According to a report by the Economic Intelligence Unit today, Lagos State has been ranked the second cheapest city in the world for expatriates.

Lagos which fell 16 places to 132nd place on the world priciest cities index joins Kazakhstan’s Almaty at the bottom. The report says, “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.

source:http://www.pressnewsng.com.ng/2017/11/lagos-state-ranked-as-second-cheapest.html

no wonder all these pseudo whites are always reluctant to leave

activistjohnny:
cc seun cc lalasticlala cc mynd44 cc fynestboi

One cc is enough for all of them oga

Kondomatic:
One cc is enough for all of them oga

well if i don't do that they won't do the needful.

K

,

So many indians and chinese hardly see Americans, Britons and Europeans


The so called expats are Third generation Indians and Chinese on hustling....nonsense hustlers.

Ambode sef

All these recognitions Lagos is getting is the reason why some persons want to kill themselves shouting 'no man's land'


Eko oni baje

U SEE!!
in humblesmith's voice

OKORO COME TO LAGOS O



wire was here

I dey vex right now

Ok

despite our efforts to develop this city, e no gree develop.

Also for skull miners.

They grade lagos as one of the three cities in Africa

hmmm..I don't understand. is this good news or bad news

guess Asia rocks

Keneking:
So many indians and chinese hardly see Americans, Britons and Europeans


The so called expats are Third generation Indians and Chinese on hustling....nonsense hustlers.

Ambode sef

Keneshuku, how many Britons and Americans do you want to see near the 2by2 chicken cage-sized room you're squatting in at Okokomaiko?

How many Europeans do you want to see at Abule Egba bridge where you're hawking gala?

Leave your suffering story and enter Reeve Road in Ikoyi or Thompson Avenue and you'll weep that your ancestors missed the slave ship.

Come to Nairaland and be talking trash. Did hawking gala affect your brain?

Dirty lagos polluted by afonja dry shit big nyass

Ghanian and Cameron nko?

Yeah because Lagos is a slum

Lool

this people go just use different rankings dey confuse person

but most expensive in Nigeria

ooooo

Eko oni baje ooh

Who did the ranking and how did they arrive at it?

Buhari needs to read this and strengthen our currency and stop all this shadow chasing ,lies and propaganda against PDP. Well oil is now 63$/b so i go see lie them.go talk again

Earthquake1:
Also for skull miners.

When sense is scarce.

Alexis11:
All these recognitions Lagos is getting is the reason why some persons want to kill themselves shouting 'no man's land'


Eko oni baje

wait ooo.And you think this is good news..

Worldbest281:
but most expensive in Nigeria

Abuja Nkoo?