\n More than half of Nigerians surveyed said they begin each month unsure whether their income will cover basic expenses.\n <\/p>\n
\n About one in two do not save at all, while only four in 10 have emergency funds to fall back on, pointing to fragile financial buffers across households.\n <\/p>\n
\n The report, based on responses from over 26,000 people across urban and rural areas, comes at a time when policymakers have pointed to moderating inflation and ongoing reforms as signs of stabilisation.\n <\/p>\n
\n However, for many Nigerians, the pressure from two years of sharp price increases and currency weakness has yet to ease.\n <\/p>\n
\n Income levels remain low for a significant share of the population, with three in 10 adults earning less than N100,000 a month.\n <\/p>\n
\n Spending is heavily concentrated on essentials, particularly food, leaving little room for discretionary expenses or long-term financial planning.\n <\/p>\n
\n Family obligations continue to shape financial outcomes. More than three in five income earners support relatives outside their immediate households, reducing disposable income and limiting the ability to build savings or invest.\n <\/p>\n
\n The burden is most pronounced among middle children, the report found.\n <\/p>\n
\n The report also introduced a new measure of financial satisfaction, offering insight into how Nigerians perceive their financial wellbeing beyond income and spending.\n <\/p>\n
\n Despite efforts to budget and save, only a small minority reported feeling secure or confident, underscoring a gap between financial effort and outcomes.\n <\/p>\n
\n \u201cOn paper, the economy is stabilising\u2026 On the ground, however, the strain hasn\u2019t let up,\u201d the report said.\n <\/p>\n
\n Where debt exists, it is largely driven by necessity, including business needs, emergencies and essential spending, rather than discretionary consumption.\n <\/p>\n
\n Younger Nigerians, particularly Gen Z, are more likely to depend on a single source of income, increasing their vulnerability to economic shocks.\n <\/p>\n
\n Despite the constraints, the report points to resilience. Many Nigerians continue to save small amounts, invest in businesses and support family members, even as their financial margins tighten.\n <\/p>\n
\n Joshua Chibueze, Piggyvest\u2019s co-founder and chief marketing officer, said the data reflected a population navigating difficult conditions with determination.\n <\/p>\n
\n \u201cThe resilience reflected in this report\u2026 speaks to a population determined to build stability even in uncertainty,\u201d he said.\n <\/p>\n