SAT, MAY 09 2020-theG&BJournal-Nigerians spent more of their earnings in 2019 on food, with a huge part of their income devoted to eating outside, according to National Bureau of Statistics survey. Education, transport, health and services took back stage in their spending.
Overall, at the national level the total household expenditure on food and non-food for 2019 was N40,207,388,459,367 (N21,620,601,543,613.90 in 2009/10).
Of this total, 56.65% (60.2% in 2009/10) of total household expenditure in 2019 was spent on food with the balance of about 43.35% (39.8 % in 2009/10) spent on non- food items.
According to the NBS, food consumed outside the home, followed by transportation costs and starchy roots, tubers and plantains were responsible for the largest proportion of household expenditure representing a combined 24.16 percent of total household expenditure in 2019.
Starchy roots, tubers and plantains, rice, vegetables, fish and sea food, grains and flours in that order were the top food items households spent on in 2019, accounting for a combined 59.19% of food expenditure and 33.53% of total household expenditure on food and 24.8% of total household expenditure.
Expenditure on non-food items on the other hand were directed mostly at transport, health, education and services (which includes information technology and communication equipment as well as things like insurance, financial services and so on), rent and fuel and light, accounting for a combined 79.40% of non-food expenditure.
Meanwhile, total household expenditure in urban areas in 2019 stood at N19,113,569,558,086 (N8,412,656,254,286 in 2009/10), relative to N21,093,818,901,281 (N9,364,312,669,993 in 2009/10) in the rural areas.
Against this backdrop total expenditure on food in urban areas stood at N9,847,690,798,340 in 2019 (N3,654,003,234,722 in 2009/2010), while in rural areas it was N12,929,558,844,031 (N9,364,312,669,993).
Both areas spent mostly on food outside the home, Starchy foods, tubers, and plantains, and rice representing about 37.96% for rural and about 42.59% for urban areas of total expenditure on food. In the non-food section, education, transport, services and rent represented the highest expenditure for urban households while expenditure on health, transport, education and services dominated non-food household expenditure in 2019.
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