Expert Info

Posted by
on 1 Oct 2020

I would like to plan my budget for relocating to Lagos. I am thinking of moving to Nigeria in the next few months but am considering my living expenses. How much do electricity, water and other utilities cost in Lagos? How much is rent and how often much rent must be paid up front when securing a lease agreement in Nigeria? What about the prices of groceries – where is the best place to find discounts and decent prices for quality food? Are transport options expensive in the city?

Anonymous (not verified) on 1 Oct 2020 - 08:55

Hi Smith, yes the cost of living in Lagos is high, in fact, Mercer's Cost of Living Survey rated it the 18th most expensive city out of 209 cities in 2020 to live in. Accommodation will likely be your largest expense, and contracts are typically on a two-year basis. Landlords often ask for a whole year of rent to be paid in advance, or at least several months. This may vary according to the landlord, and may be negotiable. However, if you already have a job lined up, particularly in a management role, employers typically contribute to accommodation expenses. It is worth discussing this with prospective employers.

Will you move with children? Do you need to consider school fees and related education expenses? Transport is relatively affordable, though you may want to consider the options available, such as hiring a personal driver, if an employing company does not offer this benefit. To help you start planning and give you an idea of numbers, please see our page on Cost of living in Lagos.

I hope this helps!

Expat Health Insurance

Cigna Health Insurance

Cigna Global Health Insurance.

Medical insurance specifically designed for expats. With Cigna, you won't have to rely on foreign public health care systems, which may not meet your needs. Cigna allows you to speak to a doctor on demand, for consultations or instant advice, wherever you are in the world. They also offer full cancer care across all levels of cover, and settle the cost of treatments directly with the provider.

Get a quote from Cigna Global – 10% off

Moving Internationally?

Sirelo logo

International Movers. Get Quotes. Compare Prices.

Sirelo has a network of more than 500 international removal companies that can move your furniture and possessions to your new home. By filling in a form, you’ll get up to 5 quotes from recommended movers. This service is free of charge and will help you select an international moving company that suits your needs and budget.

Get your free no-obligation quotes from select removal companies now!