Lagos - In a trend linked to massive layoffs of
workers as companies cut on costs, a decline has been noted in the satisfaction
of Nigerians with their well-being.
According the Portfolio of Indices report released by
NOIPolls Limited for the second quarter of the year, has revealed that the
NOIPolls Personal Well-Being Index (PWBI), which assesses how Nigerians feel
about their lives, declined by 0,6-points to stand at 63,9-points.
A detailed analysis of the individual indicators that make p
the PWBI revealed that while Nigerians were still much satisfied with their
religion (89,2-points) and Social Interaction in their society (78,4-points).
Nigerians showed further dissatisfaction with their Standard
of living (48,3-points) and Personal economic situation (38,9-points),
even as these indices experienced the highest decrease of 2-points each in Q2,
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The Consumer Confidence Index (CCI) further decreased by
3,5-points to stand at 56.4-points in Q2, 2016 when compared with the result (59,9-points) obtained from Q1, 2016. The CCI depicts how
the purchasing power of Nigerians affects the general economy of the nation.
PWBI and CCI were conducted in Q2, 2016.
The PWBI involved telephone interviews of a random
nationwide sample. A total of 3 000 randomly selected phone-owning Nigerians
aged 18 years and above, representing the six geopolitical zones in the
country, were interviewed.
“With a sample of this size, we can say with 95 percent
confidence that the results obtained are statistically precise - within a range
of plus or minus 3 percent,” NOIPolls stated.
- CAJ News