One of our low points in Nigeria, which is widespread and not peculiar to us, is the lack of a deep-rooted savings culture.
The theoretical relationship between income and savings is a direct one, according to economists. That is to say that as incomes increase savings will also increase. This happens because as income increases, the proportion of it saved also increases because the proportion consumed decreases. This is
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Emeka Osuji
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
