Business

NBS Discloses Cost of Resident Spent on Household Consumption in Nominal Terms in 2021

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The National Bureau of Statistics has said Nigerian residents spent N108.47tn on household consumption in 2021 in nominal terms.
The figure is higher than the N97.72tn recorded in 2020, showing an increase of 11 per cent amid double-digit inflation.

Written by: Helen Obih

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