Lagos - Many Nigerian families tend to spend more money on their phones than they do on food according to new figures from the National Bureau of Statistics (NBS) and the World Bank, reports Leadership.
The report found out that on a monthly basis, 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.
Overall, the figures showed that Nigerians spend about N449.73 billion on recharge cards and N399.65 on food on a monthly basis.
The report suggests that food is less important than phones to more than 3 in 5 households/
Read more at Leadership