PiggyVest Report: Only 1 in 10 Nigerians can comfortably raise ₦156k in 1 week.
- 56% more people want to japa, but savings for Japa have completely dropped, almost non existent.
- Minimum wage is ₦70k but a pot of jollof rice costs 624% than it did 10yrs ago, that’s 42% of the MW.
- Savings collapsed from 8/10 people to 5/10 people, as Nigerians stopped saving simply because they don’t earn enough.
- 58% of adults earn below ₦100k/month or nothing at all. Yet they are earning more now but affording less. Because in 2023 minimum wage was ₦30k and worth $65, now in 2026 it is ₦70k and worth $53, less value.
- In America less 10% of household earning is spent on food. In Nigeria, ₦6 of every ₦10 earned is spent on food (60%) as inflation rises monthly. 60% is the highest of any country the US Department of Agriculture tracks.
- While many Nigerians want to Japa. Many have opted to start life here, not because its easier, but with optimism for the future.
- 63% about 140M Nigerians are living in poverty. 6 in 10 Nigerian do not have emergency funds.
- However, people paying Black Tax has dropped by 80%, though more than half of Nigerian earners support extended families.
- Only 6% of Nigerians feel financially secure. Not because they earn a lot, but because they save a fixed amount monthly.
- Nigeria is experiencing two economic realities at once; on paper the economy is good, which is true. In reality, households feel poorer.
A Tale of Two Nigerias — Odunayo Eweniyi, Co-founder and COO of PiggyVest at OpenHouse Lagos 2026.
"I'm calling on the FG to intensify efforts to rescue the 40 schoolchildren abducted in Borno State same day as Oriire abduction, who have remained in captivity for over 110 days." – Governor Seyi Makinde
This is a former Nigerian head of state being used as advert material for a private hospital promo clip in India.
Nigerian leaders will squander the chance to build world-class hospitals but do nothing then later go to other countries to seek healthcare from those nations who were not as stupid as them.
What a shame.
"Awolowo and Jakande gave us free education and healthcare and didn't see it as an achievement, but you see student loans as an achievement" - Actor Laide Olabanji speaks out.
July 2026, Nigeria & China Launch $250M West Africa's Largest Lithium Processing Plant in Nasarawa State....
I know many of you missed it, you only saw a new headline of $700 billion 😁😁😁
Enugu is no longer just a place where products are bought and consumed. We are building a state where high-tech products are made, assembled and exported from.
The Haitech Haier Global factory is one of the most significant business investments our state has hosted, bringing the production and assembly of technology, electronics and energy products to Enugu.
Beyond the factory floor, this investment is creating direct and indirect jobs, providing technical training for our young people and expanding the productive capacity of our state.
Our commitment to creating a conducive and attractive operating environment for businesses remains a pillar of our job creation drive. When businesses invest and grow in Enugu, opportunities grow for our people.
𝗧𝗼𝗺𝗼𝗿𝗿𝗼𝘄 𝗶𝘀 𝗵𝗲𝗿𝗲.
Why Ghana Refused to Sign US Health Deal
In a September 2026 discussion at the Washington-based Council on Foreign Relations, Ghanaian President John Dramani Mahama said his cabinet refused to sign onto the US health deal that two dozen African countries have penned.
Mahama called the data-sharing agreement “humiliating.”
Why do you think some African states have gone along? Drop us a comment.
Follow us: @spearhead_af
Video credit: Council on Foreign Relations (YouTube)
Burkina Faso inaugurated its first-ever gold refinery, with President Ibrahim Traore saying the country wanted to process its mineral resources locally and take control of the entire value chain
Before you try that stupid agenda you want to cook, P at the back means Pence, not Pound. That is basically £1.99(One Pound, 99.18 Pence)per litre of fuel.
Hourly wage in the UK is £12.71.
That means you can comfortably buy 6 litre of fuel with the money you made in an hour.
Le premier lingot d’or frappé du sigle RBF, raffiné au Burkina Faso. Les temps anciens ne reviendront plus jamais. La puissance va irrémédiablement changer de camp. What a time to be alive!
You Can Get Away With Anything In Nigeria If You Have The Right Political Connections - Sanusi
You have institutions that are supposed to identify corrupt people and prosecute them. You have courts that are supposed to do it. We have seen in this country people who are facing corruption charges who basically just get those charges dropped because they belong to the right political environment or have the right political support. We have people who have legal processes where people are questioning if in fact, it is a fight against corruption or political persecution.