The Wall Street Journal, on Tuesday, 17th June 2014 released a review profiling what Africans especially in Nigeria, Kenya and Ghana spend their disposable income on.
Find out the first in the List:
According to BN Post, A chief investment officer at Voltan Capital Management, New York, Alison Graham says “People think if you sell something in Africa it has to be cheap. A lot of it kind of ends up being junk, and there’s no such thing as a refund policy in Africa.”
On the table listed above, it can been seen that in all three countries clothing, footwear and accessories, is priority for citizens.
Kenya leads the pack with 56%, Ghana follows with 50%, and Nigeria comes in third with 43%.
When it comes to health care, Nigeria has 0% while Kenya has a whopping 41% and Ghana -12%.
However, Nigerians spends More on Clothes and Cars than Healthcare
Wall Street Journal- Nigerians Spends More on Clothings and Cars than on Healthcare
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