Soaring Costs of Living: Top 10 Nigerian States Battling Worst Inflation in 2024

Nigeria’s economic climate is currently facing unprecedented challenges, with soaring costs of living reaching levels never seen before.

The latest data from the National Bureau of Statistics (NBS) paints a grim picture, with the nation’s inflation rate hitting an almost all-time high of 31.7% in February 2024.

This article delves into the specifics, highlighting the top 10 most expensive states in Nigeria for the same period.

1. Akwa Ibom:

• All-Items Inflation Rate: 33.94%
• Food Inflation Rate: 41.44%

2. Ondo:

• All-Items Inflation Rate: 33.96%
• Food Inflation Rate: 41.42%

3. Abia:

• All-Items Inflation Rate: 34.33%
• Food Inflation Rate: 41.04%

4. Ebonyi:

• All-Items Inflation Rate: 34.28%
• Food Inflation Rate: 41.63%

5. Osun:

• All-Items Inflation Rate: 34.39%
• Food Inflation Rate: 41.88%

6. Rivers:

• All-Items Inflation Rate: 35.42%
• Food Inflation Rate: 44.34%

7. Kwara:

• All-Items Inflation Rate: 35.50%
• Food Inflation Rate: 43.05%

8. Bauchi:

• All-Items Inflation Rate: 35.62%
• Food Inflation Rate: 31.46%

9. Oyo:

• All-Items Inflation Rate: 36.60%
• Food Inflation Rate: 40.30%

10. Kogi:

• All-Items Inflation Rate: 37.98%
• Food Inflation Rate: 46.32%