Prices and Cost of Living in Nigeria

Food and beverage prices in Nigeria

Popular food products found on store shelves in Nigeria include bananas, rice, bread, onions, eggs, tomatoes, cheese, beef and potatoes, among others. Prices for a kilo of these products range from 784 NGN (0.59 USD) for a kilo of onions to 2668 NGN (2.02 USD) for a kilo of beef. The price of white rice is 1251 NGN (0.95 USD) per kilo, while a loaf of fresh white bread costs 647 NGN (0.49 USD) per half kilo. Bananas cost 926 NGN (0.7 USD) per kilo, while apples cost 1405 NGN (1.06 USD) per kilo.

Water, available in 1.5-liter bottles, costs 245 NGN (0.19 USD). Dairy prices in Nigeria, on the other hand, are as follows: 1 liter of milk costs about 1664 NGN (1.26 USD), and 1 kilogram of locally produced cheese is an expense of 1968 NGN (1.49 USD). Chicken filet, which is a common ingredient in meat dishes, costs in the range of 2492 NGN (1.89 USD) per kilo. Eggs (12 pieces per package) are an expense of about 978 NGN (0.74 USD), and the average price of tomatoes is 1253 NGN (0.95 USD) per kilo.

What is the typical cost for an affordable meal?

Prices in restaurants in Nigeria vary and depend on several factors, such as the type of restaurant, location and time of day. For instance, a Cappuccino typically costs around 1530 NGN (1.16 USD), while a 0.33-liter bottle of Coca-Cola or Pepsi is priced at approximately 186 NGN (0.14 USD). At a fast-food restaurant such as McDonald's, you can expect to pay 3000 NGN (2.27 USD) for a meal, whereas a meal for two at a mid-range restaurant could cost around 20000 NGN (15.13 USD). Budget-friendly dining options are also available, with some restaurants offering meals for as little as 2000 NGN (1.51 USD).

How much does transportation cost in Nigeria?

The average expense of a one-way trip using local transportation stands at approximately 400 NGN (0.3 USD), while a monthly ticket for public transportation has an average cost of roughly 15217 NGN (11.52 USD). Choosing to travel by taxi would entail an initial fee of 675 NGN (0.51 USD), along with a per-kilometer charge of 1000 NGN (0.76 USD).

Fuel prices in Nigeria

Average fuel prices in Nigeria are 585 NGN (0.44 USD) per liter of gasoline and 1069 NGN (0.81 USD) per liter of diesel.

How much does it cost to rent an apartment in Nigeria?

The cost of renting or buying an apartment in Nigeria varies according to its location. On average, renting an apartment with one bedroom and a living room outside the city center costs approximately 359091 NGN (272 USD) per month, while the same type of apartment in the city center can cost around 714139 NGN (540 USD) per month. In comparison, the purchase price of an apartment in the city center is 380652 NGN (288 USD) per square meter.