According to Numbeo’s updated cost of living index for 2024, Nigeria has Africa’s lowest cost of living and the world’s second lowest cost of living, second only to Pakistan, despite the country’s startling rate of inflation and weakening currency.

Nigeria's inflation which is currently at an alarming 28.92%, an 18-year high, and a 13-month consistent surge, has seemingly done little to raise its cost of living index to a global high.

Inflation is typically associated with a greater cost of living. However, Nigeria's reality calls into question this logic. The cost of living index, which takes into account factors such as housing, transportation, food, and healthcare, still places Nigeria as one of the countries with the lowest cost of living, presenting an interesting case study.


https://africa.businessinsider.com/local/markets/nigeria-has-the-second-lowest-cost-of-living-in-the-world-despite-economic-woes/3pl9mh1

Is this for real?

With the current minimum wage? Someone worked for full one month recieves his salary and still have to borrow to live the subsequent month. Anyway

Ronu statistics

Ogbuu101:
Ronu statistics

Shey na Tinubu get business Insider too. 🤡

The research or statistics that came up with this conclusion since nothing but unrealistic piece of sh!t lies.


The reality on ground speaks volumes

If that is true, it is a great shame to the leaders of this nation past and present for walking us through these journey of poverty. God blessed Nigeria with everything including man power. Same on our leaders.