Tags : Household consumption

Nigerians’ Household Consumption Spending Rises To N108tn

The National Bureau of Statistics has said that Nigerian residents spent N108.47 trillion on household consumption in 2021 in nominal terms. The figure is 11 percent  higher than the N97.72tn recorded in 2020. This is an  increase amid double-digit inflation of 15.92 recorded in march 2022. The NBS, which disclosed this in its recent Expenditure […]Read More

Household Consumption Drops By N1.6 trillion

Nigeria’s household consumption for 2020 dropped by ₦1.6 trillion, according to the National Bureau of Statistics’ latest Gross Domestic Product report (Expenditure and Income Approach) report released.  The statistics agency said total household consumption dropped from ₦108 trillion in 2019 to ₦106.4 trillion in 2020. Consumption expenditure is an important indicator in measuring economic growth […]Read More