The growth in middle class in Nigeria follows the rise in the country’s national income. For instance, Nigeria’s Gross Domestic Product (GDP) increased five times from $46 billion in 2000 to $247 billion in 2011, while GDP per capital has increased to about $1,600. Similarly, the country’s population has increased by about 33% during the same period rising from 119 million to the current estimated 160 million.
- Nigerians and E-Commerce
- Much Ado About Nigerian Fintechs?
- Analysis on Profitable Customer Behaviours for Nigerian Retail Banks in 2015
- ‘The Missing Middle’: Providing Innovative Solutions to Financing SMEs in Nigeria
- What Nigeria’s Bank Customers Want: An Assessment of Retail and SME Banking Preferences (2015)