The personal wellbeing index (PWBI) and Consumer confidence index (CCI) for the second quarter ended June 30th 2016 was released by the NO1Polls Limited on Tuesday.
The NO1Poll portfolio index, Consumer confidence index for the same period showed that while expected employment condition index closed the second quarter at 97. 29 per cent, current price of goods and services index stood at -4.98 per cent.
NOIPolls Limited, is No. 1 for country specific polling services in West Africa and works in technical partnership with USA based Gallup Organisation. The survey company conducts periodic opinion polls and studies on various socio-economic and political issues in Nigeria.
The organisation was founded in November 2006 by Dr. (Mrs.) Ngozi Okonjo-Iweala, former Coordinating Minister for the Economy and Minister of Finance at Federal Ministry of Finance & Economic Planning, Nigeria.
The report showed that under the Personal wellbeing index, social interaction index scored 78.42 per cent, personal security index closed the quarter at 65.63 per cent, life achievement index 51.66 per cent, standard of living closed at 48. 27 per cent while economic index closed the second quarter 2016 at 38. 29 per cent. Mean index of 63.94 per cent for PWBI closed the second quarter ended June 30th 2016
Consumer confidence index (CCI) of the report showed that expected employment condition index stood at 97. 29 per cent at the end of June, followed by expectations of the country’s economic situation index 91.60 per cent, while expectations of price of goods and services index ranked 78.12 per cent.
Expected total family income index stood at 64.91 per cent, current employment condition index closed the second quarter of 2016 at 33.13 per cent, while current price of goods and services index scored -4.98 per cent. Meanwhile, mean consumer confidence index for the period stood at 56.38 per cent
The NOIPolls seeks to fill the gap created by lack of voices of ordinary Nigerians in issues of their personal well-being, as well as their confidence as consumers of goods and services.
The Personal Well-Being Index and Consumer Confidence Index Polls were conducted in Q2, 2016. The PWBI involved telephone interviews of a random nationwide sample. 3,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed.
In addition, the CCI involved telephone interviews of a random nationwide sample. 3,000 randomly selected phone-owning Nigerians aged 18 years and above, representing the six geopolitical zones in the country, were interviewed. With a sample of this size, we can say with 95% confidence that the results obtained are statistically precise – within a range of plus or minus 2%.
NOIPolls aims to address this knowledge gap by focusing on issues of governance, market trends, management of the economy, provision of services, as well as performance of government and private sector institutions.
Nigeria with a large population of about 180 million, a thriving domestic economy and a decentralized government structure of 36 states, a federal capital territory and 774 local governments, has no independent polling capability in the country to ensure that the voice of ordinary citizens is heard. This gap the NOIPolls is positioned to fill.
