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Research Document: NESG Consumption Expenditure Alert


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Posted Mon, May 18, 2020 8:30 AM

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Nigerian Consumption expenditure on food and non-food items in 2019 almost doubled relative to 2009 figure The Nigerian Bureau of Statistics recently published its report on Consumption Expenditure Pattern in Nigeria for 2019. The report shows that Nigeria’s total consumption expenditure on food and non-food items in 2019 stood at N40.2 trillion. This represents an 86 per cent increase from N21.6 trillion recorded in 2009/2010 - almost double within a decade. The consumption figure as reported depicts the level of aggregate demand and welfare in the economy. This by extension suggests improved aggregated demand over the past ten years, which amounts to 55.8 percent share of the real gross domestic product (GDP) in 2019.

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All text, graphics, audio files, code, downloadable material, and other works on this web site are the copyrighted works of the Nigerian Economic Summit Group (NESG).