🇳🇬 Cost of Living in Nigeria - Prices & Budget Guide
Last updated: February 2026
Verified Facts
Official NameFederal Republic of Nigeria
CapitalAbuja
Population223.8 million
Area923,768 km² (356,669 sq mi)
LanguagesEnglish
CurrencyNigerian naira (₦)
TimezoneUTC+01:00
RegionAfrica / Western Africa
Drives onRight
Source: REST Countries API
Economic Indicators
GDP per Capita (PPP)$9,087 (2024)
Inflation Rate33.2% (2024)
Health Spend per Capita$67 (2023)
Out-of-Pocket Health Spend71.9% (2023)
Education Spend (% GDP)0.3% (2023)
Source: World Bank Open Data
Quick Facts
Cost LevelAffordable
Daily Budget (Backpacker)$20-40 USD
Daily Budget (Mid-Range)$50-100 USD
Daily Budget (Comfort)$150-300 USD
CurrencyNGN
Tipping Customnot expected
How Expensive Is Nigeria?
Nigeria is a country with a diverse economy and a wide range of prices for goods and services. Compared to other countries in West Africa, Nigeria is relatively affordable, with prices similar to those in Ghana and Senegal. However, the cost of living in Nigeria can vary greatly depending on the location, with cities like Lagos and Abuja tend to be more expensive than smaller towns and rural areas. Overall, Nigeria is a great destination for travelers and expats who want to experience the rich culture and history of the country without breaking the bank.
In terms of global averages, Nigeria is considered to be a relatively affordable country, with prices for accommodation, food, and transportation comparable to those in other developing countries. However, the cost of living in Nigeria can be affected by factors such as inflation, exchange rates, and local economic conditions, so it's always a good idea to research and plan ahead to get the best value for your money.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$10-20
basic amenities, shared rooms
Mid-Range Hotel
$30-60
private rooms, air conditioning, TV
Luxury/Resort
$100-200
high-end amenities, pool, gym
Apartment Rent (monthly)
$200-500
city center, 1-2 bedrooms, furnished
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$2-5
Casual Restaurant
$5-10
Mid-Range Restaurant (2 people)
$15-30
Fine Dining
$30-50
Beer (local)
$2-5
Coffee
$1-3
Water (1.5L bottle)
$1-2
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$0.50-1.00
Taxi (per km)
$1-2
Domestic flight
$50-100
Fuel (per liter)
$0.50-1.00
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
200
400
800
Food
150
300
600
Transport
50
100
200
Utilities
50
100
200
Entertainment
50
100
200
Total
500
1000
2000
Money-Saving Tips
Consider staying in guesthouses or hostels instead of hotels to save on accommodation costs
Eat at local restaurants and street food stalls to experience the authentic cuisine and save money
Use public transportation or walk/bike whenever possible to reduce transport costs
Shop at local markets for fresh produce and other essentials to get the best prices
Avoid exchanging money at airports or hotels, as the rates tend to be unfavorable
Learn some basic phrases in local languages, such as Hausa or Yoruba, to show respect and get better prices from vendors and service providers
Overall, Nigeria is a great destination for travelers and expats who want to experience the rich culture and history of the country without breaking the bank. With some planning and research, it's possible to have a comfortable and enjoyable stay in Nigeria without overspending.