Question: Is Food Expensive In Nigeria?

Is $100 a lot of money in Nigeria?

So yes, it is a lot but just enough depending on who has it.

Largely depends on who you ask.

$100 is around 36,000 Naira which is twice our current official minimum monthly wage.

To someone who earns minimum wage, which unfortunately is the bulk of the Nigerian populace, it is a lot of money..

What is a good salary in Nigeria?

A person working in Nigeria typically earns around 339,000 NGN per month. Salaries range from 85,700 NGN (lowest average) to 1,510,000 NGN (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

Is Nigeria a safe country?

There is a high level of crime throughout Nigeria, including armed robbery, kidnapping for ransom, home invasions, carjacking and violent assault. Criminal activity is high in urban areas, including the city of Lagos, as well as on the northern border with Niger and Chad.

How much does food cost in Nigeria?

Cost of Living Averages Table for NigeriaAverage Restaurant PricesMeal (Inexpensive Restaurant)$1.38Domestic Beer (0.5 Liter)$0.83Water (0.33 Liter)$0.24Average Market Prices23 more rows

How much is $100 US in Nigeria?

For one hundred dollars you get today 38,050 naira 37 kobo.

Where do the rich live in Nigeria?

Banana Island, is an area of Ikoyi, Lagos known for its wealthy, multi-cultural aura. This area has some of the most expensive real estates in Nigeria as it houses some of the most expensive houses in Nigeria. It has one of the highest density of millionaires within its boundaries.

Is Nigeria a good place to live?

Nigeria may be an increasingly popular destination for expats, but preparation for life in the West African country is key. First and foremost: be aware, but don’t be afraid. Nigeria’s reputation for terrorism, crime and internet fraud masks much of what makes it an amusing and interesting place to live.

Is Nigeria a dangerous country?

Country Summary: Violent crime – such as armed robbery, assault, carjacking, kidnapping, and rape – is common throughout the country. … There is maritime crime in the Gulf of Guinea. The U.S. government has limited ability to provide emergency services to U.S. citizens in many areas of Nigeria due to security conditions.

Is Nigeria expensive?

Cost of living in Nigeria is 57.13% lower than in United States (aggregate data for all cities, rent is not taken into account). Rent in Nigeria is, on average, 27.62% lower than in United States.

What can you buy with 1 dollar in Nigeria?

In Nigeria, a dollar when converted to local currency can buy you 2 liters of fuel or a well-made meat pie.

What can you buy with 1 million Naira in Nigeria?

Business I can start with 1 million naira in NigeriaOpening a small supermarket. … Opening a small restaurant. … Boutique business. … Phone and computer accessory business. … Bakery business. … Producing yoghurt and ice cream. … Poultry farming. … Fish farming.More items…•

How much is a lot of money in Nigeria?

With up to two-thirds of the population living on less than a dollar a day, Nigerians living in poverty rise , $200 is a lot of money for most Nigerians. Another way to look at this is in terms of the quantity of household items you could buy with such amount.

How much is a Big Mac in Nigeria?

The price of Combo meal in fast food restaurant (Big Mac Meal or similar) in Lagos is 2,397 ₦ This average is based on 9 price points.

What can 100 US dollars buy in Nigeria?

$100 is work 36,300 in Nigerian currency. With N36,300, you can get a nice pair of shoes, some good T-shirt, a month data subscription, and some good food for a day or 2 if you know how to manage.

Is $500 a lot of money in Nigeria?

500 dollars to nigerian naira according to the foreign exchange rate for today. You have just converted five hundred dollars to nigerian naira according to the recent foreign exchange rate 380.503727. For five hundred dollars you get today 190,251 naira 86 kobo.