Graphics: The ₦500,000 ticket into Nigeria’s middle class
Income data on Nigeria's population.  Source: Stears Business

Location - and even more specific postcodes or zip codes - can be a good indicator of a person’s finances; from income to spending, saving and investment habits. So we decided to see what income looked like across several states in Nigeria - given the noticeable growing wealth gap.

Based on World Bank data, the annual Gross National Income (GNI) per capita (Current Local Currency Unit) for Nigeria in 2019 was ₦700,978. Gross National Income (GNI) is a measurement of a country's income i.e. earnings by residents, businesses, and from foreign sources.

 

 

GNI per capita, as measured in the local currency, has been growing quite significantly in the last two decades.

Unfortunately for Nigerian’s planning to spend some of that income abroad, the

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Abdul Abdulrahim

Abdul Abdulrahim

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