Nigerians Spent $50Million on Champagne Alone In 2011- Forbes Reveals

 

According to the recent findings, it was reported that 2011 alone Nigerians spend $50 Million on champagne and Forbes Africa also confirm it on Tweet. It was observed that, at every elite event, the champagne has to be flowing, and how much champagne there is at your party determines whether you are bigger than the next celebrant.

See Forbes tweet after the cut.

Sales of fizz in Nigeria hit $50m+ each year and is rising! Nigerians spent 8billion naira on champagne alone in 2011!

We are even ahead of rapid growth nations Brazil and China, and established markets such as the US and Australia.

And the worrying part is it doesn't even end here.

Nigerians' love of big spending has attracted growing attention in recent months. Last year figures revealed that Nigerian tourists in the UK are the fourth biggest foreign spenders, ringing up an average £500 (N115,000) in each shop where they make purchases – four times what the average UK shopper spends.