From June to August 2024, we surveyed over 10,000 Nigerians — of different ages, genders, and income brackets – about their saving and spending habits. We also asked about debt, inflation, business, and their financial plans for the future. We shared the results in the Piggyvest Savings Report 2024.
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Now, we want to test your knowledge of the report. Did you skim or study it? Let’s find out.
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QUIZ: How Well Do You Know PiggyVest At 8?
According to the report, what percentage of Nigerians earn above ₦1m?
2%
4%
6%
8%
Correct!
Wrong!
Which generation of Nigerians is most likely to depend on one stream of income?
Gen Z
Millennials
Gen X
Boomers
Correct!
Wrong!
The 2024 savings report revealed _ as Nigerians' biggest monthly personal expense.
Bills and Utilities
Clothing
Food and Groceries
Transportation
Correct!
Wrong!
What percentage of Nigerians spend between ₦50,000 - ₦99,999 monthly?
1%
19%
30%
35%
Correct!
Wrong!
According to the report, 71% of Nigerians have two or more income streams.
True
False
Correct!
Wrong!
What percentage of Nigerian income earners pay ‘black tax’ (money sent back home to family)?
15%
25%
29%
46%
Correct!
Wrong!
According to the report, what percentage of Nigerians do not save?
10%
43%
47%
50%
Correct!
Wrong!
Emigration (Japa) is the number one goal Nigerians are saving towards.
True
False
Correct!
Wrong!
What percentage of Nigerians have funds set aside for emergencies?
36%
40%
44%
50%
Correct!
Wrong!
Pick the correct order from highest to lowest based on their likelihood of being in debt.
Millennials, Gen Z, Gen X, Boomers
Gen Z, Gen X, Boomers, Millennials
Gen X, Millennials, Boomers, Gen Z
Boomers, Gen X, Millennials, Gen Z
Correct!
Wrong!
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QUIZ: How Well Do You Know The PiggyVest Savings Report 2024?
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