Nigeria commercial nerve centre , Lagos, has been
ranked the second cheapest city in the world for
expatriates.


According to a report by the Economic Intelligence
Unit on Monday , Lagos which fell 16 places to
132 nd place on the world priciest cities index joins
Kazakhstan ’ s Almaty at the bottom .


The report said, “Although Nigeria has been
attracting significant interest and investment in
recent years, the fall in global oil prices has driven
a collapse in the value of the Nigerian naira ,
which pushed down relative pricing , despite
strong local inflation. The relative cost of living in
Lagos has more than halved since 2008 , which
might signal renewed interest from foreign
investors , with price levels so low by international
standards. “

The Worldwide Cost of Living 2017 report saw
Asian cities take five of the top ten spots, thanks to
a sustained recovery in the strength of the
Japanese yen that propelled Tokyo and Osaka back
into the top ten, alongside Singapore and Seoul .


Singapore was ranked the most expensive city in
the world for expatriates for the fourth
consecutive year .


Western Europe accounted for a further four
cities , with stalwarts Zurich and Geneva in third
and seventh position respectively.
Paris , the only Eurozone city , came in eighth
position and the Danish capital Copenhagen , which
pegs its currency to the Euro, rounded off the top
ten.


New York was the lone North American
representative, falling to ninth position owing to a
slight weakening of the U .S . dollar , which also
affected the position of other US cities .
In spite of topping the ranking , “Singapore still
offers relative value in some categories, especially
compared with its regional peers ,” the report said .
It remains significantly cheaper for categories such
as household goods, personal care and domestic
help , but is still the most expensive place in the
world to buy and run a car , the report found .
In contrast , Seoul , Tokyo and Osaka were the three
most expensive places in the world to buy staple
goods.


The Worldwide Cost of Living is a twice- yearly
survey that compares more than 400 individual
prices across 160 products and services that
include food , rent, transport and recreational
costs , among others .


www.punchng.com/lagos-ranked-second-cheapest-city-worldwide-singapore-worlds-priciest/

Following

Lagos cheapest? wrong

yorubaland and Igbo people's benin land or no mans land or whatever!

Lagos is not cheap

If Lagos ranked 132

I can bet you no states from the east side can ranked 15,000 on the list

cheapest..,,, and Nigerians are struggling to stay or live in Lagos...,the naira is weak,the govt is weak,our leaders are weak,economy is weak..,,,Nigeria,as a system is weak!!!!

sarrki:
If Lagos ranked 132

I can bet you no states from the east side can ranked 15,000 on the list

...See u, see weakness...you are a weak man...

Airforce1:
Lagos is not cheap

As weak as anything u can think of ..

Donald50:
...See u, see weakness...you are a weak man...

Mechonu

Where have I wronged you in my statement ?

Cheapest ke. Are they talking about Agege and Iyana paja?

Donald50:
As weak as anything u can think of ..

Mr developer

Abi nah emergency analyst Tell us what we don't know

For expatriates, maybe Yes because a dollar is like N360 and you bring huge amount of dollars into Nigera, nna, you be lord.

We Nigerians believe and sabi say Lagos is not only the most expensive but toughest place to live for Nigeria. Only the gallant and strong dey survive. If you survive for Lasgidi, no where wey you no fit live, fact!!!

Na lie

Sylver247:
Cheapest ke. Are they talking about Agege and Iyana paja?

Yes, chepeast city not cheapest Village…. Hope you can see the other cities on the list

Lagos is a World Renowned City. So l expect it to be London, New York or America to some specific groups of people.

Donald50:
cheapest..,,, and Nigerians are struggling to stay or live in Lagos...,the naira is weak,the govt is weak,our leaders are weak,economy is weak..,,,Nigeria,as a system is weak!!!!

and you yourself is the weakest!

sarrki:
If Lagos ranked 132

I can bet you no states from the east side can ranked 15,000 on the list

Go and repair your manhood

sarrki:

Mechonu
Where have I wronged you in my statement ?

..if u ask me,na who I go ask

sarrki:
If Lagos ranked 132

I can bet you no states from the east side can ranked 15,000 on the list

Sarrki, no take laff kee me abeg

sarrki:



Mr developer

Abi nah emergency analyst Tell us what we don't know

Sarrki again? I swear you be comedian.

unless they consider Lagos as the only city in Nigeria. Onitsha is far more affordable than Lagos.

Are u f#####g kidding me?? Lagos is cheap??
Well it could be due to the falling naira..

sarrki:
If Lagos ranked 132

I can bet you no states from the east side can ranked 15,000 on the list

Who do you this thing Salaki? must everything be all about Ipob, East, Buhari, Apc etc? tufiakwa gi!

QueenOfNepal:
Go and repair your manhood

How will that help you my dear ?

sarrki:
If Lagos ranked 132

I can bet you no states from the east side can ranked 15,000 on the list

Savagery

Donald50:
cheapest..,,, and Nigerians are struggling to stay or live in Lagos...,the naira is weak,the govt is weak,our leaders are weak,economy is weak..,,,Nigeria,as a system is weak!!!!

Your parents are weak to produce an offspring like you

Lagos is cheap for foreigners who live there . Our weak currency contributed to that . Read the article first.