Cost of Living: Households reduce consumption expenditure
At the backdrop of the escalating cost of living crises, the National Bureau of Statistics, NBS, has released the long awaited ‘Gross Domestic Product (GDP) Report by Expenditure and Income Approach’, the first since second half of 2023, H2’23, showing negative shift in household consumption expenditure. The report covering third quarter and fourth quarter 2023, indicated that Nigerian households […]
