A Piggyvest Savings Report 2025 has said that three in five Nigerians receive below N100,000 monthly or have no income, according to the
This depicts growing income pressures as rising living costs continue to squeeze households.
In the report, Piggyvest stated that almost 60 percent either have no income or fall within the lowest income brackets.
The fintech noted that only 6 percent of Nigerians feel secure and confident about their financial situation, highlighting a widening gap between economic reforms and lived realities.
“On paper, the economy is stabilising… On the ground, however, the strain hasn’t let up,” the report said.
“Across income, savings, spending, debt, and financial satisfaction, a consistent pattern emerges: Nigerians are adapting with resilience, but within increasingly narrow margins.
“In 2025, nearly 3 in 5 Nigerians report either having no monthly income or earning below N100,000 monthly, After a significant decline in 2024.”
Commenting on the findings,, co-founder and chief operating officer (COO) of Piggyvest, Odun Eweniyi ,said the surge in earnings does not reflect real financial improvement.
“While nominal earnings have increased, the naira has lost a lot of its value in the last two years. Inflation peaked above 33% in 2024. So people are earning more and affording less,” she said.
