Nigeria is one of the largest economies in Africa, but it’s also facing serious challenges like high inflation and economic pressure. If you’re planning to live, work, or even send money to family or friends in Nigeria, it’s really important to understand the actual cost of living there.
Let’s break it down together—from food and housing to transportation and daily expenses.
Cost of Living in Nigeria
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The cost of living in Nigeria has been rising steadily, especially after the government removed fuel subsidies and global food prices increased. Many locals feel that their salaries are no longer enough to cover daily needs. So, whether you’re planning to move there or support loved ones, knowing the expense breakdown is essential.
1. Food Costs
Nigeria has a wide variety of delicious local food that used to be affordable. Unfortunately, inflation has pushed up prices for basic necessities like rice, eggs, and meat.
For example: White rice costs around ₦5,000 per kilogram A dozen eggs costs about ₦3,600 Milk can reach ₦6,500 per liter Chicken fillet costs around ₦8,600 per kg Eating at a local restaurant is still relatively affordable at around ₦3,300 per meal, but if you’re planning a dinner for two at a nicer restaurant, you could easily spend ₦50,000.
food options are diverse, but to keep expenses under control, cooking at home and shopping at traditional markets is the smart move.
2. Housing Costs
Rent prices in major cities like Lagos and Abuja are high—even for locals. Many young adults end up moving back in with their parents because renting alone is just too expensive.
1-bedroom apartment in the city center: around ₦1.8 million per month 1-bedroom apartment outside the city: about ₦1 million per month 3-bedroom apartment in the city center: up to ₦5.7 million 3-bedroom apartment outside the city: around ₦2.6 million
To save money, many people choose to share apartments, live farther from the city center, or rent houses with decent access to public transportation.
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3. Transportation
Transportation is another major challenge. Since fuel subsidies were removed, gasoline prices have jumped to around ₦1,000–₦1,070 per liter, which directly impacts daily commuting costs.
Public transport (bus/minibus): around ₦970 per trip Ride-hailing apps like Uber or Bolt: starting from ₦2,400 per ride Monthly public transport pass: about ₦38,000
Owning a private vehicle is more comfortable, but fuel and maintenance costs can be painful. For long-term stays, choosing efficient routes and affordable transport options really matters.
4. Healthcare Costs
Healthcare in Nigeria can be tricky. Big cities offer more modern facilities, but treatment isn’t cheap. In rural areas, access to hospitals and medicine can be limited.
Basic checkups at local clinics are an option, but having health insurance is highly recommended—especially if you plan to stay long-term. Medicine prices have also increased due to imports and currency fluctuations.
Even if you’re young and healthy, it’s wise to set aside a healthcare budget. Better safe than sorry.
5. Other Living Expenses
There are also extra costs that often get overlooked but add up quickly:
- Utilities (electricity, water, waste): around ₦45,000 per month
Unlimited internet (60 Mbps): about ₦94,000 per month - Gym membership: around ₦62,000 per month
- Movie ticket: roughly ₦12,000
They may not seem essential, but they definitely affect your monthly budget.
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Daily Living Expenses
Daily expenses in Nigeria can be quite high, depending on your lifestyle:
example:
- Cooking at home vs. eating out
- Living alone vs. sharing accommodation
- Using public transport vs. owning a car
If you live modestly and plan carefully, it’s still possible to keep costs manageable.
Monthly Cost of Living in Nigeria
On average, for one person living in a major city like Lagos or Abuja, monthly expenses might look like this:
- Food: ₦150,000 – ₦200,000
- Housing: ₦1,000,000 – ₦1,800,000
- Transportation: ₦38,000 – ₦50,000
- Utilities & internet: around ₦140,000
- Personal & entertainment expenses: about ₦100,000
Total estimated monthly cost: ₦1.4 million – ₦2.3 millionFor families or households with children, expenses can easily double.
Tips to Save Money in Nigeria
- Shop at traditional markets—they’re cheaper than supermarkets and you can negotiate prices.
- Cook at home to cut food costs and eat healthier.
- Use public transportation instead of taxis or private cars.
- Live outside the city center—rent can be significantly cheaper.
- Share housing with friends to split rent and utility bills.
- Look out for promotions and discounts, especially for internet plans and food delivery.
Send Money to Nigeria
Living in Nigeria comes with real financial challenges as costs keep rising. From food and rent to transportation and daily needs, smart budgeting is essential. But with good planning and money-saving strategies, life there can still be comfortable.
If you have family or loved ones in Nigeria, helping them cope with rising expenses by send money to NigeriaUse a trusted service like Easylink which offers competitive exchange rates and low fees. It’s fast, secure, and helps you support your family without stretching your own budget. So why wait? Download Easylink and start sending money to Nigeria today!
