Being Nigeria’s most populated city, cost of living in the commercial hub has been believed to be high.However, a Nigerian Finance expert with the username @Thesasquatch_ on twitter has alleged that a monthly imcome of N300K might just be enough to live comfortably in Lagos.
In his words; “Frankly you don’t need more than 300k/ month to live comfortably in Lagos sha assuming you have 0 dependents. Hardly spend more than 250k on myself except on months where
@KelEkeledo & @Olukunle_S drag me to SIP or Velvett.
“The balance is distributed to family & my women and dumped into investments. Proceeds from Investments is used to splurge on expensive stuff and make provisions for rent. My life is simple.
“You don’t need more than 300k a month to live comfortably =/= you don’t need to earn more than 300k a month. My point is 300k is adequate to cater for your recurring expenses in a month assuming you have 0 dependents and live in Lagos.