August 25, 2025
By Ayinde Adeleke
Two recent videos comparing the cost of living and purchasing power between Nigeria and Ghana have sparked conversations online, with findings showing Nigeria as one of the cheapest countries to live in Africa.
The analysis highlights that despite economic challenges such as inflation and currency fluctuations, the cost of essential goods and services in Nigeria remains lower when compared to many African countries, including neighboring Ghana.
According to the videos, items like food, transportation, and housing are relatively more affordable in Nigeria, giving residents a higher purchasing power relative to cost of living. This positions Nigeria as an attractive option for low-cost living in the region, especially for those earning in foreign currency.
However, economists warn that affordability does not necessarily translate to prosperity, as Nigerians still grapple with limited income levels, unemployment, and infrastructure deficits. They argue that while the cost of living may be low, the challenge lies in improving wages and creating opportunities that match the country’s population size and economic potential.
The videos have since triggered debates on social media, with many Nigerians and Ghanaians weighing in on which country truly offers better value for money.
Video Credit: Tiktok/jpblaqofficial001
