WOOOOOW!! African Ladies spend more than $7 Billion on fake hair

Despite limited financial resources, Africans are spending an estimated $7 billion on their hair, Media reports.

According to Euromonitor International, people in South Africa, Nigeria and Cameroon alone spend about $1.1 billion on hair care products. That includes shampoo, lotions and relaxers.

The amount of money brought in by fake hair far outpaces that number, though. Reportedly, the dry hair (aka weaves, wigs and extensions) industry is estimated to be around $6 billion a year.