As the cost of living continues to climb in major Nigerian cities like Lagos and Abuja, several states offer surprising affordability.
These locations provide a better opportunity to manage your budget, whether you’re a young professional, a retiree, or simply seeking a break from high expenses, thanks to lower rent and more affordable food prices.
Based on the latest report from the National Bureau of Statistics (NBS), here are the ten most affordable states in Nigeria, featuring lower inflation and better living conditions.
Nigeria’s 10 Most Affordable States by Inflation
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Ondo State: This year, Ondo stands out as Nigeria’s most affordable state. It boasts an overall inflation rate of just 13.4% and food inflation of 20.6%. Prices even dropped by 3.4% last month, making your money go further here than anywhere else.
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Cross River State: With an inflation rate of 17.1%, Cross River is another excellent choice. Food prices are rising slowly at 14.5% annually, and the monthly change is a modest 2.2%, outperforming many other states.
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Kwara State: Kwara offers a blend of city life and affordability. The state’s inflation is 17.3%, and food prices have only increased by 15.8% this year. Its 2.8% monthly rise is among the most stable in Nigeria.
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Akwa Ibom State: Despite being an oil-rich state, Akwa Ibom remains affordable. Inflation sits at 17.4%, with food prices up by just 16.4%. Uyo, the capital, provides good infrastructure at fair prices.
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Katsina State: In northern Nigeria, Katsina is noteworthy. Its inflation is 17.6%, and food costs have risen by 22.1%—still better than many other northern states. Monthly food price increases are also kept in check at 6.4%.
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Oyo State: Ibadan demonstrates that city life can be enjoyed without high costs. Inflation is 18.7%, and food prices actually decreased by 7.0% last month—a rare and welcome development.
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Plateau State: Jos, known for its cool climate, has an inflation rate of 18.9%. While food prices are higher at 30.5%, the monthly rise of 11.4% remains reasonable compared to many other states.
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Rivers State: Although a wealthy state, Rivers isn’t as expensive as one might expect. Inflation stands at 19.2%, and food prices are up 18%. Overall prices saw a slight drop of 0.7% last month.
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Taraba State: Taraba records 19.9% inflation, with food prices rising by 20.3% annually. However, the month-on-month increase was only 1.4%, indicating good affordability.
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Ogun & Adamawa States: Both states share a 20.9% inflation rate. However, their food price trends are more encouraging: Ogun saw the largest drop in food costs nationwide, falling by 7.06% in one month, while Adamawa’s food inflation remained low at 9.52%.
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