Categories: Latest News

Full List: 10 most expensive Nigerian states to live in 2024

As evidenced by the Consumer Price Index (CPI) data for April 2024, Nigeria’s economic landscape is undergoing significant changes, leading to fluctuations in the cost of living across its states.

Contents
KogiBauchiOyoOndoRiversKwaraJigawaOsunLagosAbia

In 2024, certain states have become particularly expensive due to different factors, including rising inflation rates and increased prices of essential goods and services.

According to the latest report from the National Bureau of Statistics (NBS), Nigeria’s inflation rate has reached a near-record high of 33.69% in April 2024.

This sharp increase points out the severe economic pressures impacting the nation’s cost of living.

Below are the top 10 most expensive states to live in Nigeria, according to the latest all-item inflation rates:

Kogi

Kogi continues to lead as the most expensive state in Nigeria, recording the highest all-item inflation rate of 40.84% in April 2024, up from 39.95% in March 2024. The food inflation rate in Kogi is also notably high, rising slightly from 48.47% in March to 48.62% in April.

Bauchi

Bauchi has retained its position as the second most expensive state. The all-item inflation rate in Bauchi rose from 38.34% in March 2024 to 39.91% in April 2024. Interestingly, the food inflation rate decreased slightly, moving from 34.38% in March to 33.85% in April.

Oyo

The all-item inflation rate in Oyo increased from 37.30% in March to 38.37% in April.

Ondo

The all-item inflation rate in Ondo surged from 35.81% in March 2024 to 38.12% in April 2024.

Rivers

The all-item inflation rate in Rivers saw a slight increase, rising from 37.20% in March 2024 to 37.64% in April 2024. However, the food inflation rate decreased marginally, from 45.08% in March to 44.50% in April.

Kwara

Kwara experienced a minor decrease in the all-item inflation rate, moving from 38.10% in March 2024 to 37.52% in April 2024. Despite this, food inflation remained high, increasing from 46.18% in March to 46.73% in April.

Jigawa

Jigawa witnessed a rise in the all-item inflation rate, climbing from 34.32% in March 2024 to 37.31% in April 2024. Additionally, food inflation surged from 37.77% in March to 42.48% in April.

Osun

Osun reported an all-item inflation rate of 37.17% in April 2024, marking a considerable increase from 35.44% in March 2024.

Lagos

Lagos, Nigeria’s commercial hub, saw a noticeable surge in the all-item inflation rate. It rose from 34.13% in March 2024 to 37.15% in April 2024.

Abia

Abia State experienced a slight decrease in inflation. In April 2024, the all-item inflation rate in Abia stood at 36.50%, showing a marginal increase from the 36.09% recorded in March 2024.

ALSO READ THESE TOP STORIES FROMNIGERIAN TRIBUNE

 

Sandra Nwaokolo

Share
Published by
Sandra Nwaokolo
Tags: 2024most expensive Nigerian states
12 months ago

Recent Posts

CBN: Tackling FX speculations, narrowing exchange rate disparities

  The Central Bank of Nigeria (CBN), deploying various reform measures, has curtailed the once-wide…

23 minutes ago

As an Entrepreneur: The Vision of Value

  Entrepreneurship is essentially about problem solving through creative thinking. Creativity is thinking outside of…

1 hour ago

CEO Test

  The CEO is the highest ranking officer of an organisation. There was a time…

1 hour ago

AfDB unveils new $2.95bn five year strategy for Nigeria

THE African Development Bank (AfDB) has launched a new five-year Country Strategy Paper (CSP) for…

1 hour ago

After 18 years of neglect, Oyebanji completes Ado-Ifaki highway

      Many residents of Ekiti State are now gushing with indescribable joy over…

1 hour ago

Knowing your essence and your reward

    THEN Pharaoh said to his brothers, “What is your occupation?” And they said…

1 hour ago

Welcome

Install

This website uses cookies.