Nigeria Claims Lowest Living Costs in Africa, But Critics Skeptical: BBC Reports
The Nigerian president’s office stirred controversy by stating that Nigeria has the cheapest living expenses in Africa. This claim came after a political opponent criticized President Bola Tinubu’s economic policies, saying they’re making life harder for Nigerians.
While Nigeria ranks well for affordability according to Numbeo, an online cost-of-living database, it’s worth noting that only 23 out of Africa’s 54 countries were surveyed.
However, for many Nigerians, this ranking doesn’t ease their struggles with high inflation rates on essential goods, the removal of fuel subsidies, and a weak currency.