It is alright for some.
Nigeria is one of the fastest-growing consumers of champagne. Nigeria spent N9.4billion ($59 million) on consumption of champagne last year.
Prices at clubs can vary widely here, with a standard bottle of Moet & Chandon running around N19,200 ($120), while bottles of Cristal can come in at 144,000 ($900) or more. Store prices tend to be much lower.
World Bank calculations from 2009-2010 showing some 63 per cent of Nigerians live on less than N160 ($1 dollar) per day. 46 percent of the country’s population living in poverty.
Nigeria is one of the fastest-growing consumers of champagne. Nigeria spent N9.4billion ($59 million) on consumption of champagne last year.
Prices at clubs can vary widely here, with a standard bottle of Moet & Chandon running around N19,200 ($120), while bottles of Cristal can come in at 144,000 ($900) or more. Store prices tend to be much lower.
World Bank calculations from 2009-2010 showing some 63 per cent of Nigerians live on less than N160 ($1 dollar) per day. 46 percent of the country’s population living in poverty.
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