LAGOS MOST EXPENSIVE SLUM IN THE WORLD/ MOST EXPENSIVE CITY IN AFRICA

Lagos and Abuja was recently ranked among the top four cities in Africa with the highest cost of living this was released by the the Economist Intelligence Unit (EIU).

I was shocked to find out that Abuja is the second most expensive city in Africa with a total expenditure score of 107.4.Lagos comes fourth with 100.8 total expenditure. Ranking first on the list as Africa’s most expensive city is Luanda in Angola with a score of 131.8, while Addis Ababa came last with a score of 60.8.(Lagos Nigeria was once called the most expensive slum in the world- lands are over priced without common basic amenities)

In other rankings, Abuja emerged as the 12th city in terms of consumption of alcoholic beverages, tobacco and narcotics, while Lagos took the 21st position among the 25 cities surveyed.

In terms of money spent on transportation,(guys we are talking of billions spent each day that’s mad money) Lagos and Abuja emerged 15th and 22nd out of the 25 cities, scoring 107.5 and 91.7, respectively. Top on this list is Abidjan with 172.0 score spent on transportation, while Alexandra in Egypt came last with a score of 71.7.

This infor is from the EIU Intelligence reports on the liveability”, and  cost of living, of the world’s major cities, which receive wide coverage in international news sources. Here are some of the back street (slum) pictures of area in Lagos. Be Sociable, Share!

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About udeozochibuzo

ENTREPRENEURSHIP, INFORMATION, NEWS-POLITIC, BUSINESS
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3 Responses to LAGOS MOST EXPENSIVE SLUM IN THE WORLD/ MOST EXPENSIVE CITY IN AFRICA

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