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. Using a population of 170 million as at year end 2013, an estimated 29.8 million households were gotten for the entire country.

http://leadership.ng/business/343678/nigerians-spend-more-on-recharge-cards-than-food

Perhaps, the cost of recharge cards and data should be looked into because we still need the services offered but not at the expense of our daily bread.

Most ppl don't know

Very correct, that's why some people beg for airtime all the time. Talk is not cheap anymore.

On point,,!!! Not to talk of money spend on data purchase,,,

Says who?? I spend more on food.

Who do d survey? Where dem do am!
Iffa hear dat again... I go sue u... My papa go by jst #100 card, use am 4 2wks, my mama too, me na #50 naira transfer I dey do... I no dey even get mb... Y dem no survey me nah? Make I spoil evrytin 4 dem.

that is caused by that silly girl that use to say one minute remaining, you can borrow this bla bla bla. Buhari needs to get her arrested asap!

K

If you no get alert,how you wan chop na??

y

Are u sure? Cos dem alawin. Pple rarely callor message now, all na whatsapp or bbm

This trend about airtime reminds me of something..., I did a stat of how much I spent in calling my long distance ex last year... When I arrived at the final result of 42,350 par annual, I just broke up with her without looking back.

Hmmmmm.......such is life

A good example is myself.

Yes nah. Imaging me dating four girls at a time. I waste money calling dem every day. Y recharge card money no go plenty pass food money. I pity myself tho

I think the exorbitant price of data accounts for a reasonable part of the expenditure on recharge cards.

lol

toh hw nigerians go do na.

We need to keep in touch with our loved ones both home and abroad...

We need to browse...

We need to send sms..

We need to do business calls too..


Sometyms some of These things important pass food na

e.g YOU HAVE N100 AND U NEED TO CALL SOMEBODY THAT OWES YOU MONEY BECAUSE YOU ARE REALLY BROKE AND U NEED IT ASAP.
ALSO, YOU ARE VERY HUNGRY..

WHAT WOULD YOU DO

Only if you are drinking garri and groundnut +/- salt.
Man must chop talk!
These days am more restless without data than without food

big lie.

Who told you that?

Ghk

I think what Nigerians need is a drastic slash in cost of using a phone

na lie. Sunday lie. Chai dia is God oooo. front page tinz. Gmb my hero, Mum my mentor

Bb subscription

hahahaha.. not for guys like us..

we can eat for Africa..

frosh bouyss dont play with their bellies.

my gf taught me how to use card lavishly ...she can be on phone for hours...no b extracool oo, girl wey dy call u always..u no go wan fall hand nw, u2 go wan show, na so I dy use all my pocket money buy card ooo

Wrong analysis, Nigerians spend more on fuel than recharge cards

True talk @ op. anyway I hardly buy airtime