04
Emergency Funds
.
As Nigerians get older, the more likely they are to have the recommended 6 months of emergency funds.
.
3 in 5 Nigerians don’t have emergency funds.
We asked Nigerians if they have funds set aside for emergencies.
No emergency funds
59%
Emergency funds
41%
A majority of Nigerians — almost 6 in 10 — don’t have any emergency funds. But financial experts recommend having up to six months worth of emergency funds to cushion the effects of emergency expenses.
Which generation is saving up most for emergencies?
4%
12%
18%
27%
Only about 1 in 25 Gen Zs and 1 in 10 Millennials have emergency funds that can last them the recommended 6 months or more.
