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Chad, Lagos leads Africa in 2021 world most expensive cities

Lagos, Nigeria

Nigeria’s commercial hub, Lagos, is the second most expensive city in West Africa according to the latest ranking report.

Lagos, a city of about twenty two million people, is ranked number 19 on the 2021 cost-of-living survey by consultancy firm Mercer.

The West African city is the largest and most populous city in Nigeria.

The annual report ranked 209 cities based on the cost of expenses like housing, transport and food.

The capital of Turkmenistan in Central Asia, Ashgabat, is ranked as the world’s most expensive city for foreign workers on the list.

Ashgabat overtook Chinese city, Hong Kong which was last year’s priciest city.

Hong Kong, is now ranked second, followed by Beirut in Lebanon and Tokyo in Japan.

Mercer said they evaluated more than 200 goods and services for the report, which they designed to help companies and governments around the world determine how much they’re supposed to pay expatriate employees in each location.

Most of the cities in Mercer’s top 10 are business hubs where economic growth has led to increase in the price of housing and other costs of living.

Which other African cities are on the list?

Lagos which follows London on the list, is at number 19 out of 209 cities on the ranking.

Lagos is ahead of cities like Los Angeles, Dubai, Paris, Rome and others.

Chad’s capital N’Djamena is the most expensive city on the African continent as the West African city sits at number 13.

See where other African cities rank

  • 30 – Bangui, Central African Republic
  • 38 – Brazzaville, Congo
  • 49 – Yaoundé, Cameroon
  • 56 – Dakar, Senegal
  • 85 – Abuja, Nigeria
  • 87 – Accra, Ghana
  • 99 – Niamey, Niger
  • 113 – Cotonou, Benin
  • 114 – Casablanca, Morocco
  • 123 – Luanda, Angola
  • 126 – Bamako, Mali
  • 136 – Lome, Togo
  • 137 – Cairo, Egypt
  • 142 – Harare, Zimbabwe
  • 145 – Ouagadougou, Burkina Faso
  • 146 – Nairobi, Kenya
  • 167 – Dare es salaam, Tanzania
  • 171 – Kampala, Uganda
  • 175 – Kigali, Rwanda
  • 178 – Cape Town, South Africa
  • 179 – Maputo, Mozambique
  • 184 – Johannesburg, South Africa
  • 194 – Addis Ababa, Ethiopia
  • 200 – Banjul, Gambia
  • 204 – Windhoek, Namibia
  • 206 – Tunis, Tunisia
  • 208 – Lusaka, Zambia

Ismaeel

Statistician with interests in finance, risk management, loan products and market surveys. I also write on crypto currencies, Forex and a variety of financial instruments.

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