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If you are living in Nigeria or planning to visit Nigeria, especially Lagos, this information is for you. Food, housing and transportation costs, on the average will give you the idea of what to spend on a daily basis. The fall in crude price at the international market, the insurgency in the Niger Delta that has crippled oil production, the dwindling economy are helping the situation either, as the people's purchasing power keeps dwindling due to unpaid salaries and job loses at its highest in 10 years.
Restaurants
Meal, Inexpensive Restaurant 500.00. Range ₦350.00-600.00
Meal for 2 People, Mid-range Restaurant, Three-course ₦9,250.00 ₦5,000.00-₦15,000.00
McMeal at McDonalds (or Equivalent Combo Meal) ₦1,450.00 ₦1,000.00-₦1,500.00
Domestic Beer (0.5 liter draught) ₦250.00. ₦210.00-₦300.00
Imported Beer (0.33 liter bottle) ₦400.00. ₦210.00-₦500.00
Cappuccino (regular) ₦661.11. ₦350.00-₦1,000.00
Coke/Pepsi (0.33 liter bottle) ₦97.69. ₦70.00-₦120.00
Water (0.33 liter bottle) ₦59.29. ₦50.00-₦100.00
Markets
Milk (regular), (1 liter) ₦520.00. ₦350.00-₦700.00
Loaf of Fresh White Bread (500g) ₦283.33. ₦250.00-₦400.00
Rice (white), (1kg) ₦483.33. ₦300.00-₦1,000.00
Eggs (12) ₦392.50. ₦300.00-₦500.00
Local Cheese (1kg) ₦2,250.00. ₦2,000.00-₦2,500.00
Chicken Breasts (Boneless, Skinless), (1kg) ₦1,175.00. ₦700.00-₦1,950.00
Beef Round (1kg) (or Equivalent Back Leg Red Meat) ₦1,450.00. ₦1,300.00-₦1,500.00
Apples (1kg) ₦473.99. ₦384.98-₦600.00
Banana (1kg) ₦455.12. ₦300.00-₦700.00
Oranges (1kg) ₦550.00. ₦300.00-₦850.00
Tomato (1kg) ₦422.73. ₦250.00-₦500.00
Potato (1kg) ₦283.33 ₦250.00-₦300.00
Onion (1kg) ₦276.90. ₦200.00-₦330.69
Lettuce (1 head) 275.00 ₦ 250.00-300.00
Water (1.5 liter bottle) 144.44 ₦ 100.00-200.00
Bottle of Wine (Mid-Range) 1,500.00 ₦ 1,000.00-2,500.00
Domestic Beer (0.5 liter bottle) 251.25 ₦ 200.00-300.00
Imported Beer (0.33 liter bottle) 371.43 ₦ 250.00-500.00
Pack of Cigarettes (Marlboro) 225.00 ₦ 200.00-250.00
Transportation
One-way Ticket (Local Transport) 150.00 ₦ 100.00-200.00
Monthly Pass (Regular Price) 13,500.00 ₦ 11,500.00-21,000.00
Taxi Start (Normal Tariff) 500.00 ₦ 500.00-1,000.00
Taxi 1km (Normal Tariff) 625.00 ₦ 500.00-800.00
Taxi 1hour Waiting (Normal Tariff) ₦1,500.00 ₦1,000.00-₦2,500.00
Gasoline (1 liter) 119.59 ₦ 87.00-145.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,400,000.00 ₦ 2,500,000.00-4,000,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 5,175,000.00 ₦ 4,200,000.00-6,000,000.00
Utilities (Monthly)
Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment 30,333.33 ₦ 15,000.00-50,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 20.73 ₦ 12.00-35.00
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 12,350.00 ₦ 10,000.00-15,000.00
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult 15,100.00 ₦ 8,500.00-30,000.00
Tennis Court Rent (1 Hour on Weekend) 6,000.00 ₦ 3,000.00-10,000.00
Cinema, International Release, 1 Seat 1,500.00 ₦ 1,400.00-2,000.00
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 5,000.00 ₦ 3,500.00-7,500.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,100.00 ₦ 5,000.00-10,000.00
1 Pair of Nike Running Shoes (Mid-Range) 8,555.56 ₦ 5,000.00-12,000.00
1 Pair of Men Leather Business Shoes 13,166.67 ₦ 7,000.00-20,000.00
Rent Per Month
Apartment (1 bedroom) in City Centre 208,333.33 ₦ 150,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 14,083.33 ₦ 10,000.00-20,000.00
Apartment (3 bedrooms) in City Centre 480,000.00 ₦ 210,000.00-800,000.00
Apartment (3 bedrooms) Outside of Centre 166,666.67 ₦ 80,000.00-250,000.00
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 168,469.32 ₦ 45,000.00-300,000.00
Price per Square Meter to Buy Apartment Outside of Centre 143,469.32 ₦ 120,000.00-160,407.95
Salaries And Financing
Average Monthly Disposable Salary (Net After Tax) ₦114,416.67
Mortgage Interest Rate in Percentages (%), Yearly 19.10 16.00-21.00
Restaurants
Meal, Inexpensive Restaurant 500.00. Range ₦350.00-600.00
Meal for 2 People, Mid-range Restaurant, Three-course ₦9,250.00 ₦5,000.00-₦15,000.00
McMeal at McDonalds (or Equivalent Combo Meal) ₦1,450.00 ₦1,000.00-₦1,500.00
Domestic Beer (0.5 liter draught) ₦250.00. ₦210.00-₦300.00
Imported Beer (0.33 liter bottle) ₦400.00. ₦210.00-₦500.00
Cappuccino (regular) ₦661.11. ₦350.00-₦1,000.00
Coke/Pepsi (0.33 liter bottle) ₦97.69. ₦70.00-₦120.00
Water (0.33 liter bottle) ₦59.29. ₦50.00-₦100.00
Markets
Milk (regular), (1 liter) ₦520.00. ₦350.00-₦700.00
Loaf of Fresh White Bread (500g) ₦283.33. ₦250.00-₦400.00
Rice (white), (1kg) ₦483.33. ₦300.00-₦1,000.00
Eggs (12) ₦392.50. ₦300.00-₦500.00
Local Cheese (1kg) ₦2,250.00. ₦2,000.00-₦2,500.00
Chicken Breasts (Boneless, Skinless), (1kg) ₦1,175.00. ₦700.00-₦1,950.00
Beef Round (1kg) (or Equivalent Back Leg Red Meat) ₦1,450.00. ₦1,300.00-₦1,500.00
Apples (1kg) ₦473.99. ₦384.98-₦600.00
Banana (1kg) ₦455.12. ₦300.00-₦700.00
Oranges (1kg) ₦550.00. ₦300.00-₦850.00
Tomato (1kg) ₦422.73. ₦250.00-₦500.00
Potato (1kg) ₦283.33 ₦250.00-₦300.00
Onion (1kg) ₦276.90. ₦200.00-₦330.69
Lettuce (1 head) 275.00 ₦ 250.00-300.00
Water (1.5 liter bottle) 144.44 ₦ 100.00-200.00
Bottle of Wine (Mid-Range) 1,500.00 ₦ 1,000.00-2,500.00
Domestic Beer (0.5 liter bottle) 251.25 ₦ 200.00-300.00
Imported Beer (0.33 liter bottle) 371.43 ₦ 250.00-500.00
Pack of Cigarettes (Marlboro) 225.00 ₦ 200.00-250.00
Transportation
One-way Ticket (Local Transport) 150.00 ₦ 100.00-200.00
Monthly Pass (Regular Price) 13,500.00 ₦ 11,500.00-21,000.00
Taxi Start (Normal Tariff) 500.00 ₦ 500.00-1,000.00
Taxi 1km (Normal Tariff) 625.00 ₦ 500.00-800.00
Taxi 1hour Waiting (Normal Tariff) ₦1,500.00 ₦1,000.00-₦2,500.00
Gasoline (1 liter) 119.59 ₦ 87.00-145.00
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 3,400,000.00 ₦ 2,500,000.00-4,000,000.00
Toyota Corolla 1.6l 97kW Comfort (Or Equivalent New Car) 5,175,000.00 ₦ 4,200,000.00-6,000,000.00
Utilities (Monthly)
Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment 30,333.33 ₦ 15,000.00-50,000.00
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 20.73 ₦ 12.00-35.00
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 12,350.00 ₦ 10,000.00-15,000.00
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult 15,100.00 ₦ 8,500.00-30,000.00
Tennis Court Rent (1 Hour on Weekend) 6,000.00 ₦ 3,000.00-10,000.00
Cinema, International Release, 1 Seat 1,500.00 ₦ 1,400.00-2,000.00
ADVERTISEMENT
1 Pair of Jeans (Levis 501 Or Similar) 5,000.00 ₦ 3,500.00-7,500.00
1 Summer Dress in a Chain Store (Zara, H&M, ...) 7,100.00 ₦ 5,000.00-10,000.00
1 Pair of Nike Running Shoes (Mid-Range) 8,555.56 ₦ 5,000.00-12,000.00
1 Pair of Men Leather Business Shoes 13,166.67 ₦ 7,000.00-20,000.00
Rent Per Month
Apartment (1 bedroom) in City Centre 208,333.33 ₦ 150,000.00-250,000.00
Apartment (1 bedroom) Outside of Centre 14,083.33 ₦ 10,000.00-20,000.00
Apartment (3 bedrooms) in City Centre 480,000.00 ₦ 210,000.00-800,000.00
Apartment (3 bedrooms) Outside of Centre 166,666.67 ₦ 80,000.00-250,000.00
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre 168,469.32 ₦ 45,000.00-300,000.00
Price per Square Meter to Buy Apartment Outside of Centre 143,469.32 ₦ 120,000.00-160,407.95
Salaries And Financing
Average Monthly Disposable Salary (Net After Tax) ₦114,416.67
Mortgage Interest Rate in Percentages (%), Yearly 19.10 16.00-21.00
Note: Prices generated in Lagos, Nigeria
These data are based on 635 entries in the past 18 months from 90 different contributors.
Credit: http://www.numbeo.com/
Last update: August, 2016
These data are based on 635 entries in the past 18 months from 90 different contributors.
Credit: http://www.numbeo.com/
Last update: August, 2016
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