The Nigerian State of Lagos is the ‘sixth least expensive city in the world’

The Nigerian State of Lagos has been ranked as the sixth cheapest city in the world to live in, according to the Economist Intelligence Unit survey. 

The survey compares more than 400 individual prices across 160 products and services. These include food, drink, clothing, household supplies, and personal care items, home rents, transport, utility bills, private schools, domestic help, and recreational costs

The report said it has some correlation with its sister ranking, the global liveability survey and thereby confirmed Lagos as being less liveable.

Using New York as its standard, Lagos ranked sixth on the list of ten cheapest cities in the world alongside Karachi the capital and most populous city in Pakistan.

According to the report, Karachi in Pakistan, Tashkent in Uzbekistan, Almaty in Kazakhstan and Lagos in Nigeria have faced well-documented economic, political, security and infrastructural challenges.

Caracas, Damascus, Tashkent, Almaty, and Bangalore ranked one to five respectively