A recent study revealed the financial implications of sexual identity for LGBTQ+ people in Nigeria. Social stigma and danger present unique challenges for them.
Hidden Costs for Safety
According to a survey of 15 LGBTQ+ respondents, 80% reported regularly spending extra on safe housing, protective resources, and emergency relocation funds. Nearly one in three estimated these hidden costs at over ₦500,000 a year, while the majority (60%) spent under ₦100,000. One participant explained, "I budget carefully, but safety is like another bill. I can’t ignore it."
Workplace Discrimination
When asked if their sexual orientation affected their earnings and spending, 80% responded affirmatively. For many, that meant choosing safer transport options or seeking LGBTQ+-friendly medical professionals. Although 40% had never experienced direct discrimination, 60% acknowledged that it affected their income in some way. One participant shared, "It didn’t cut my pay, but it made me uncomfortable enough to quit."
Financial Support and Future Prospects
Two-thirds of respondents said they use banking and fintech services "freely," although others admitted to hiding parts of their lives during transactions. 70% indicated that financial support from friends or family abroad was important. One participant stated, "If not for my partner and friends, I don’t think I’d be surviving." When posed with the question of what they would do differently with money if Nigeria were safer, 40% said they would invest, and 20% said they would start saving. One person simply responded, "Nothing. I’ve stopped dreaming."
The financial reality of LGBTQ+ individuals in Nigeria not only showcases their resilience but also reflects the impact of a hostile society that forces them to divert resources toward safety and survival, hampering their potential for growth.
