This is basically a survey of middle-class Nigerians I found on HowWeMadeItInAfrica.com which states that they earn between N900,000 ($5,760) to N1.2M ($7,680) per year. The findings are really fascinating. Check it out;
A recent survey by Renaissance Capital of the booming Nigerian middle-class delivered some interesting results.
A recent survey by Renaissance Capital of the booming Nigerian middle-class delivered some interesting results.
Renaissance’s findings are summarised below:
The survey was conducted with 1,004 middle-class Nigerians, with an average monthly income of between N75,000 and N100,000 (US$480 and $645). Participants were drawn from the cities of Lagos, Abuja and Port Harcourt. 70% of respondents were aged 40 and younger.
Education and work: 92% of middle-class Nigerians surveyed have a post-secondary education or have studied at higher institutions of learning. 99% have one or more members of their household in full- or part-time work. The majority (76%) work in the public sector, while 22% work in the private sector. About half of the middle-class population are skilled professionals in paid employment, while 38% are entrepreneurs. Only 2% are employed in other forms of work or are part of a NGO.
The survey was conducted with 1,004 middle-class Nigerians, with an average monthly income of between N75,000 and N100,000 (US$480 and $645). Participants were drawn from the cities of Lagos, Abuja and Port Harcourt. 70% of respondents were aged 40 and younger.
Education and work: 92% of middle-class Nigerians surveyed have a post-secondary education or have studied at higher institutions of learning. 99% have one or more members of their household in full- or part-time work. The majority (76%) work in the public sector, while 22% work in the private sector. About half of the middle-class population are skilled professionals in paid employment, while 38% are entrepreneurs. Only 2% are employed in other forms of work or are part of a NGO.
