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Table 1 Socio-demographic characteristics of respondents

From: Financial scarcity, psychological well-being and perceptions: an evaluation of the Nigerian currency redesign policy outcomes

Variables

Category

Frequency

(N = 2237)

Percentage (%)

Gender

Male

Female

1414

823

63.2

36.8

Age Group

Mean age: 35.4

18–30 years

31–40 years

41–50 years

51 years and above

758

567

768

144

33.9

23.3

34.3

6.4

Marital Status

Single (Never Married)

Married

Divorced/Separated (Previously married)

1096

1047

94

49.0

46.8

4.2

Highest Level of Formal Education Attained

Primary

Secondary

National Diploma

Higher National Diploma

First Degree

Master Degree

Doctor of Philosophy (PhD)

Median Education: First Degree

48

143

472

97

867

387

223

2.1

6.4

21.1

4.3

38.8

17.3

10.0

Citizenship

Nigerian

Non-Nigerian

2237

0

100

-

Resident in Nigeria in the last 6 months

Yes

No

2237

0

100

-

Geo-political zone

North-central

North-east

North-west

South-east

South-south

South-west

251

98

100

367

875

546

11.2

4.4

4.5

16.4

39.1

24.4

If the respondent is the head of the household

Yes

No

1190

1047

53.2

46.8

Household size

Mean Household Size: 5.2

   

If the respondent has children

Yes

No

957

1280

57.2

42.8

Number of children had

Mean number of children: 2.9

   

Mean Average Monthly Income (In Naira -₦’000)

Mean: 174,723.3

Minimum: 3,000.00

Maximum: 350,000.00

30 and below

31–90

91–150

151 − 210

211–270

271 and above

203

408

364

393

418

451

9.1

18.2

16.3

17.6

18.7

20.2