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Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items - Business - Nairaland

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Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Onyemadonald(m): 12:55pm On Feb 15, 2019
The Saint Valentine’s Day celebration marked globally may have cost Nigerians about N30 billion spent on purchase of gifts and luxury items to loved ones.

Valentine’s Day, or St Valentine’s Day, is celebrated yearly across the world on February 14. It is the day when people show their affection for one another or people by sending cards, flowers or chocolates with messages of love.

Speaking on a live Television programme- Business Morning monitored on Channels TV yesterday, Senior Economist, SPM Professionals, Mr. Paul Alaje, said that it was estimated that about 40 percent of the country’s 200 million population will spend an average of N5,000 to celebrate St Valentine’s Day.
Alaje explained that the confectionary, entertainment, telecommunications, beverages and drinks and the flower industry will be major beneficiaries of N30 billion figures to be spent. Many families and loved ones would buy cakes, visit the cinemas, restaurants and also purchase Rose flowers in bid to make the celebration a memorable one.

The economist further explained that the Information Communication Technology (ICT) sector is also a major beneficiary as many Nigerians will make voice and internet calls while others will opt to send text messages, adding that those without internet subscription and call credit would be forced to recharge same.

A member of the economic think tank, Financial Derivatives Limited, Temitope Olugbile, said those in the business of ballons and chocolates will equally be making brisk business.
However, she regretted that Nigeria was not getting much value from its cocoa as the major chunk of it are exported and later imported back into the country as chocolates, thereby creating jobs for other citizens of the world.

In Lagos, some of the restaurants and confectionary outlet visted by Daily Sun, recorded huge turn out of customers as long queues of customers were seen making frantic efforts to make payments for products bought. At the popular Ikeja City Mall at Alausa, Ikeja, young lads were seen in most stores buying perfumes and clothings, while others in the restaurants were having fun time with their friends and loved ones as at launch time.

The Shoprite store at Alausa also made huge sales as all the cashier points had long queues of customers waiting in line to make payment for items bought. Meanwhile, Americans according to a new survey, will be collectively spending a whopping $30 billion on gifts for their families, partners, and themselves for the Valentine Day.

SOURCE: https://www.trendingaccounting.com/2019/02/valentines-day-nigerians-spend-n30bn-on.html

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Nobody: 1:01pm On Feb 15, 2019
If you're part of the remaining 60%, gather here.

77 Likes 4 Shares

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by meobizy(f): 1:02pm On Feb 15, 2019
I find this hard to believe.
This soccer bet spammer is obviously not human.
The admin should find a way to scan this forum's server(s) for adware of any sort.
Wetin concern me?
Nobody dey pay me to post here.

14 Likes 1 Share

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Pavore9: 1:05pm On Feb 15, 2019
The economics of "love".

2 Likes 1 Share

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Nobody: 1:05pm On Feb 15, 2019
So true. He's always commenting early. It's annoying that he is posting this kind DA stuff. It's annoying.
meobizy:
I find this hard to believe.
This soccer bet spammer is obviously not human.
The admin should find a way to scan this forum for adware of any sort.
Wetin concern me?
Nobody dey pay me to post here.

9 Likes

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by soberdrunk(m): 1:05pm On Feb 15, 2019
........in 9 months we will get the "full" result..... angry

9 Likes 1 Share

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by pooozeee(m): 1:05pm On Feb 15, 2019
Big lie
I only bought 1k shawama for my girl friend

1 Like

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Pabloosas(m): 1:06pm On Feb 15, 2019
shocked
Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by bivanJohnaliuz(m): 1:06pm On Feb 15, 2019
All in the Name of KpeKUs

7 Likes 2 Shares

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by infromation: 1:06pm On Feb 15, 2019
Okay
Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Soulsymbol99: 1:07pm On Feb 15, 2019
So they r saying only Davido 4 pay the bill of naija on valentine grin
Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by seunogunmolu1: 1:07pm On Feb 15, 2019
whether 100 billion dollars was spent in valentine, all what i know is those people shouting like for Buhari share for Atiku will stop the nonsense by Sunday evening, and what will trend for extra 2 weeks will be the election was rigged.

30 Likes 2 Shares

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Authoreety: 1:07pm On Feb 15, 2019
Only 30

E small na
Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by mayskit4luv(m): 1:07pm On Feb 15, 2019
Ok
Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by snipesdam(m): 1:07pm On Feb 15, 2019
30 billion
Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by castrokins(m): 1:07pm On Feb 15, 2019
I Am A Nigerian But There's No Need To Spend Even A Kobo On Anyone.
Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Eberex(m): 1:07pm On Feb 15, 2019
.

1 Like

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Dianalizzy231: 1:08pm On Feb 15, 2019
How they take calculate am,bvn don dey work for item purchase ? Abi they bought it one store?

2 Likes

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Afonjas: 1:08pm On Feb 15, 2019
POOR COUNTRY CELEBRATING WHAT THEY KNOW NOTHING ABOUT

6 Likes 2 Shares

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by bigstan11787(m): 1:08pm On Feb 15, 2019
big fact lie, nigeria does not have fact for anything

5 Likes

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by harlee(m): 1:08pm On Feb 15, 2019
30bn..yet I didn't spend 1kobo,I guess with or without me the figure will rise
By the way,how dem take arrive at that figure?

2 Likes

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Jh0wsef(m): 1:08pm On Feb 15, 2019
So automatically, let's say women had about N29.8billion in gifts just yesterday


wonderful

8 Likes 2 Shares

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by dingbang(m): 1:08pm On Feb 15, 2019
Who count am?

2 Likes

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by lomprico(m): 1:09pm On Feb 15, 2019
Fat lie

1 Like

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by Deicide: 1:09pm On Feb 15, 2019

2 Likes

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by madridguy(m): 1:10pm On Feb 15, 2019
grin
Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by kingharzy: 1:10pm On Feb 15, 2019
undecided

... And the post closed with $30 billion. . . . . Come on, even the NSE, NLNG, NB, FIRS, NPA, DANGOTE can't do that in a day. . . . buh hey, the mad mod on NL did it.

1 Like 1 Share

Re: Valentine’s Day: Nigerians Spend N30bn On Gifts, Luxury Items by bedspread: 1:10pm On Feb 15, 2019
3OB?

Then Just Imagine the Amount that will be Lost if the Rumour about Shutting down the Internet in Nigeria Tomorrow is True!!

1 Like

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