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NBS/World Bank survey shows that Nigerians spend more on recharge cards than on food

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NBS/World Bank survey shows that Nigerians spend more on recharge cards than on food

By Segun Odeleye

A recent survey by the National Bureau of Statistics (NBS) and the World Bank shows that Nigerians spend more money to recharge their phones than they spend on feeding.

This was the result of the General Household Panel Survey conducted by the NBS in collaboration with the World Bank Living Standard Measurement Study Group.

On the average, the survey showed that each household in Nigeria spends 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.

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