Nigerians may be spending more money to recharge their phones than they
spend on feeding, a recent survey by the National Bureau of Statistics (NBS)
and the World Bank
has indicated.
The result of the General
Household Panel Survey conducted by the NBS in collaboration with the World
Bank Living Standard Measurement Study Group indicated that each household in
Nigeria spends an average of N20,874 on recharge cards, N14,620 on food N33,
373 on house rent, N13,860 on petrol, N7,748 and N6,660 on kerosene on a
monthly basis.
Using the data as a basis to calculate for the entire country showed that on
average monthly, Nigerians spend about N449.73 billion on recharge cards,
N399.65 on food, N143.3 billion on kerosene, and N149.17 billion on house rent.
The data also showed that Nigerians hardly use mortgages facilities to pay for their homes, but
rather purchase houses
directly. According to the data, the amount spent to service mortgages was the
least of the expenditure profile of the average Nigerian family with an average
of N3.09 billon used monthly as against the monthly estimate of N149.17 billion
spent on payment of house rents monthly.
According to the NBS, 5000 households were selected from the NBS’ annual
general household database (cross-sectional covering the six geo-political
zones) and surveyed to generate the data released in the GHS Panel report for
2012/2013.
Though the data above indicates average expenditure patterns by per
household in Nigeria, it was enlarged to cover the entire population in the
country.
The NBS estimates that the average Nigerian family had 5.7 people per household.
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