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Nairaland Forum / Nairaland / General / Car Talk / Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 (46708 Views)
Peugeot 504: The Ultimate Car For Nigerian Roads / Peugeot Celebrates 50 Years Of Legend 504, Nigerians Reacts (photos) / Man Redesigns An Abandoned Peugeot 504 In Enugu (Photos) (2) (3) (4)
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Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by Deogratiasfx: 12:46pm On Mar 13 |
PointZerom: Same period mine bought same vehicle brand new for 3k....his salary was 200 naira. 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by Femston: 12:47pm On Mar 13 |
I hate when people use analogy like this in this current time. Do you know what N1,500 was at that time?. Let America also compare what $1,500 was then to now. Mtchewwwww 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by DIVINEEVIDENCE: 12:47pm On Mar 13 |
Watianoengineer: Peter Obi clearly won the election but was rigged out by Balablu and his evil gang of Mahmoud Yakubu and the supreme court. Get well soon. 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by jazzman7711: 12:48pm On Mar 13 |
mrvitalis: I actually cross-checked, and the minimum wage in Nigeria was 60 naira in 1975. https://www.google.com/search?sca_esv=21105454922e231e&rlz=1CDGOYI_enGB1064GB1071&hl=en-GB&sxsrf=ACQVn08At-xjP-VLvfgv3jktgzXsWvcBGg:1710330930394&q=Nigerian+minimum+wage+in+1975+per+month&sa=X&ved=2ahUKEwjWtbecl_GEAxWHQ0EAHacdA9cQ1QJ6BAgxEAI&biw=375&bih=553&dpr=2 Also, that Peugeot 504 was made in Nigeria. That’s why it cost only 1,500 naira. Innoson’s cheapest car cost around 7 million naira, so your 30 million naira figure for a brand new car is wrong and dishonest. You need to apologise to forumers for your disinformation. https://www.tekedia.com/innoson-vehicle-motors-brand-photos-with-prices/ 5 Likes 2 Shares |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by Roger3D(m): 12:49pm On Mar 13 |
seborrhic:That was Buhari's salary when he was the military governor of North Eastern State that year. |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by fredoooooo: 12:51pm On Mar 13 |
How many of those Cars your papa get, as cheap as it was then ? 4 Likes 1 Share |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by iukpe: 12:52pm On Mar 13 |
In 1977 my Dad bought a brand New Volvo 244DL from RT Briscoe for N7,777. Sold our VW Beetle car to our church member for N900 and also a brand new Peugeot 404 pickup for my mum's business at about N4000. In 1979 my secondary school boarding fees was N60 per term and you could eat 3 meals a day for about 3months. In 1985 I could spend N20 pocket money for a week on university campus for meals that cost N1 per plate so approximately 3meals x 7days would be N21 but by the 6th or 7th day I would get another N20 from my dad to carry on the eating. Anything I needed to do was left for me from that same money so if I wanted a haircut, mineral or bread, a new pair of jeans which was also about N1 it was up to my sense of opportunity cost. But It was about the value of the Naira to the dollar which is presumed stable till today. 5 Likes 2 Shares |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by Psoul(m): 12:53pm On Mar 13 |
Goodnewsforlife: In 2014, brand new motorcycle was sold at less than ₦120,000. This 2024, it is sold over ₦900,000 |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by davodyguy: 12:56pm On Mar 13 |
seborrhic:Very retarded people How much was the car in France then and how much is it now? This comparison makes no sense. It's like saying in football, back pass was allowed then, but no longer allowed now. There's no VAR then, but now available. As times changes and technology evolves, price would go up https://www.ooyyo.com/france/c=CDA31D7114D2854F111BFB6FBAF0355BFCB71D6617F286/5052728130397141284.html/ That's the current price now in France. How much was it in 1975? So France economy to has collapsed 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by Inobeyourmate: 12:59pm On Mar 13 |
Goodnewsforlife:Just leave the were alone, you shouldn’t have wasted your precious time replying him |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by davodyguy: 12:59pm On Mar 13 |
DIVINEEVIDENCE:Since Atiku scored more than Obi. Did Atiku also rig the election? 2 Likes |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by monex(m): 1:03pm On Mar 13 |
seborrhic: minimum wage was 60 naira per month while a Pegeout 504 was 1500. this means you can use two years of your minimum wage salary to buy a car today minimum wage is 30,000 while the equivalent car costs 30,000,000 meaning it would take you 83 years of your minimum wage salary to buy a car. your purchasing power parity today is a mess. We are orders of magnitude poorer 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by gotnel: 1:03pm On Mar 13 |
The devaluation started with Babangida SFEM policy. Second tier Foreign Exchange Market. Yes. There was a gradual devaluation before Babangida jargon of economics policy, but the real point of no return started with sfem. My father bought a Peugeot 505GL at the cost of #6,000 ( six thousand naira only) in the year 1985. Bought a Bedford lorry 5 tons at the cost of #11,000 the same year. I can categorically remember my father and his friends saying that the vehicles are now costlier than they expected. Now in Nigeria,what can we do with any amount up to 999,000 naira? I just believed that life was much more easier then. Hope is not lost Life continues Work hard Try to meet up God bless our hustling |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by LaSenior: 1:06pm On Mar 13 |
My dad bought his for 5500 the first model with round headlights 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by AreaFada2: 1:08pm On Mar 13 |
mrvitalis:You do not need to waste your time on that guy. As a kid, we went with a relative who was a salary earner and bought a Beetle Ijapa car. 3k. Since we paid cash, we even got an extra tyre (a second new tyre) and a gallon of oil thrown in. Long after 1975 o. Remember that by 1975, there was even a bit of inflation due to Udoji award that increased money in worker's pockets since a couple of years earlier. 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by CluelessMODS: 1:11pm On Mar 13 |
Justnation:You people reason like illiterates all in the name of trolling. Tell me anywhere in the world where price of car and other goods remain the same from 1975 till now. Is the price of car the same 1500 during Shagari, Buhari, Babangida, Shonekan, Abacha, Obasanjo, Yaradua, Good luck and Buhari (second time) ? Kids! Do you know the minimum wage in 1975? How many people can afford to buy that car? 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by stagger: 1:11pm On Mar 13 |
Pauldollars: Totally messed up. In 1975, my dad could buy that Peugeot with 3 months pay. As of his retirement, he would need 7 years pay to buy the same brand new car. |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by gentleguy1975: 1:12pm On Mar 13 |
Goodnewsforlife:those days, that #1500 was not easy to come by! I remember I used to buy bread and butter two kobo(though not enough to fill my stomach) 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by stagger: 1:12pm On Mar 13 |
gotnel: God will punish Kalu Idika Kalu and Chu SP Okongwu. They brought this shit upon us. 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by CluelessMODS: 1:12pm On Mar 13 |
stagger:Your dad must be earning big. 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by gentleguy1975: 1:14pm On Mar 13 |
jazzman7711:to butres your point, even during shagari first term early 80s,there was austerity measure 2 Likes |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by sukkot: 1:15pm On Mar 13 |
You don minit 👀 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by Goodnewsforlife: 1:15pm On Mar 13 |
Bayajjidda:keep quiet oga u ain’t talking to a kid That bread was 750 as at Jonathan regime cos I remember it’s my fathers favorite n anytime I enter shop rite I dey buy am for my dad in a steady U guys should just calm down |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by CluelessMODS: 1:16pm On Mar 13 |
oluztx:How do you know they are from South West? Una bullshit is too much! Must you bring tribalism into everything? 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by Geovanni412(m): 1:17pm On Mar 13 |
Pauldollars: This is a terrible comparison to make Why compare price of two unrelated products instead of cost of bread in 1975 v now? 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by stagger: 1:18pm On Mar 13 |
CluelessMODS: That was then. Pre-1982. Life was too good. We started feeling the pinch from 1982. By 1986/87, the changes in our family finances for the worse became evident. 2 Likes |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by CluelessMODS: 1:19pm On Mar 13 |
jazzman7711:At a point it was even 75 Naira...kids plenty on this Nairaland. 2 Likes 1 Share |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by eldoradoxx: 1:19pm On Mar 13 |
In UK and US and major economies, you still can get cars for $1500 0r £1500. These are countries that refused to bow to the things we bow to in Nigeria, ethnic and religious sentiment in choosing our leaders. 1 Like |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by Babalegba(m): 1:20pm On Mar 13 |
The O.P lied. The price of that car then was 4k. Why do nigerians lie and exaggerate to make a point. It's childish 2 Likes 1 Share |
Re: Peugeot 504 Price In 1975 Vs Price Of Bread In 2024 by CluelessMODS: 1:21pm On Mar 13 |
stagger:Babangida added salt to injury when he started second tier foreign exchange market SFEM in 1985/1986 |
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