Nigeria’s savings, investment culture threatened as citizens spend $5.5m daily on gambling
Nigeria has long been celebrated for a culture of thrift, delayed gratification and community-based savings. Generations relied on various thrift frameworks like ajo (in the southwest); esusu in the southeast and cooperative societies generally to pool resources, provide financial security, and foster long-term planning. These systems not only encouraged discipline but also strengthened social cohesion, offering…
