Cost of Living in Lagos Nigeria

Cost of Living in Lagos, Nigeria

Prices in Lagos

Indexes Consumer Price Index (Excl.Rent): 93.69 Rent Index: 24.59 Groceries Index: 94.72 Restaurants Index: 66.91 Consumer Price Plus Rent Index: 60.39 Local Purchasing Power: 22.96

Currency USD

Restaurants	mean	Range
Meal, Inexpensive Restaurant	10.00 $
Meal for 2, Mid-range Restaurant, Three-course	37.31 $
Combo Meal at McDonalds or Similar	10.00 $
Domestic Beer (0.5 liter draught)	2.00 $
Imported Beer (0.33 liter bottle)	3.04 $
Cappuccino (regular)	4.00 $
Coke/Pepsi (0.33 liter bottle)	0.76 $
Water (0.33 liter bottle)	0.75 $
Markets	mean
Milk (regular), 1 liter	2.60 $
Loaf of Fresh White Bread (500g)	1.39 $
Rice (1kg)	5.06 $
Eggs (12)	2.84 $
Local Cheese (1kg)	16.56 $
Chicken Breasts (Boneless, Skinless), (1kg)	11.00 $
Apples (1kg)	5.59 $
Oranges (1kg)	2.00 $
Tomato (1kg)	1.26 $
Potato (1kg)	2.51 $
Lettuce (1 head)	1.26 $
Water (1.5 liter bottle)	0.85 $
Bottle of Wine (Mid-Range)	12.00 $
Domestic Beer (0.5 liter bottle)	2.00 $
Imported Beer (0.33 liter bottle)	4.50 $
Pack of Cigarettes (Marlboro)	3.00 $
Transportation	mean
One-way Ticket (Local Transport)	1.00 $
Monthly Pass (Regular Price)	70.49 $
Taxi Start (Normal Tariff)	3.50 $
Taxi 1km (Normal Tariff)	3.00 $
Taxi 1hour Waiting (Normal Tariff)	8.15 $
Gasoline (1 liter)	0.61 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	18,531.07 $
Utilities (Monthly)	mean
Basic (Electricity, Heating, Water, Garbage) for 85m2 Apartment	136.54 $
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)	0.19 $
Internet (6 Mbps, Unlimited Data, Cable/ADSL)	75.00 $
Sports And Leisure	mean
Fitness Club, Monthly Fee for 1 Adult	131.38 $
Tennis Court Rent (1 Hour on Weekend)	10.00 $
Cinema, International Release, 1 Seat	10.00 $
Clothing And Shoes	mean
1 Pair of Jeans (Levis 501 Or Similar)	47.06 $
1 Summer Dress in a Chain Store (Zara, H&M, ...)	100.00 $
1 Pair of Nike Shoes	75.00 $
1 Pair of Men Leather Shoes	150.00 $
Rent Per Month	mean
Apartment (1 bedroom) in City Centre	500.00 $
Apartment (1 bedroom) Outside of Centre	126.06 $
Apartment (3 bedrooms) in City Centre	1,825.00 $
Apartment (3 bedrooms) Outside of Centre	450.00 $
Buy Apartment Price	mean
Price per Square Meter to Buy Apartment in City Centre	3,000.00 $
Price per Square Meter to Buy Apartment Outside of Centre	1,056.81 $
Salaries And Financing	mean
Median Monthly Disposable Salary (After Tax)	536.57 $
Mortgage Interest Rate in Percentages (%), Yearly	16.50

These data are based on 339 entries in the past 18 months from 45 different contributors.

Update of March, 2013

Bottom of Form

CPI Index012093.69

Rent Index012024.59

Restaurants012066.91

Top of Form

 

Courtesy of www.numbeo.com

TUFACE AND ANNIE IDIBIA'S WEDDING PIX

Take a look at the recent piuctures at the wedding ceremony of Tuface Idibia and Annie Marculy wedding going on right now in one of the world's longest tower hotel in dubai.

MTN Backs Titans of Tech 2013 Conference

Leading information communications technology (ICT) firm, MTN Nigeria, has thrown its weight behind the 2013 edition of the prestigious Titans of Tech conference and exhibition.
Speaking to newsmen in Lagos weekend, Don Pedro Aganbi, Managing Consultant, Technology Africa, praised the ICT giant for again demonstrating its commitment to contributing to the continued growth and development of the Nigerian economy.
According to him, “MTN’s support and endorsement of the Titans of Tech 2013 is based on the firm belief and conviction that the conference will engender further growth of Nigeria’s telecommunications sector and indeed ICT market, which has experienced phenomenal growth in the last decade.

With the theme “Broadband, Data Centres and the Quest for Inclusive Society” the conference will afford MTN and indeed all other sponsors ample opportunities to reveal the extent of their investment in Nigeria and the growing need to promote access to broadband across the country.
The ICT enthusiast noted that the Titans of Tech, now in its eighth year, would provide a platform for government to present its plans/policies and the private sector to provide insights into challenges, opportunities, available solutions and options in deploying infrastructure to support the emerging digital economy. In addition it is a great opportunity for networking and forging strategic partnerships amongst key stakeholders in the sector.
Mr. Aganbi revealed that ICTs have proven to offer immense potential to development which explains why many African countries have in the last decade witnessed a rapid development of their ICT infrastructure.
He stated “We believe it is imperative to continue to encourage the development of robust, reliable and affordable ICT infrastructure that supports and enables the provision of a multiplicity of applications and services to meet the needs of the country and its people”.
Titans of Tech 2013 conference and exhibition is scheduled to hold at the Oriental Hotels, Victoria Island, Lagos, April 12, 2013.
Participants at the high-octane forum includes local and International Infrastructure Providers firms, policy makers in Government including Ministry of Information and Communications, Ministry of Science & Technology, National Assembly, Nigerian Communications Commission, NITDA, Ministry of Education, among others. Other include ICT Solutions Providers, top Executives in the public and private sector organizations, decision makers in Banks and non-bank financial institutions, leading oil and Gas industry operators, international Funding and Development Agencies and ICT consultants and content providers.

YOUTH LEADER CALLS FOR CONSTRUCTIVE CRITICISM OF GOVERNMENT

Fellow concerned colleagues, for the fact that squalor and poverty lay behind Abuja’s glittering facade  I will continue to criticize government inadequacies and inefficiency constructively till our inequalities are addressed and contained through a unique programme for social redistribution.

Let us criticize reasonably and proffer solutions accordingly.

Federal allocations, derivation accounts, proposed 10% allocation to oil communities as contained in the Petroleum Industrial Bill (PIB), are all meaningless without direct impact on our social and economic development.
Due to crass ineptitude, avarice, and corruption with impunity, government allocations and revenues have ended into the private pockets of our prowling political vultures, less of transparency and accountability.

As youths; the strength of the nation, let our actions and inactions not continue to be bereft of reasoning and cultural history that is dragging this nation inexorably to intellectual sterility and political mayhem.

The centenary celebration should be an occasion for us to gloriously celebrate our Economic Freedom, not just political emancipation. Let us work collectively to address these challenges.

Our lawmakers should live above board, from independence to date; there is no basic law in our constitution that adequately addresses the concerns of ordinary Nigerians. It has been business as usual.
Hatching eggs for themselves and their political godfathers. Over – sight function has being an avenue for financial enrichment, rather than what it ought to be.
Endorse Social Redistribution and lay a constitutional Instrument for it.

Let the mandate of every elected political officer be for the welfare of ordinary people.

I duly believe that only political revolution can adequately contain and address our concerns, not just an ephemeral political agenda to win Aso Rock  seat of power.

Thanks.
Noble C.C.Adaelu
National President
THE CONCERNED YOUTH EMPOWERMENT ASSOCIATION OF NIGERIA

 — 

President GEJ Grants Presidential Pardon

The Council of State headed by president Goodluck Ebele Jonathan yesterday granted pardon to some ex-convicts in exercise of his constitutional obligations as the head of the highest decision making body in the country.

Those who were granted pardon include the former Chief of Staff Supreme Military Council, and brother of the late President, Major General Shehu Musa Yar’Adua; former Chief of General Staff, Oladipo Diya and former Governor of Bayelsa State, Chief DSP Alamieyeseigha were among those granted state pardon.

The Council of State, unanimously approved the list of those pardoned.

The Council of State, which is comprised of the President, Vice President, all state governors, former Presidents, the Chief Justice of the Federation, the Senate President and Speaker, amongst others.

Others granted pardon include Major Bello Magaji (rtd), Mohammed Lima Biu, Shettima Bulama, Major Geeneral Abdulkareem Adisa (Post Humous) and Major Segun Fadipe (rtd) respectively.

Ahaoma Kanu, CNN Award Winner Appointed COO PDP Publicity Team

The Peoples Democratic Party (PDP) has appointed Mr. Ahaoma Kanu, an award winner and a seasoned journalist with the CNN, as Chief Operating Officer of the party’s publicity team.

National Publicity Secretary of the party, Mr Olisa Metuh, made this known in a statement he issued on Tuesday in Abuja.

He said that the decision was taken by the party’s National Working Committee (NWC) as part of measures to consolidate on the party’s editorial team.

The PDP spokesman said that the party’s website and its official magazine“the umbrella’’ had been repackaged ahead of the 2015 general elections.

This, he added was part of programmes of the party’s publicity directorate geared toward ensuring that it maintained its “preeminent position’’ in 2015, in spite of the antics of opposition parties.

“The PDP website will have a contemporary outlook and multimedia components making it a useful tool for the younger generation of Nigerians to be more actively involved in the activities of the ruling party.

“In the same vein, the party’s official magazine; the umbrella, has been repackaged and upgraded to have more content.

“It will focus on development strides recorded by the party at the federal, state and local government levels in the country, ’’ Metuh said.

My brother, my friend more strength and devine speed as you soar higher!!!