How the naira's fall from 450 to 1,600 per dollar and 35% inflation reshaped Nigerian household spending, fuel costs, and food prices from mid-2023 to late 2024.
DS1 Naira USD Rate
DS2 Inflation 2024
Subscribe to access this dataset
Already purchased? Log in
This compiled workbook documents how Nigeria's currency devaluation and rising inflation have eroded consumer spending power during the June 2023 to late-2024 crisis period. It pulls together the key figures a business needs to understand the shift: the naira moving from 450 to 1,600 per US dollar, headline inflation at 35%, and food inflation at 40% as of November 2024.
Use it to gauge how far household budgets have been squeezed and where prices have moved most. The dataset traces the tripling of petrol prices, rising general consumer prices, falling household consumption, and higher farm input costs — helping you set pricing, plan for weaker demand, and anticipate cost pressures in imported and fuel-dependent goods.
The workbook is transparent about its limits: it includes only clearly stated source values. Category-level spending splits, rural vs urban breakdowns, income-bracket detail, and e-commerce figures were not available and are deliberately excluded rather than estimated. Every figure is attributed to its source.
Accounts
For single users
For single users
For teams of up to 99 users
Keep exploring
How all 50 US states spend their money — total budgets and the split between general funds, federal funds, bonds, and other state funds, plus COVID-19 emergency aid flows.
Included in plans
View dataset
