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.
You were never happy? This woman made sure you had all new clothes and shoes for your first big job at access bank? She was wicked? She never hit you once! She hit and corrected her children! You are a very big liar and very dangerous.
“Kò lè tán lára ọmọ ọba, kò máa kú dan zákí.”
//A prince can never be completely stripped of his royalty; traces of honor will always remain in his name.//
Ever since I read that Fisayo's report, I look at "mad men" on the street different. I tell myself "What if he's an investigative journalist working undercover?"
Do you know what it means that you're unlikely to ever buy a car in your life if your salary is 1 million naira per month?
I see APC supporters as raving lunatics, no jokes.
Raul Jimenez, graphite on paper
Thank you so much to everyone who followed the progress of this piece, I hope you enjoy it as much as I did making it
Huge shout-out to @PatzkeBrett for taking the amazing reference photos I used
COME ON YOU WOLVES
#wwfc@Wolves
There’s something sick about this.
Yes, you’re supposed to teach your son discipline. A teenager needs to learn that when someone says stop, you stop, especially when they’re trying to leave.
But telling your son, who is doing what he thinks is a harmless joke with his sister, “Do you know what a boy who doesn’t stop when a girl says stop grows up to be? A man who doesn’t stop when a woman says no” is telling him, “This behaviour is evidence of the kind of sexual predator you could become.”
And telling your son that your own experience of sexual violation “still lives in your body” because he was picking on his own SISTER is an enormous emotional burden to put on that child.
Discipline the boy. Teach him boundaries. Make him understand that “stop” means stop.
But why are you comparing a teenage boy teasing his sister to the man who assaulted his mother?
Have we all lost our minds???
Being a Nigerian is so unique. yesteday i had a big cry. wanted to take a shower while at it. tell me why my shower won't work and i had to use bucket and bowl to bathe while actively crying 😭😭😭😭
As a serial passer of assessments, the key to answering questions like this is via elimination.
You don't know what the answer is, but you should know what the answer definitely isn't. Semaphore? Hell no. Caliph? That sounds like a title.
After going through, "ribald" looked like the closest after I had eliminated every. Checked the dictionary, I was right.
So when you have an option, remove what is unlikely, your chances for what is likely increases exponentially.