Nigerians, Ghanaians Spend More On Clothes & Cars Than Health Care �Report
Nigerians clearly love the luxe things of life.
The Wall Street Journal, yesterday Tuesday, released a review profiling what Africans especially in Nigeria, Kenya, and Ghana spend their disposable income on.
And what�s the first thing they buy? Find out below.
Although the demands vary in these countries, one thing is for sure, Nigerians, Ghanaians and Kenyans go for quality brands.
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%.
Apart from fashion, luxury cars, mobile electronics, and beauty top the list.