Nigerians spend over half of their earnings on food, worst globally

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Data compiled by Picodi, an international e-commerce organisation, shows that the average Nigerian household spends about...

Aisha Ibrahim, a Kano-based fashion designer, is struggling with stagnant earnings and dwindling fabric sales. She is being squeezed by the ever-increasing prices of food, leading her to cut down on the amount she can use to put food on her family’s table.

Picodi researchers analysed statistical data from 105 countries and calculated how much money people spend on their groceries worldwide. Nigeria ranked 105th out of 105 countries.EXCLUSIVE: Deregistration: How parties exposed INEC’s fake appeal records at Supreme Court In contrast, residents in the US, Singapore, UK, Ireland, and Switzerland spend less than a tenth of their income on food and non-alcoholic beverages. The US is 6.7 per cent, Singapore – 8.4 per cent, the UK – 8.7 per cent, Ireland – 9.2 per cent and Switzerland – 9.9 per cent, the report said.

 

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