per year, not per month? Divide it by 12 months before comparing with the salary of the crook in power today.