Top 7 things that Nigerians spend their money mostly on

Civilization and advancement in technology come with its own share of expenses. As a matter of fact, there are certain spending habits that are fast becoming normal routines in our lives.

However, this article will focus on the top 7 things that consume Nigerians’ money most. If you live in Nigeria, you will agree with us that there are certain things that take money from us, almost on daily basis. These little expenses consume a large percentage of our income without anyone realizing it.

Top 7 things that Nigerians spend their money mostly on 1

Therefore, we’ve gathered the list of top 7 things that consume Nigerians’ money most.

#1. Mobile Phones

One of the things that consume Nigerians’ money most is Mobile phone. This may sound funny, but take a critical look at it, an average Nigerian buys a mobile phone at least twice in a year.

In fact, some people are so addicted to Smart Phones that they always buy the latest iPhone, Samsung, Infinix or Tecno Smart Phones. These mobile phone addicts will always go extra mile to get a new phone once they spot it.

#2. Aso -Ebi

Aso Ebi is also among the things that consume Nigerians’ money most. As a matter of fact, it is fast becoming a norm in Nigeria for friends, relations, colleagues even neighbors to buy Aso Ebi a marriage ceremony.

Funny enough, once you fail to buy Aso Ebi, I tell you, the bride or groom will tag you their number one enemy. As I am writing this, I have over 10 Aso Ebi material that I am yet to sew. Oops, if there is a way to stop this, it could have been very awesome.

#3. Internet Data

Data is another area Nigerians spend money on heavily. 7 out of every 10 Nigerians definitely have a Smartphone that requires data for internet connection. Thus, they spend money on buying data. Especially those whose second home is social media.

It may interest you to know that some Nigerians spend as high as ₦5000 for data per month.

#4. Recharge Telcom Call Cards

You definitely don’t need a soother to know that recharge card is one of the things that consume Nigerians’ money most. It is arguably one of the areas most Nigerians spend on the most.

No matter how broke you are, you must try to buy recharge card especially when you are in a serious relationship. An average Nigerian spends a minimum of ₦700 on recharge card Per week. Oops! This is about two thousand eight hundred naira a month.

#5. Fuel For Generator and Car

Fuel is another area that consumes Nigerians money. Most people in Nigeria either have a car or generator that requires fuel to operate.

As it is now, a liter of fuel is sold for about ₦145 in Nigeria. Do the maths, you will understand how Nigerians spend a huge amount of money on Fuel every day.

#6. Consumption of Alcohol

Alcohol is also part of the things that consume Nigerians’ money most. Most guys in Nigeria consume at least two bottles of alcohol a day. Some people may even prefer buying you alcohol to giving you money.

#7. Transportation

Transportation is another area that consumes our money very well in Nigeria. As a matter of fact, most people spend a large proportion of their income on transportation. You will understand what I am saying if you live in Lagos.

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