Sunday 17 May 2020

Categories Of Income Classes In Nigeria

Nigeria's income classification per annum according to a private report.

Upper Class: > ₦60M
Lower Upper Class: ₦12-59.9M
Middle Class: ₦1.2-11.9M
Lower Class: ₦150k-1.19M
Poor: < ₦150k

Where do you belong?

Income Class                      [Adult Pop.]
Upper: > ₦60M                         0.8%
Lower Upper: ₦12-59.9M        4.2%
Middle: ₦1.2-11.9M                   26%
Lower: ₦150k-1.19M                 32%                      
Poor: < ₦150k                            37%

People with incomes above ₦60M [Upper Class] make up 0.8% of the adult pop. while people with incomes between ₦12-59.9M [L. Upper Class] make up 4.2% of the adult pop.

People with incomes between ₦1.2-11.9M [Middle Class] make up 26% of the adult population

.People with incomes between ₦150k-1.19M [Lower Class] make up 32% of the adult pop. while people with incomes less than ₦150k [Poor] make up 37% of the adult pop.

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