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Top 10 Things Nigerians Spend Their Money On by nwakibie3(m): 3:05pm On Nov 10, 2017
Our needs in life are always reflected in our every day expenses. You spend your money on what you regard as important.

The small things we spend money on are however the ones that make the most dent on our finances because they tend to come as daily, weekly or monthly expenses.

Below are the top ten things Nigerians spend their money on that could be affecting their finances without them even knowing. This is based on Nairametrics research.

Airtime;

So many people go through recharge card like its water. I have a friend who claims she doesn’t spend much on airtime because she buys the N100 cards. Between you and me though, she buys at least 6 N100 cards a day. Airtime is top on the list because it’s something people purchase daily (except maybe those who buy larger units, they buy airtime like every two to three days).

Internet subscription; it’s very rare to see someone these days who is not on social media and it all boils down to internet subscription. The craze for Facebook, twitter, Instagram, and other platforms has amplified recently. You hardly see anyone without a smart phone or without internet subscription. Even secondary school students now have to do their homework on line causing parents to subscribe for their computers at home. Network providers make it all the more tempting by providing data plans that are easily affordable for everyone.

Cable subscription; we’d blame this on the ladies for their love of Telemundo and ZeeWorld but the guys are up the same alley with them for their love of sports and music (not to say there aren’t guys who watch soaps or ladies who watch sports; they just aren’t that common). Every other month, Nigerians spend money on cable subscription so they don’t miss out on their favorite shows. It’s become much of a habit; they rarely notice its impact on their finances.

“NEPA” bills; whether you are on the pre-paid plan or the post-paid plan, bottom line is that every Nigerian pays for NEPA bills (even those who don’t get to enjoy the power supply). A lot of people complain that the money they pay is not commiserate with the power they are supplied. Just last week, someone was complaining at a bar, that they hadn’t had light for 3 out of 4 weeks but were still charged very high with no consideration to those 3 weeks.

Fuel; if it’s not for your car then it’s for your generator but Nigerians spend money on fuel daily resulting in fuel stations stationed almost at every turn. Even the black market thrives especially for bikes and keke na pepe.

T-fare; commuting within the city is another way Nigerians spend money. For those who don’t own a car, you have to pay for a bus, taxi, and bike or ‘keke na pepe’ to take you to and fro anywhere; school, church, market, work, out of town. Car owners are not exactly free of this since they need to buy fuel/gas for their cars.

Gas; we’d say kerosene but you’ll agree with me that more people use gas cookers than they use stoves or firewood these days. Almost every household spends money on gas.

Water; people buy water everyday be it sachet water (pure water), bottle water or bore-hole water. It seems like nothing but what you don’t know is that all those N10 or N100 you spend several times a day actually adds up.

Soft drinks; this is common practice. People buy soft drinks everywhere; while stuck in traffic, at a park waiting for your bus to get filled, at schools, at hospitals, in a restaurant, even at your work place. Vendors happen to be everywhere and you can’t help but buy with the usual excuse of ‘I really need something cold to drink’. While it’s not good for your pocket, you should consider the fact that it’s not good for your health either.

Snacks; this goes without saying. Snacks are an accomplice to soft drinks. they almost always go hand in hand but the excuse for snacks is either ‘I’ve not had anything to eat yet’ or ‘I’m too busy to cook an actual meal’

While all these seem like necessities, it will be best if you apply caution. Work them into your budget and avoid impulsive spending at all cost.

What did we miss?


https://nairametrics.com/top-10-small-things-nigerians-spend-money/?utm_source=Nairametrics+Newsletter&utm_campaign=334337fb3b-EMAIL_CAMPAIGN_2017_04_25&utm_medium=email&utm_term=0_c96c21e814-334337fb3b-110392609

9 Likes 2 Shares

Re: Top 10 Things Nigerians Spend Their Money On by IamtherealRita(f): 3:15pm On Nov 10, 2017
Huh
Re: Top 10 Things Nigerians Spend Their Money On by tolugar: 3:21pm On Nov 10, 2017
Beer

Ask NBC

49 Likes

Re: Top 10 Things Nigerians Spend Their Money On by Luckylife(m): 3:32pm On Nov 10, 2017
If woman is not on the list I will not believe it lol!

44 Likes 2 Shares

Re: Top 10 Things Nigerians Spend Their Money On by Nobody: 3:55pm On Nov 10, 2017
Bet9ja
WinnersBet
NaijaBet
MMM
SwissGold
Food
Airtime
Tolls
Pure Water
Pepsi

86 Likes 2 Shares

Re: Top 10 Things Nigerians Spend Their Money On by lonelydora: 3:56pm On Nov 10, 2017
And you refused to mention BEER? This list is fake.

31 Likes 4 Shares

Re: Top 10 Things Nigerians Spend Their Money On by InsideOut247: 3:56pm On Nov 10, 2017
Keneking:
Bet9ja
Re: Top 10 Things Nigerians Spend Their Money On by Bolustical: 3:57pm On Nov 10, 2017
Good

1 Like

Re: Top 10 Things Nigerians Spend Their Money On by Tyrabarbara(f): 3:57pm On Nov 10, 2017
if we don't spend our money on these, what else? crappy list.

10 Likes 2 Shares

Re: Top 10 Things Nigerians Spend Their Money On by Bolustical: 3:57pm On Nov 10, 2017
Hmmn
Re: Top 10 Things Nigerians Spend Their Money On by W3xy1(m): 3:57pm On Nov 10, 2017
Betting should be on that list. Those betting sites make billions daily

2 Likes

Re: Top 10 Things Nigerians Spend Their Money On by OtemSapien: 3:57pm On Nov 10, 2017
Phone
Re: Top 10 Things Nigerians Spend Their Money On by Raph01: 3:57pm On Nov 10, 2017
Brothel man, Brothel.

SOLAR POWER BANKS 5000MAH OR MIRROR POWER BANK FOR LADIES?? CHECK MY SIGNATURE OR CALL/WHATSAPP THE NUMBER ON IT kiss kiss

1 Like 1 Share

Re: Top 10 Things Nigerians Spend Their Money On by lilmax(m): 3:57pm On Nov 10, 2017
nkechi

1 Like

Re: Top 10 Things Nigerians Spend Their Money On by sirjentul05(m): 3:57pm On Nov 10, 2017
1) Bet9ja 2)Condom 3)Olosho

5 Likes

Re: Top 10 Things Nigerians Spend Their Money On by Sirheny007(m): 3:58pm On Nov 10, 2017
Since I came to Lagos early last year,
I have spent up to N700,000 just on Beans and Agege Bread.

44 Likes 5 Shares

Re: Top 10 Things Nigerians Spend Their Money On by SaintzPeter(m): 3:58pm On Nov 10, 2017
hmm
Re: Top 10 Things Nigerians Spend Their Money On by Nobody: 3:58pm On Nov 10, 2017
Mine is harp and cuban Cigars

1 Like 1 Share

Re: Top 10 Things Nigerians Spend Their Money On by NwaAmaikpe: 3:58pm On Nov 10, 2017
shocked

The list is incomplete.

What of porn subscription?
Most of us pay heavily to keep getting original made in Nigeria stuff!
I still don't know why there's no free Nigerian pornsite.


Despite being an active gold subscriber of Hochub, FreeThinkers, Nollynude and MojoNaija.
I am still yet to be impressed with their productions.

32 Likes 3 Shares

Re: Top 10 Things Nigerians Spend Their Money On by johnstar(m): 3:58pm On Nov 10, 2017
Hu told u dat??
Re: Top 10 Things Nigerians Spend Their Money On by pweshboi(m): 3:58pm On Nov 10, 2017
where bet9ja dey?

2 Likes

Re: Top 10 Things Nigerians Spend Their Money On by helphelp: 3:58pm On Nov 10, 2017
Quite accurate
Re: Top 10 Things Nigerians Spend Their Money On by kittykollinxx(m): 3:59pm On Nov 10, 2017
list not complete without beer
Re: Top 10 Things Nigerians Spend Their Money On by SirLakes: 3:59pm On Nov 10, 2017
You no mention pussycat

Some Nigerians can spend their life savings Just to drill a hole

3 Likes 1 Share

Re: Top 10 Things Nigerians Spend Their Money On by Artorius(m): 3:59pm On Nov 10, 2017
The notable absence of books or vacations or charity or other such soul-enriching things is tragic undecided

2 Likes

Re: Top 10 Things Nigerians Spend Their Money On by scholes0(m): 3:59pm On Nov 10, 2017
Internet data to stream videos on X- ideos.com

Btw: the owners of all the Nigerian betting sites like Bet9ja and co must be stinkingly rich ehh!

3 Likes

Re: Top 10 Things Nigerians Spend Their Money On by Faseyi17: 3:59pm On Nov 10, 2017
Foodstuff, restaurants
Re: Top 10 Things Nigerians Spend Their Money On by killdiabetes(f): 4:00pm On Nov 10, 2017
Food


Shelter
Re: Top 10 Things Nigerians Spend Their Money On by Ina2k(m): 4:00pm On Nov 10, 2017
Re: Top 10 Things Nigerians Spend Their Money On by AngelicBeing: 4:00pm On Nov 10, 2017
Keneking:
Bet9ja
WinnersBet
NaijaBet
MMM
SwissGold
Food
Airtime
Tolls
Pure Water
Pepsi
You forgot to add, patronage of Women of easy virtues called www.olosho.com

3 Likes 2 Shares

Re: Top 10 Things Nigerians Spend Their Money On by seejay80s: 4:01pm On Nov 10, 2017
gambling and ashewo

2 Likes

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