Monday, April 29, 2013

Nigeria's champagne class

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.

No comments: