…As economic index, personal standard of living index post decline
The personal well being index which showed satisfaction of the citizenry in various aspects of lives, including religion, personal security, social interaction, physical heath ad others.
The NO1 poll released on Tuesday 30 January 2018 showed that Personal Well-Being Index (PWBI) report for Q4, 2017 recorded nominal increase of 0.2-point to stand at 64.3-points from 64.1-points obtained in Q3, 2017.
The Personal Well-Being Index measures the satisfaction of Nigerians with respect to various aspects of lives.
However, the seven components that make up the PWBI and they all experienced an increase except the Economic Index and the Personal Standard of Living Index which both experienced a decline when compared to the results obtained in Q3, 2017.
The report explained that furthermore, an analysis of the seven key indicators that make up the PWBI showed that Nigerians were satisfied in terms of religion with 89.4-points, social interaction with 79.4-points), physical health with 76.4-points and personal security scoring 67.8-points.
Also, the findings indicated that Nigerians were rather neutral in terms of their standard of living scoring 49.2-points and achievement in life with 53.1-points indices, while some Nigerians were not satisfied with their personal economic situation with 37-points index.
Though the nation’s economy got out of recession in Q2, 2017 and also grew in Q3, 2017, Nigerians are yet to feel the impact of this growth in terms of their personal economy and standard of living as these were the only indicators that experienced a decline in Q4, 2017 amongst all the components that make up the PWBI. These are the key highlights from the Q4, 2017 Personal Well-Being Index survey.
NOIPolls Limited, In February 2014, introduced its portfolio of indices; the NOIPolls Personal Well-Being Index (PWBI), the NOIPolls Consumer Confidence Index (CCI) and the NOIPolls Eagle 30 Business Confidence Index (EBCI).
The NOIPolls Personal Well-Being Index measures factors impacting on the lives of everyday Nigerians; thereby producing a complete view of the individual’s personal well-being.
The NOIPolls Consumer Confidence Index provides consumer assessments of the economic situation and their intentions and expectations for the future. The NOIPolls Eagle 30 Business Confidence Index measures business leaders’ perceptions and expectations about the Nigerian business environment using the top 30 companies in the country.