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The cost of living in Nigeria is rising to previously unheard-of heights, posing significant challenges to the country's economy. The nation's inflation rate reached an almost all-time high of 31.7% in February 2024, according to the most recent National Bureau of Statistics (NBS) report, highlighting the intense economic pressures that are changing the cost of life nationwide. The impact of this inflationary pressure varies greatly throughout subnational regions, and it is not evenly spread. The top ten most costly states in Nigeria to reside in as of February 2024 are listed below: 10. Akwa Ibom When all things are taken into account, Akwa Ibom, which was the third most expensive state in Nigeria in January 2024, drops to the tenth slot on the list in February 2024. with an overall inflation rate of 33.94%, up from 33.16% in the previous month's data. Notably, the rate of food inflation increased to 41.44% in January 2024 from 39.96% in January 2024, indicating that th...
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