90% of Nigerians cut back on spending as inflation surge – Survey

More than two-thirds of Nigerians who have experienced an increased cost of living are reducing their spending on essential and non-essential items, a new report has said.

The report titled ‘Talent Management, A New World Order: Shifting Paradigms’ by Phillips Consulting Limited, a Nigerian business and management consulting firm surveyed 1,054 Nigerian adults aged 18 or older between August 24 and September 3, 2022. The survey conducted online incorporated research from YouGov and Cambridge University’s globalism survey.