Report: Nigerians Accumulate Debt, Spend Savings Amid Economic Hardship …C0NTINUE READING HERE >>>
Because of the rising cost of goods and services, Nigerians are spending their savings and taking on debtIn July 2024, most consumers had a negative outlook because they anticipated running out of money or getting into debt. Meanwhile, respondents voiced hope for improved economic conditions and more income in the ensuing six months
Henzodaily.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.
Nigerians are spending their savings and accruing debt due to the rising prices of goods and services, despite the optimism of many.
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