Tag
HOUSEHOLD CONSUMPTION
Specifically, household consumption expenditure fell by -42.28% in Q1 2024 and -61.18% in Q2 2024, reflecting lower rates compared to the same quarters in 2023. On a quarter-on-quarter basis, real household consumption expenditure decreased by 45.71% in Q1 2024 and plummeted by 99.24% in Q2 2024. These figures are difficult to digest.
Nigerians spent a sum of N108.47 trillion on household consumption in 2021, representing an 11% increase compared to N97.72 trillion incurred in the previous year...
Nigerians spent less on consumption expenditure in the first half of 2020 as Covid-19 hit income