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In 1963, a bag of beans was sold for N200, as stated in a letter written by Tai Solarin, the founder of Mayflower School in Ikenne, Ogun State, and shared by Senator Dino Melaye. ...READ THE FULL STORY FROM SOURCE ...READ THE FULL STORY FROM SOURCE
The letter dated November 30, 1983, was titled “Feeding our 2,300 children” and was addressed to parents of students at the school explaining the reasons for a fee increase.
In the letter, Solarin explained that the fee increment was necessary due to the socio-economic situation in the country that year, under the government of Shehu Shagari.
He lamented the high price of a bag of beans, which was selling for N200, and mentioned that students would have to pay an additional N20 to their boarding fees. He appealed to the parents for their understanding.
This letter sparked various reactions from Nigerians who shared their thoughts. Some believed that the past was always better than the present.
Given the current state of the country, Nigerians now pay N200, 000 for a bag of beans, compared to the N200 price 41 years ago.
Today, N20 is insignificant as it cannot purchase any valuable item, not even sachet water from street vendors.
Here are some reactions.
@yemjuly wrote: “Why is our past always better than our present. “I remembered this period vividly just before the military took over govt from Shagari. The economy was in terrible shape. There was scarcity of almost everything food.”
Emuobonuvie Odima wrote: “This is one of the best and most inspirational pieces I’ve seen on your page lately and I do hope we will see more of this from you going forward. thanks for sharing and it’s a fact that this is of interest to many. A reflection of the good old days.”
@Horladiplentti1 wrote: “Good old days but it felt like it was a bad experience they were having.May God help us in this country.”
@Davardad: You see how a reasonable leader was explaining why they have to increase the fee and compare it to what EKSU wrote.
@Big_Cookey1: Bag of rice 200, take me to those days. I’ll open a rice warehouse
@apheees_ng: Just add 3 zeros and you have idea of today’s prices.. crazy stuff.
@gr8TPatrick: Hmmm, Nigeria has been facing inflations since 90s.…READ THE FULL STORY FROM SOURCE : …READ THE FULL STORY FROM SOURCE
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