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The value of ₦40,000 in 2015 equivalent to over ₦500,000 today – Farah Dagogo
A former member of the National Assembly, Dr Farah Dagogo, has complained about the decrease of value in Nigeria, stating that ₦40,000 in 2015 is equivalent to over ₦500,000 in today’s economy.
The former lawmaker expressed grave concerns about worsening economic indicators, predicting increased hardship for citizens. He described the current living conditions in the country as bleak and questioned why the population continues to suffer despite Nigeria’s wealth of natural resources. He emphasized that purchasing power has drastically declined over recent times, noting that hyperinflation levels have reached unprecedented heights not seen even during the civil war.
The value of ₦40, 000 in 2015 is equivalent to over ₦500, 000 in today’s Nigeria in 2024. Criss-cross the costs of goods and services during this period and vis-a-vis the reality of today and we all will come to that sad realisation. That was why labour was justifiably demanding for a living wage.
“The inconsolable unavoidable truth is that the value of the money most people are getting or earning in 2024 is not too different from that of 2015, but the purchasing powers have practically gone out the window,” he said in a statement issued by his media aide, Ibrahim Lawal, on Saturday, June 15, 2024. “Anti-people and inhuman economic policies have helped put the people in a terrible state. Money that could comfortably procure over 10 50kg bags of rice in 2015 can only buy one now, yet no improvement in the real money in the hands of the people.
“Something has to give way, this cannot continue. These sufferings and hardships have to be remedied. Unfortunately, optics point to further pains for the citizenry,” he added.
Former Federal Lawmaker, Shehu Sani expresses his support for the controversial Tax Reform Bill. The Northern Governors have chosen to be against the Tax reform Bill sent by President Bola Tinubu’s government. With this much opposition, the National Economic Council advised the President to withdraw the bill.
After President Tinubu stating the bill will go through on the media, Shehu Sani reacted and stated the bill will be beneficial to the country and fair to all parts. “People should keep aside sentiments and read the Bill carefully.
American Social Media Influencer, Adin Ross wins over $1.6 Million after his bet in Donald Trump winning the US Presidential Election.
The influencer reveals her dropped $1 million bet on Donald Trump before the Election Day. With Trump winning the election, the influencer has won 1.6 million dollars.
The influencer also once hosted Donald trump at one of his live sessions, the influencer also showed support for Donald Trump.
Barack Obama reveals the reason on why his daughter, Malia, has dropped the family name from her filmmaking career. His daughter, Malia, is now 26 and has started making a name for herself in the entertainment industry and is working on her debut film “The Heart”.
Obama explains that Malia has made this decision in order not to be judged by her name to avoid criticism that she made it through her father’s connections. She wants to make a name for herself and wants to be judged by her own efforts and not her father’s name. Obama also spoke on how he has raised his daughter away from the public eye for the sake of a normal upbringing.
Former Lawmaker, Shehu Sani Shows Support For The Tax Reform Bill
Adin Ross Wins $1.6 Million Dollars For Betting On Trump’s Win
Barack Obama Explains Why His Daughter Dropped the Family Name
AI Avatar Design: A Low-Competition Fiverr Keyword for New Freelancers
“Egg Prices Could Soar to N10,000 per Crate” – Poultry Farmers Warn
Abba Kyari, Suspended Deputy Commissioner of Police, Denied Bail and Returned to Prison
FG Counsel Refutes Claims of Arraigned Protesters Being Minors, Labels Them Adults and Married Men
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