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NBS Shows Amount Nigerians Spent on Food In 2019

Emmanuel Onminyi by Emmanuel Onminyi
May 10, 2020
in Business, Economy, National, News
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NBS Shows Amount Nigerians Spent on Food In 2019
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The latest survey conducted by the National Bureau of Statistics, NBS, shows that Nigerians spent about ₦22.8 trillion on food in 2019.

The survey suggests that this figure is about 57 per cent of the total spending (N40.2 trillion) by Nigerians for the outgone year.

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According to the NBS, the largest amount of food expenditure- ₦4 trillion, was spent on food consumed in restaurants, bars, among others.

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Tuber produce such as yam, potatoes etc., and plantain were the next most consumed food items at ₦2.5 trillion, followed by rice, ₦1.9 trillion and vegetables, ₦1.7 trillion.

Eco Bank

Meanwhile, beverages cost Nigerians ₦296.6 billion, confectioneries accounted for ₦205.5 billion, while ₦150.2 billion was spent on bottled and can alcoholic drinks.

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The NBS data also showed that Nigerians spent about ₦17.4 trillion (about 43 per cent of their spendings) on non-food expenses in 2019.

Transportation (₦2.6 trillion), health (₦2.5 trillion), education (₦2.4 trillion) and telecommunication services (₦2.2 trillion) top the list in this category.

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In the period under review rent gulped (₦2.1 trillion), fuel and power (₦2 trillion), clothing and footwear (₦1.8 trillion), household goods (₦1.1 trillion), entertainment (₦428.2 billion), water (₦197.6 billion).

Meanwhile, the South-west, it was learnt, recorded the highest overall household expenditure as well as the highest expenditure on food and in non-food categories, while the North-east (excluding Borno) recorded the lowest.

The NBS wrote in its report:

In most developed countries, it is the opposite, where the consumption pattern is skewed towards non-food items.

Lagos is a clear indication of a state with an emerging economy. Lagos state’s expenditure on non-food items was more than its expenditure on food.

Among the states of the federation, Lagos recorded the highest consumption expenditure at ₦5.1 trillion (13 per cent of Nigeria’s), followed by Oyo with ₦2.3 trillion (5.83%), Delta’s ₦2.1 trillion (5.38%), Rivers’ ₦2 trillion (4.99%) and Kano State- ₦1.97 trillion (4.91%).

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In the meantime, Yobe (₦420 billion), Nasarawa (₦383.6 billion), Ebonyi (₦310.2 billion) and Taraba (₦297.4 billion) ranked below the list.

Tags: FoodNBSNigeriaNigerians

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