A NOIPolls Personal Well-Being Index (PWBI) report for Q4, 2018 has revealed a decline of 1.4-points in the PWBI to stand at 61.5-points from 62.9-points obtained in Q3, 2018. The positive perception of the various aspects of one’s life, altogether, is determined by the Personal Well-Being Index.
All of the seven factors that constitute the PWBI experienced a marginal decline except 2; the health index and the Economic situation index which experienced marginal increases. Remarkably, the highest decline was seen in the Achievement in life Index with a 5.5-point decline to stand at 48.8-points from the 54.3-points obtained in Q3, 2018.
Further analysis revealed the Personal Security and Religion Index tie as the joint second highest to decline when compared to results obtained in Q3, 2018. The Personal Security Index declined by 1.8-point to stand at 57.9-points in Q4, 2018 from 59.7-points obtained in Q3, 2018. The reason for the further drop in the Personal Security Index could be attributed to the series of security breaches across the length and breadth of the country which require urgent and stringent steps to contain them. The Religion Index experienced a decline of 1.8 to stand at 88.4-points in Q4, 2018 from 90.2-points obtained in Q3, 2018. These are the key highlights from the Q4, 2018 Personal Well-Being Index survey.
In February 2014, NOIPolls Limited 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.
Nigerian businesses, financial and government agencies largely depend on the perceptions and micro assessment of consumers’ expectation in making decisions. At best, they draw conclusions on the business environment based on information from their immediate surroundings, while the minorities conduct surveys that are time and money consuming. However, the introduction of these indices provides indicators that will ensure stakeholders can detect and respond to changes in consumer behavior, the economy, and the business environment in Nigeria.

LEAVE A REPLY

Please enter your comment!
Please enter your name here