💸 Budget Breakdown: How Nigerians Spend ₦100,000 Monthly

Surviving on ₦100,000 a month in today’s Nigeria is no easy feat. With rising inflation, transport fares, and food prices, this amount barely covers basic living expenses—especially in urban centers. Yet, for many students, small business owners, and entry-level workers, ₦100k is all they earn.

Here’s a common breakdown of how Nigerians make it work:

🏠 Rent – ₦25,000
In less expensive cities like Ibadan or Enugu, this might get a self-contained flat or shared room. In Lagos or Abuja, it might only cover a single room or a portion of yearly rent split monthly.

🍽️ Feeding – ₦30,000
Home-cooked meals are the norm. Staples like rice, garri, yam, beans, and oil dominate shopping lists. Meat and fish are used sparingly. Eating out is rare and often unaffordable.

🚌 Transport – ₦10,000
With fuel costs high, a ₦500 daily commute quickly adds up. Many walk or share rides to cut costs.

📱 Data & Airtime – ₦6,000
From banking to job hunting, data is essential. People rely on small bundles, midnight plans, or Wi-Fi hotspots to manage costs.

💡 Utilities – ₦5,000
Unreliable power means spending on both NEPA and generator fuel. Water and sanitation costs are squeezed into this amount too.

🔧 Miscellaneous – ₦10,000
For emergencies, small treats, church offerings, and family support. This buffer often runs out fast.

Is ₦100,000 Enough?
Not really. It barely covers basic needs, with little room for savings or growth. Still, many make it work—with discipline, side gigs, and strong support systems.

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