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I stumbled upon a news item in Business Day (Nigeria) Tuesday October 22, the news focused on an investment company making a case for its mall in Abuja.

in a statement credited to Chudi Ejekam, the Actis Nigeria’s director of Real Estate, he says ‘ there are over 68,000 households with annual expenditure of over USD150,000 per household’

This figure represent about 3percent of Abuja 2.2million persons.

In essence, 3percent of Abuja 2.2million spend around 24.45million naira per household on a yearly basis.

This is quite interesting, I must say. Considering the fact that Abuja is made up largely of civil-servants, a few multinationals.

To put it in Naira terms, that means 68,000 households cough out around 24.45million Naira yearly on expenditures. Don’t ask me where the money is coming from 🙂

 

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Rotimi Olawale is co-founder of youthhubafrica.org. He travels extensively across the continent and beyond. He works  mainly from home, prides himself as an amateur photographer and frequently consults for local and international organisations including the UN, World Bank and the African Union. Catch him on twitter

 

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Rotimi Olawale, co-founder of youthhubafrica.org is a youth development expert. For more than six years he has been involved in leading youth advocacy efforts mainly around the Millennium Development Goals. In 2006, he represented Nigeria as a youth ambassador at the United Nations Global Youth Leadership Summit held at the UN Headquarters in New York. Rotimi has held several global leadership positions including; member, UNFPA Global Youth Advisory Panel for 2 years; member, African Youth Panel. Rotimi is currently involved in shaping local, national and global policies to benefit youth and also leverage opportunities for young people. He was listed by the Nigerian government as one of 15 Nigerian youth on the world stage in 2008.
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