IN 2015, 25.7% NIGERIANS DEPENDED ON FAMILY & FRIENDS

By 2015, that is after 55 years of self rule, about 25.7% of Nigerians depended on family or friends for their survival. That is, they get their highest income from this source monthly.
Besides, in addition to this, 1.6% of Nigerians received their highest income from their pension.
Or so indicates the report of the survey conducted by the Central Bank of Nigeria in conjunction with local and international support teams indicate as one of its findings.
According to the report, more than one third of Nigerians(34.4%) earn their highest income from agriculture related activities. They were either employed in someone else farm, involved in trading in agricultural goods or farming on their own farms.
From the figures, three main sources sustain majority of Nigerians (80.4%). These are income from own farms (which sustains about 29.6%); own business (which sustains 26.1%) and support income from friends and family.
Naturally, in view of their cultural role in the family, more female (33.7%) than male (17.7%) depended on family or friends for their highest income. Urban dwellers too were more (29.9%) than rural dwellers (23.8%) in this category.
As for those dependent on pension about 2.5% of male were, compared to 0.7% female and they were more in the urban areas (2.6%) than in rural areas (1.1%).
Interestingly of those who earned highest income from running their own business, female Nigerians lead (28.1% of them) compared to 24.2% of males but they weremore in urban areas (37.4%) than amongst rural dwellers (21.1%).
From the findings of the survey only 7.5% Nigerians earned their highest income from employment in the formal sector while the corresponding figure for the informal sector was 2.7%.
Those who earn their top monthly income from trading in agricultural goods came to 4.5% while 0.6% were dependent on employment in someone else farm.
Top male income source was own farm (36%) followed by own business (24.2%) while top for female was friends and family (33.7%) followed by own business (28.1%) and own farm (23.1%).
In the urban areas top income provider was own business (37.4%) followed by family and friends (29.9%) as against own farm for rural dwellers followed from a distance by family and friends (23.8%) and own business (21.1%).

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