How Nigerian consumers can manage cost-of-living crisis
By Reuters
13 November 2023 |
3:25 am
A survey by SBM Intelligence shows that Nigerian consumers spend about 97.4 per cent of their average income on food. The report highlights how high inflation, sluggish economic growth and high unemployment rates fuel Nigerian consumers' cost-of-living crisis. Seyi Awojulugbe, Senior Analyst, SBM Intelligence joins CNBC Africa for more.
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