₦airaland Forum

Out of the 10 states, 2 are in the North while 8 are in the South. Out of the 8 in the South, 4 are in the South-west, 2 in the South-East, and 2 in the South-South. Out of the 2 states in the North, 1 is in the North-Central and 1 in the North-West.

Nigeria’s economic scene is currently wrestling with unprecedented challenges as the cost of living skyrockets to levels previously unseen.
A recent report from the National Bureau of Statistics (NBS) has put the nation’s inflation rate at a staggering 29.90%, underscoring the severe economic pressures reshaping the cost of living across the country.

This inflationary pressure is not evenly distributed, with its impact varying significantly across different subnational regions.

The NBS’s detailed analysis for January 2024 brings to the forefront the underlying causes driving this surge in inflation.

Key among these is the sharp rise in food prices, exacerbated by security challenges in critical agricultural zones and a spike in transportation costs, among other factors.

The report further contains the top 10 most expensive states in Nigeria in January 2024. This crucial data provides a clearer picture of the economic distress experienced by Nigerians in various states, highlighting the urgency of addressing these inflationary pressures. Below is the list of the 10 most expensive states in Nigeria in January 2024:

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 10. Lagos
Leaving its regular spot of being the second most expensive state in Nigeria, Lagos settles at the 10th position on the list in January 2024, with an all-items inflation rate of 31.85%, a slight decrease from the previous month’s figures of 32.32%.
Notably, the food inflation rate slowed to 38.1%, from 39.3% in December 2023, which means that the inflation rate is declining in the state. 

 9. Osun 
In the 9th position, Osun has an all-item inflation rate of 32.31% in January 2024. A comparison with December 2023 figures reveals an increase from 30.13%.

Furthermore, the food inflation in the state stands at 39.7%, reflecting a marginal rise from 37.4% recorded in December 2023.

 8. Ondo 
Ondo takes up at the 8th position in January 2024, reporting an all-item inflation rate of 32.33%, up from 30.91% in December 2023.

The food inflation rate stands at 39.6%, a substantial jump from 36.9% in December 2023, underscoring the pivotal role of food in driving inflation in Ondo State.  

 7. Ebonyi 
Ebonyi State takes the 7th position as all-item inflation stands at 32.36% in January 2024. This figure represents a significant increase from December’s 31.07%.

Also, the food inflation in the state is at 39.1%, higher than the 35.7% recorded in December 2023, emphasising the significant role of food prices in the state’s inflation dynamics.  

6. Bauchi 
Also, on the list is Bauchi in the 6th position with an all-items inflation rate of 32.37% in January 2023, a notable increase from 31.56% in December 2023.
Food inflation shows an increase from 27.5% in December 2023 to 28.8% by the beginning of 2024.  

5. Rivers 
Ranking 5th on the list is Rivers state, with a 32.74% inflation rate in January 2024, an increase from the 32.15% recorded the previous month.
The food inflation is higher at 40.1%, but an increase from December’s 38.6%, suggesting that food is a major driver of inflation in this state.  

 4. Abia 
Abia State also makes the list with an all-items inflation rate of 33% in January 2024, an increase from 31.28% recorded in December 2023.
Food inflation picks up at 39.6%, a notable uptick from December’s 37.2%, indicating a growing trend of increased living expenses, especially related to food. 

3. Akwa Ibom 
Maintaining the 3rd spot is Akwa Ibom State, reporting an all-items inflation rate of 33.16% in January 2024, marking an increase from December’s 31.08%. 

Notably, the food inflation rate increased to 40%, compared to December’s 37.4%.  

 2. Oyo 
Oyo unseats Lagos to become the second most expensive state in Nigeria, with an all-items inflation rate of 34.58% in January 2024, a significant increase from December’s 31.29%.
The food inflation rate is 37.3%, showing an increase from December’s 34.3%, which means that food is a major driver of inflation in this state. 

1. Kogi 
As usual, Kogi tops the chart as the most expensive state in Nigeria in January 2024. It recorded an all-items inflation rate of 35.78% from 35.57% in December of the same year.
However, the food inflation rate slowed to 44.2%, a slight decrease from the previous month’s 44.7%. Despite the slight decrease, Kogi still has the highest food inflation in Nigeria.

Source: Nairametrics

100% Disagree
All these cooked up misinformation you call statistics
Clearly some people over at Nairametrics are on illegal and cheap substances
Kogi most expensive state how come?

jamalnation:
100% Disagree

Why? To say 100% shows that you're biased. But then, what are/is your reason(s) for disagreeing? Nigerians sef!

Rivers should be number 1 on the list. a zinc house per room here goes for nothing less than 70k

I have a question: Why is the Christian South always more expensive than the Muslim North?

I urge every Nigerian to read this little but powerful document that shows the way out of inflation and Naira free fall by empowering young Nigerians: The Shortest Cut To Raising The Value Of The Naira. I like it because it's very practical. It's not about big words and statistics. Even if you have never entered an economics class, you can see how it will work.

What about FCT?

LoveLeadsLand:
I have a question: Why is the Christian South always more expensive than the Muslim North?

income

Wetin Bauchi dey do for that list,
Because Bauchi state, Benue state and Adamawa state are one of the cheapest states to live in Nigeria,

where is Imo State and Delta state?
I totally disagree with this una list.

lol

So you are saying it’s cheaper than to live in Ibadan than in Lagos?

You must be high

Holly Gram Bross abeg no vex..


Since u don base all this place.

Which state u think say fit get cheap ASHAWO hotels apart from lagos ooo, because na lagos I de now..

The hotels way be say, der ASHAWO banis price no go pass 1k 500h or 2k.

I don already TOUR port harcourt ASHAWO hotels


LITE UP my WEED in peace


WTF MAN!

What about the Federal Capital Territory?

Kkk
Where is the cheapest place to carry olosho /one night stand?

Nigerian girls are sometimes better when it is pay as you knack.

They all still troop to the south west to work and live

Ebi mpawa people!

aysuprano:
lol

So you are saying it’s cheaper than to live in Ibadan than in Lagos?

You must be high

According to the list, Lagos is cheaper.

Damnnn niggar

This list is so funny and unrealistic

Where is Edo state

You can't live in Edo state anymore especially in Benin city
Things are too expensive

Westwood2580:
e shock me too cuz as a student in Benin things are extraordinary expensive compare when I was in Lagos.. Edo state should be in top 5 or else is a a fake list 😅😂

I blame nairaland mods for always throwing anything on front page

They don't do investigations

Unrealistic rating

I'm from Akwa ibom.
AKWA IBOM is only big on paper and on the internet.
Nothing is working here, apart from worship centers, big hotels, beautiful stadiums and 10 lanes roads. human capital development here is zero, unemployment is very high, and the government is doing nothing about it.
But you will see ignorant Akwa ibomites bragging about having the best worship centers, stadiums and hotel in Nigeria.
You can quote me and insult me, but I must let people know this bitter truth.

Noted

That Kogi own na greediness cause am, always inflating prices at Will..

Your own conclusion na,not everyone's own

Incredible

Them swear for lokoja ni Food has always been expensive in that town. Very hot and unstable politically

Chasito:
Wetin Bauchi dey do for that list,
Because Bauchi state, Benue state and Adamawa state are one of the cheapest states to live in Nigeria,

where is Imo State and Delta state?
I totally disagree with this una list.

I was going to ask about Imo state, you see that state is damn too expensive .

Nonsense

LoveLeadsLand:
I have a question: Why is the Christian South always more expensive than the Muslim North?

1. On average, there's more money chasing after goods in the South thus keeping prices up.

2. Southerners have a higher profit expectation. The average hausa person is happy to sell things for a 10% profit. In the South, you need a profit of 20% or above to survive because most things are more expensive here.

3. As for food, Northerners take to farming more readily, hence food is cheaper there.

Sadly, the average Southern youth is not interested in farming. He would rather be wearing tight jeans up and down, displaying unnecessary anger and rudeness on social media, blaming government for everything under the sun and demanding that govt subsidise every aspect of his life, making references to 'in the abroad' or 'in a sane climate' despite never stepping foot outside Nigeria, and generally deluding himself about his place in society and the world.

There you go.

Now I expect abuse from the usual suspects.

BigBlackPreek:
Rivers should be number 1 on the list. a zinc house per room here goes for nothing less than 70k

1. Greed - want to make excessive profits - they call it blessings of God.
2. Laziness - they want to do less but earn more. Passion for expensive lifestyle driven economy.
3. High demand- Certain goods and servies are on high demand
4. Unhealthy rivalry
5. Wickedness

Agricultural states are not on the list. The whole of the core north is missing. No one will complain if food is available.

If you love yourself, go buy a piece of land now, fence it, and install a borehole there. The days you will be forced to practise farming you are running away from is close by.

Trash list.

BigBlackPreek:
Rivers should be number 1 on the list. a zinc house per room here goes for nothing less than 70k

In Lagos it is #100-#120k