Food prices in Nigeria have witnessed a significant increase, making it one of the most pressing issues in the country in 2023. Understanding the cost of living in Nigeria is essential for individuals and businesses alike. To shed light on this matter, we have compiled a breakdown of the average cost of various food items, transportation, and other essential commodities.
Food Item Price in ₦ 1 meal in an inexpensive restaurant 1,500 3-course meal for 2 in a mid-range restaurant 20,000 Combo meal at McDonald’s/ KFC 3,000 1 litre of regular milk 1,585 500g fresh white bread 778 1kg white rice 1,272 1 dozen regular eggs 1,049 1kg local cheese 2,499 1kg chicken fillet 2,671 1kg beef 2,991 1kg apples 1,945 1kg ripe bananas 1,226 1kg oranges 992 1kg tomatoes 1,217 1kg potatoes 1,298 1kg onions 772 1 head lettuce 594 1.5 liters of drinking water 249 1 mid-range bottle of wine 3,000 1 domestic beer (0.5 liters) 490 Imported beer (0.33 liters) 644 20-pack cigarettes 750
Means Price in ₦ One-way local transport ticket 370 Monthly bus pass 15,850 1km on a taxi (regular tariff) 1,000 Taxi 1 hour waiting (normal tariff) 2,000 1-liter fuel 188 Buying a Volkswagen Golf 1.4 90 KW Trendline/ its equivalent 8,000,000 Buying a Toyota Corolla Sedan 1.6l 97kW Comfort/ its equivalent 13,375,000
