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Nigeria is facing big economic problems because the cost of living has gone up a lot. The inflation rate, which shows how prices are going up, is now at 28.92%, the highest in 21 years. This increase in prices is not the same everywhere in the country; different areas are feeling it differently.
A recent report from the National Bureau of Statistics (NBS) explains why prices are going up. One major reason is that the cost of food is going higher, and this is made worse by security problems in places where food is grown. Transportation costs are also going up, along with other reasons.
Looking at the NBS’s data from December 2023, it shows the top 10 states in Nigeria where the cost of living is highest. This information is important to understand how people in different parts of the country are dealing with economic pressures.
1. Kogi State
In December 2023, Kogi maintained its position as the most expensive state in Nigeria. The all-items inflation rate in Kogi rose to 35.6%, up from 33.3% in November of the same year. The food inflation rate also saw a notable increase, reaching 44.7%, compared to the previous month’s 41.3%. This highlights the substantial impact of rising food prices on the overall inflation in Kogi. Essentially, the cost of living in Kogi increased significantly during this period, with food prices being a major contributing factor to the overall inflation rate.
2. Lagos State
In December 2023, Lagos is the second most expensive state in Nigeria for the second time in a row. The all-items inflation rate in Lagos is 32.3%, which is the same as the previous month.
Also, the food inflation rate in Lagos is 39.3%, a bit higher than November’s rate of 39.2%. This means that prices for things we buy every day, especially food, are still going up in Lagos, making it more expensive to live there.
3. Rivers State
Staying in the third position is Rivers State, and it tells us that the cost of living there is still high. In December 2023, Rivers State had an all-items inflation rate of 32.1%, which is a little lower than the previous month’s rate of 32.2%.
What’s interesting is that the food inflation rate in Rivers State went down to 38.6%, compared to 40.2% in November. This means that while overall prices in the state are still going up, the cost of food specifically has increased a bit less compared to the previous month.
 4. Bayelsa State
Bayelsa State is also part of the list, showing that living there has become more expensive. In December 2023, the all-items inflation rate in Bayelsa State was 32.0%, which is higher than the rate of 29.2% in November of the same year.
The food inflation rate in Bayelsa State went up to 38.4%, a significant increase from November’s rate of 35.0%. This suggests that the cost of living, especially when it comes to buying food, is on the rise in Bayelsa State, making it more expensive for people who live there.
5. Bauchi State
Bauchi is in the 5th position on the list, telling us that living there has become more expensive. In December 2023, the overall inflation rate in Bauchi was 31.6%, which is higher than the rate of 30.3% in the previous month.
However, the food inflation rate in Bauchi is a bit lower at 27.5%, although it increased slightly from November’s rate of 26.1%. This could mean that while overall prices are going up, the cost of food specifically may not be the main reason for the increase in inflation in Bauchi.
6. Abia State
Abia is on the list, ranking 6th and showing that the cost of living there has gone up. In December 2023, the overall inflation rate in Abia was 31.3%, which is higher than the rate of 29.3% in November.
The food inflation rate in Abia increased as well, going from 35.0% in November to 37.2%. This means that not only are prices for things we buy every day going up in general, but the cost of food specifically has also increased in Abia, making it more expensive for people who live there.
 7. Oyo State
Oyo State is in the 7th position, and it means living there has become more expensive. In December 2023, the overall inflation rate in Oyo State was 31.3%, a bit higher than the rate of 31.4% in November.
The food inflation rate in Oyo State also went up to 34.3%, compared to the 33.3% recorded in November. This shows that the prices for things we eat every day have increased in Oyo State, playing a big part in the overall increase in living costs.
 8. Ogun State
Ogun is now in the 8th position, showing that living there has become more expensive. In December 2023, the overall inflation rate in Ogun was 31.3%, which is higher than the rate of 30.2% in November.
The food inflation rate in Ogun also increased significantly, going from 35.5% in November to 38.6%. This emphasizes that the prices for food, like what we eat every day, played a big role in the overall increase in living costs in Ogun State.
 9. Akwa Ibom State
Similar to Ebonyi, Akwa Ibom has a cost of living increase. In December 2023, the overall inflation rate in Akwa Ibom was 31.1%, a bit higher than the rate of 30.7% in November.
Additionally, the food inflation rate in Akwa Ibom is at 37.4%, showing a small increase from 37.2% in November. Interestingly, even though Akwa Ibom and Ebonyi have similar overall inflation rates, food is more expensive in Akwa Ibom, meaning the prices for things we eat every day have gone up more in Akwa Ibom compared to Ebonyi.
10. Ebonyi State
Ebonyi is in the 10th position on the list, telling us that living there has become a bit more expensive. In December 2023, the overall inflation rate in Ebonyi was 31.1%, a bit higher than the rate of 28.7% in November.
What’s important to note is that the food inflation rate in Ebonyi went up significantly to 35.74%, compared to 34.2% in November. This means that the prices for things we eat every day, especially food items, have increased notably in Ebonyi, contributing to the overall rise in living costs.
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