Saturday, 16 March 2013

Lagos State and Abuja has been ranked as top 4 'Most Expensive' cities in Africa

A recent ranking released by the the Economist Intelligence Unit (EIU), a sister company of The Economist magazine on 25 African cities has placed Lagos and Abuja among the top 4 cities in Africa with the highest cost of living.

There were a lot of things used as measurement for the rank such as: cost of living, money spent on transportation, consumption of alcoholic beverages, tobacco & narcotics. Also, the key results of the cost of living rankings per city reveals 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.

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