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Nairaland Forum / Nairaland / General / Politics / Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) (41878 Views)
'Tinubu ‘Graduated’ In 1979, Elnora Couldn’t Have Signed His Certificate - Atiku / Chief Obafemi Awolowo's Private Car in 1979 (photo) / The Official Peugeot 504 Of Olusegun Obasanjo In 1979 As Head Of State (Photo) (2) (3) (4)
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Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by BobbieZion(m): 6:02pm On Jun 28 |
Zxcvbnmghtr: 🗑️ |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by atobs4real(m): 6:03pm On Jun 28 |
When the country in good shape. The humans ruling us here are 😈 They enjoyed vanity upon vanity. Where is Abiola and others? |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by Bridget95(f): 6:03pm On Jun 28 |
Zxcvbnmghtr:some people don't realise that their financial worth in the bank is deprecating by the minute even as they rejoice over APC / Tinubu |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by JuanDeDios: 6:03pm On Jun 28 |
hisgrace090:The naira was bigger than the dollar then. 1 Like |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by omowolewa: 6:03pm On Jun 28 |
Nice |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by Jeffy1206(m): 6:06pm On Jun 28 |
Sublimesuccess:hope you know the 15k is kobo o. 🤔 |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by jumper524(m): 6:09pm On Jun 28 |
GanagiBitrus:tinubu is earning lesser in today's exchange rate if you factor it then. in 1979, naira was stronger than dollar. today the president salary is 2.5 million or so which is less than 2k dollars. in 1979 it was 2 dollar to a naira which is about 100k dollars you should do the maths. shagari been dey cash out big. 4 Likes |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by wittywriter: 6:10pm On Jun 28 |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by kay29000(m): 6:10pm On Jun 28 |
Sublimesuccess: Corruption was massive under Shagari government, that's why people didn't vex too much when Miltary took over his government. 3 Likes |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by Angelfrost(m): 6:12pm On Jun 28 |
50k as salary in 1979 is beyond shocking!!! That was a whole new level of corruption and wastage! E don tay wey this Naija spoil! 3 Likes |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by jumper524(m): 6:13pm On Jun 28 |
Gajagojo:if you convert the figure and divide by 12, you'll know they still earned higher then. 1 Like |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by ogbonti: 6:13pm On Jun 28 |
hisgrace090: more than - its $75,000 (75 Kobo was $1) |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by captianfreeman(m): 6:13pm On Jun 28 |
Wow!!! Nigerian politicians have always been fraudulent, wicked and selfserving. 1 Like |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by blowjohn(m): 6:15pm On Jun 28 |
https://www.youtube.com/watch?v=7T5UYIv4l7s Yesterday's price is not today's price. Fat Joe frm the Bronx said it, and it's universal
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Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by MyAmericandream(f): 6:15pm On Jun 28 |
hisgrace090: Not even up to to what the USA president earned that year. But today it’s the other way round. |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by PDPdestroyer(m): 6:16pm On Jun 28 |
OP must be an Obidient, naivety and blissful ignorance is their trademark 2 Likes |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by orikoku: 6:18pm On Jun 28 |
How do we get to this point in 2024. Can they publish what they earn now? Nigeria is not for the masses. |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by ALLNIGERIANSMAD(m): 6:19pm On Jun 28 |
hisgrace090:more than $50k |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by Dbegining: 6:19pm On Jun 28 |
Gajagojo: False. Nigeria's budget in 1983 was 5.5 billion |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by Abagworo(m): 6:25pm On Jun 28 |
That's about 50 thousand Dollars and today worth above 200 million Naira following devaluation of both Dollar and Naira over the years. 1 Like |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by 10mobile: 6:27pm On Jun 28 |
Sublimesuccess:Your analysis is spot-on. However, the bottom line of any economy is not the exchange rate but the happiness levels of the populace. Why I disagree with the OP's simplistic understanding of exchange rate and agree with your relative thinking, I just hope you are not making a point for the current government because, overall, Nigerians were far happier in 1979/80s than they are today. That said, I also agree with you that there was corruption then too. At least, that's the reason Buhari and his boys gave for overthrowing the Shagari Administration. |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by We4all: 6:29pm On Jun 28 |
Sublimesuccess: Stop blabbing. |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by Autodidact1: 6:30pm On Jun 28 |
The comments shows that people don't read or simply don't think. There's a keyword there ANNUALLY everyone is ignoring it 2 Likes |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by RepoMan007: 6:35pm On Jun 28 |
Racoon:about 75% when you consider the wasted funds on projects and bloated civil service they maintain for strange reasons. |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by tuzle(m): 6:37pm On Jun 28 |
TreasureJunky:the salary is annual salary thou |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by tuzle(m): 6:39pm On Jun 28 |
It seems most of us are not reading well, the 50k is annual salary and not monthly. It is written in the newspaper that #50k a year. So that is about #4,166 monthly. 1 Like |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by DeepSight(m): 6:41pm On Jun 28 |
[quote author=Misterone post=130609616]No, I'm not out of point. This thread is about comparing the president's salary in 1979 and today. It's about the astronomical rise of salaries of politically exposed people. What I'm trying to say is that when you compare the astronomical rise in the salaries of politicians, also compare that of others too. That way, it is balanced [/quote on] Is it so much about this or about the fall in the value of the naira. NASS Entitlements are armed robbery though. |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by tuzle(m): 6:41pm On Jun 28 |
Autodidact1:I swear most of us don't take time to read. Imagine almost all the people who commented on the first page think it is monthly salary, when it is written in the first paragraph that it is yearly. 1 Like |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by tuzle(m): 6:44pm On Jun 28 |
jumper524:u guys need to go back and read the newspaper. It is clearly stated there that it is yearly salary |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by falopey: 6:45pm On Jun 28 |
hisgrace090: Even $50,000 then was like $200,000 today in value and purchasing power. In other words, since $1 was equivalent to 1 naira then. 50,000 naira then is the same as earning $200,000 today. |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by tuzle(m): 6:45pm On Jun 28 |
Angelfrost:guys go back and read the paper, it is yearly salary and not monthly |
Re: Shehu Shagari: Nigerian President's Salary In 1979 (Throwback Photo) by WeirdAlien: 6:46pm On Jun 28 |
GanagiBitrus: That's why you should not believe there's hope in the future. Those who believed then are now elders - nothing they can do again. 1 Like |
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