When it comes to money, we often focus on how much we earn—but how often do we think deeply about how much we spend?
The truth is, many Nigerians don’t keep track of their monthly expenses. But understanding where your money goes is the first step to building a better financial future.
So, can you guess how much the average Nigerian spends each month?
According to various reports and informal surveys, the average monthly spending for a working-class Nigerian ranges from ₦60,000 to ₦150,000, depending on lifestyle, location, and family size. Here’s a rough breakdown:
🧾 Typical Monthly Expenses
-
Food & Groceries – ₦30,000 to ₦60,000
-
Transport – ₦10,000 to ₦25,000
-
Rent (if monthly) – ₦20,000 to ₦50,000
-
Electricity, Data & Utilities – ₦5,000 to ₦15,000
-
Miscellaneous & Emergency Costs – ₦10,000+
That’s not even including personal loans, school fees, black tax (supporting extended family), or medical emergencies!
💡 Why This Matters
Knowing your average monthly spending helps you:
-
Avoid overspending
-
Create a realistic budget
-
Save intentionally
-
Know when to borrow responsibly
Whether you earn ₦50k or ₦500k, the key is understanding your spending habits—and planning ahead.
✅ Tip from PayCredit:
Track every naira for 30 days. You might be surprised where your money is really going—and where you can cut back or save.
What’s your average monthly spending?
Drop your best estimate in the comments—and let’s talk money with confidence.
