Cost of Living In Abuja And Lagos 2023/2024

Cost of Living In Abuja And Lagos 2023/2024

Relocating from one place to another is a major activity of people from various part of Nigeria. People might want to change environment due to study/education, marriage, work, tourism, short leave, and so on… However, when relocating from one state or country to another, it is very important to take pen and paper to count the cost of living in the selected places. Home

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Cost of living or livelihood could mean cost of accommodation, Transportation, cost of feeding, cost of commodities, and so on. If you are relocating to another country totally, it is important that you convert the currency with you to that particular country currency in order to fully manage your budget. However, it is very important to take note of these things so that you would have a well planned budget.

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Right here, we will be looking at the cost of living in Lagos state Nigeria versus the cost of living at Federal Capital Territory (FCT) Abuja.

LAGOS STATE

Things to Take note of:

1. Lagos state Nigeria is the most populated state in Nigeria according to the most recent census
2. Lagos State is considered a mega city
3. Over 60% of the entire country’s’ revenue is generated from Lagos state
4. The cost of Accommodation in Lagos state is greatly determined by the region (e.g. budget between #150,000 – #300,000 for a good single room self contain in regions such as Igando, Iyana Ipaja, Ikotun and environs…. with good water supply, electricity, etc.) but places such as Victoria Island, Ikeja, Maryland, etc., Budget between #500,000 upwards for a single room self contain..
5. Due to the large population in Lagos state, there is always road traffic
6. Lagos State start their daily business between 4:00am – 5:00am and closes normal closing hours except for some businesses that stays open till 12am
7. Whenever there is road traffic, there is tendency that you would arrive home midnight daily
8. Iyana Ipaja and environs mainly uses buses, motorcycle and tricycle to transport passengers from one place to another, very few taxi drops while places such as Maryland and environs mainly uses Uba, Bolt, drop and few public bus transporters to transport passengers
9. Cost of feeding in Lagos is similar to other major western states in Nigeria except for places like Maryland and environs
10. The color of Lagos State public bus transport is yellow and stripped black
11. The fees of Universities and schools are dependent on the area or region and also based on the standard of the school
12. Lagos state is a good place to scale your business due to the high population

summary: Lagos state is a very good state to be if you take note of the above mentioned tips

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FEDERL CAPITAL TERRITORY (FCT) ABUJA

Things to take into Cognizance:

1. Abuja is the federal capital territory of Nigeria that’s why it is called FCT Abuja
2. In Abuja, we have the house of assembly and presidential house
3. The cost of feeding in Abuja is similar to that of Lagos state
4. Abuja uses taxi drops, personal owned cars for transporting people from one place to another, and some long buses too… At some rural areas, the Hausas are the major motorcycle drivers
5. The cost of Accommodation is similar to that of Lagos state (places like lugbe in Abuja and environs can be likened to places like Iyana Ipaja and environs in Lagos state. while places like Maitama, Wuse, etc. can be likened to Maryland and environs)
6. The distribution of electricity in Abuja is similar to that of Lagos state
7. There is minimal traffic in Abuja Nigeria
8. Abuja businesses opens and closes normal official hours but some entrepreneurs and private business opens between 8:00am and 9:00am and closes very early
9. Abuja is a northern State In Nigeria, However, you ill see majority of Hausa speaking persons
10. Whenever the president of Nigeria is passing, every other vehicles are told to stop moving until he is done passing
11. The cost of schools and universities is similar to that in Lagos State Nigeria
12. Abuja is well known for having Good roads

Cost of Living In Abuja And Lagos 2023/2024

Summary: Abuja is a very good place to be if you take above, and you should also know that Abuja is more of Official residence..

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