NewStats: 3,264,013 , 8,182,264 topics. Date: Monday, 09 June 2025 at 09:52 AM 3g2d3t

The Nigeria of 1978, $13,100 was ₦10,220. What is the rate today? Bad leadership and corruption destroyed our economy.
Once upon a time in Nigeria, Naira was above dollar. That was when we were GIANT of Africa. Not anymore.
Then, $13,100 was ₦10,220
Today, $13,100 is ₦19,650,000.

Congratulations to all the ers of failed government and corruption

system21:
The Nigeria of 1978, $13,100 was ₦10,220. What is the rate today? Bad leadership and corruption destroyed our economy.
Once upon a time in Nigeria, Naira was above dollar. That was when we were GIANT of Africa. Not anymore.
Then, $13,100 was ₦10,220
Today, $13,100 is ₦19,650,000.
Congratulations to all the ers of failed government and corruption

What's the value of $13,100 in 1978?

dem go still attack you,dis days if u Dey waka 4 road some elderly women go Dey beg you 4 money,same people wey collect rice nd wrapper during election..nd dere children Dey nairaland 247 Dey defend same government,while dere parents Dey beg

system21:
The Nigeria of 1978, $13,100 was ₦10,220. What is the rate today? Bad leadership and corruption destroyed our economy.
Once upon a time in Nigeria, Naira was above dollar. That was when we were GIANT of Africa. Not anymore.
Then, $13,100 was ₦10,220
Today, $13,100 is ₦19,650,000.
Congratulations to all the ers of failed government and corruption



Many people here wouldn't understand because they were no born them

Tinubu is Nigeria's worst ever President.

Bobloco:


What's the value of $13,100 in 1978?

₦10,220 according to the news paper, abi eyes dey pain you

system21:

₦10,220 according to the news paper, abi eyes dey pain you

I don't mean the Naira value

I am referring to the dollar value

.

eliyke:
dem go still attack you,dis days if u Dey waka 4 road some elderly women go Dey beg you 4 money,same people wey collect rice nd wrapper during election..nd dere children Dey nairaland 247 Dey defend same government,while dere parents Dey beg

It's very shameful. Sometimes you begin to wonder what this people benefit from ing bad governance

Bobloco:


I don't mean the Naira value

I am referring to the dollar value

ers of Tinubu failed government you can give us the value of dollars in 1978

Our currency today is the weakest in Africa


$13,000 today is over 13m naira

Kids of nowadays, SMH!. When you stopped history in schools, this is what you get- ignorance!, blissful ignorance!. If you knew the level of great hardships that our parents went through during the period, you won't be here heaping a satanic worship on a man who initiated the begining of economic woes on Nigeria. With the introduction of SAP, IBB destroyed the economic foundation and progress of the country. In one fell swoop, naira was devalued by 500%, then up to 2000%, our debts increased to about $34billion, inflation rose to 54%. We could barely service our short term loans and thus, sellers overseas were reluctant to sell goods to us. Till today, we haven't recovered from SAP, IMF, World Bank captivities that IBB led us into and guess who was the Finance minister at the time, an economist and an ex-World Bank staff, Dr Kalu Idika. Kalu. If there's anyone that should be tied to a stake and shot, it is these two evil geninuses.

-kiss the truth!

1

TimeManager:
Kids of nowadays, SMH!. When you stopped history in schools, this is what you get- ignorance!, blissful ignorance!. If you knew the level of great hardships that our parents went through during the period, you won't be here heaping a satanic worship on a man who initiated the begining of economic woes on Nigeria. With the introduction of SAP, IBB destroyed the economic foundation and progress of the country. In one fell swoop, naira was devalued by 500%, our debts increased to about $34billion, we could barely service our short term loans and thus, sellers overseas were reluctant to sell goods to us. Till today, we haven't recovered from SAP, IMF, World Bank captivities that IBB led us into and guess who was the Finance minister at the time, an economist and an ex-World Bank staff, Dr Kalu I. Kalu. If there's anyone that should be tied to stake and shot, it is these two evil geninuses.

-kiss the truth!

IBB in 1978

They apply brain to this Zombiesm na 🧟‍♂️ 🧟‍♂️

system21:
The Nigeria of 1978, $13,100 was ₦10,220. What is the rate today? Bad leadership and corruption destroyed our economy.
Once upon a time in Nigeria, Naira was above dollar. That was when we were GIANT of Africa. Not anymore.
Then, $13,100 was ₦10,220
Today, $13,100 is ₦19,650,000.

Congratulations to all the ers of failed government and corruption

I thank God no igbo man will be blamed for Nigeria problems

Is that why we started importing everything and anything because it was cheaper to buy abroad and sell here at a higher rate and make profit? Now their economy has grown with our money and we still can't produce anything.

Zulu11zulu:
I thank God no igbo man will be blamed for Nigeria problems

Nnamdi Azikiwe that forced us together na idoma man?

Agboriotejoye:

IBB in 1978

They apply brain to this Zombiesm na

How did we get here?.
How can somebody with a brain skip an IBB era which was the begining of the economic disaster and then fly into 2024?, how possible?. Use your brain.

-kiss the truth!

kokoA:
Nnamdi Azikiwe that forced us together na idoma man?

Nigeria was a healthy country when nnamdi forced us to be together.

After then other tribes said no igbo man will ever rule Nigeria and then the country started nosediving till it reached its current depths today.

So you can't blame the igbo man for the rundown state of the country, you can only blame azikiwe for forcing us to be together even though his people could never rule the country.

So don't blame the igbo for Nigeria rot. Blame the hausas, fulani and yorubas.

Zulu11zulu:
I thank God no igbo man will be blamed for Nigeria problems

Everyone knows the collapse of Naira started during the SAP regime of IBB and the person who introduced SAP to him was an igbo man who was his finance minister.

-kiss the truth!

FourQu:


Nigeria was a healthy country when nnamdi forced us to be together.

After then other tribes said no igbo man will ever rule Nigeria and then the country started nosediving till it reached its current depths today.

So you can't blame the igbo man for the rundown state of the country, you can only blame azikiwe for forcing us to be together even though his people could never rule the country.

So don't blame the igbo for Nigeria rot. Blame the hausas, fulani and yorubas.

If the country was healthy as you claimed, then why was there a coup by the military?. According to the coupists, the country was messed up in corruption and they needed to cleanse the system of corrupt politicians, which Azikwe was the President. So why would you absorb igbo?

-kiss the truth!

What was the population of Nigeria then?
How many Nigerians consumed imported products then?
Your grandparents likely survived on pounded yam and bitter leaf soup back then. Now that you chase after oyinbo things without producing anything to export what do you expect?

I am hopeful that Nigeria would one day rise from ashes and become a beacon of hope for the black race.

TimeManager:
Kids of nowadays, SMH!. When you stopped history in schools, this is what you get- ignorance!, blissful ignorance!. If you knew the level of great hardships that our parents went through during the period, you won't be here heaping a satanic worship on a man who initiated the begining of economic woes on Nigeria. With the introduction of SAP, IBB destroyed the economic foundation and progress of the country. In one fell swoop, naira was devalued by 500%, then up to 2000%, our debts increased to about $34billion, inflation rose to 54%. We could barely service our short term loans and thus, sellers overseas were reluctant to sell goods to us. Till today, we haven't recovered from SAP, IMF, World Bank captivities that IBB led us into and guess who was the Finance minister at the time, an economist and an ex-World Bank staff, Dr Kalu Idika. Kalu. If there's anyone that should be tied to stake and shot, it is these two evil geninuses.

-kiss the truth!

Another er of failed regime on the lose again. A bag of 50kg rice was N8000 before calamity (APC) befall Nigeria today it's over N60000 TODAY. Can you give us prices of commodities before and after IBB regime let compare it with calamitious APC

kokoA:
Is that why we started importing everything and anything because it was cheaper to buy abroad and sell here at a higher rate and make profit? Now their economy has grown with our money and we still can't produce anything.

Another er of failed government, ordinary Benin Republic that produces next to nothing their CFA is performing far better than naira and This one is here typing rubbish on public space

TimeManager:

If the country was healthy as you claimed, then why was there a coup by the military?. According to the coupists, the country was messed up in corruption and they needed to cleanse the system of corrupt politicians, which Azikwe was the President. So why would you absorb igbo?

-kiss the truth!

And for how many years was azikiwe president? Do you want to compare it to the over 60 years that youruba and hausa+ fulani were rotating their own presidency?

Failed state at it again..... state is failed to the core

Feldie:
What was the population of Nigeria then?
How many Nigerians consumed imported products then?
Your grandparents likely survived on pounded yam and bitter leaf soup back then. Now that you chase after oyinbo things without producing anything to export what do you expect?

APC ers has been programmed to believe that Nigeria economic woos due to importation of goods and not bad governance and corruption

TimeManager:
Kids of nowadays, SMH!. When you stopped history in schools, this is what you get- ignorance!, blissful ignorance!. If you knew the level of great hardships that our parents went through during the period, you won't be here heaping a satanic worship on a man who initiated the begining of economic woes on Nigeria. With the introduction of SAP, IBB destroyed the economic foundation and progress of the country. In one fell swoop, naira was devalued by 500%, then up to 2000%, our debts increased to about $34billion, inflation rose to 54%. We could barely service our short term loans and thus, sellers overseas were reluctant to sell goods to us. Till today, we haven't recovered from SAP, IMF, World Bank captivities that IBB led us into and guess who was the Finance minister at the time, an economist and an ex-World Bank staff, Dr Kalu Idika. Kalu. If there's anyone that should be tied to stake and shot, it is these two evil geninuses.

-kiss the truth!

1.IBB was not in power in 1978

2.The problem began in 1982, when oil prices crashed, ending the good old days of sustained high oil prices, and by extension a strong naira.

3.Naira was kept artifically strong until the late 1980's when it was devalued. It could not remain strong forever with limited dollars coming in.

You want to blame someone? Blame NIgerian leaders over the years for not diversifying our economy, especially apc under buhari and tinubu.

4.As for debts rising...in 1982, oil prices crashed. To maintain the good life, we had to take loans..and more loans.

TimeManager:

Everyone knows the collapse of Naira started during the SAP regime of IBB and the person who introduced SAP to him was an igbo man who was his finance minister.

-kiss the truth!

The collapse of the naira was inevitable when the oil price crashed in 1982. Government tried delay tactics, but by 1989, the reality set in.

system21:

Another er of failed government, ordinary Benin Republic that produces next to nothing their CFA is performing far better than naira and This one is here typing rubbish on public space

CFA franc is partly backed by , which is why the currency appears strong, even then as at 2022, it was falling against the dollar too.