Historical Prices in Lagos

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Year	Meal, Inexpensive Restaurant	Meal for 2 People, Mid-range Restaurant, Three-course	McMeal at McDonalds (or Equivalent Combo Meal)
2023	2.81	41.71	7.43
2022	4.28	51.14	6.98
2021	3.52	34.31	7.15
2020	2.35	41.98	5.20
2019	2.27	37.70	6.88
2018	2.58	36.14	5.56
2017	2.44	29.42	7.21
2016	2.59	39.82	8.02
2015	4.01	48.15	6.28
2014	7.15	63.97	11.88
2013	8.12	44.27	9.46
2012	18.71	64.70	11.68

Year	Domestic Beer (0.5 liter draught)	Imported Beer (0.33 liter bottle)	Coke/Pepsi (0.33 liter bottle)	Water (0.33 liter bottle)	Cappuccino (regular)
2023	0.72	1.48	0.33	0.21	2.14
2022	1.35	2.01	0.44	0.29	3.64
2021	1.09	1.40	0.37	0.25	2.98
2020	0.79	1.07	0.34	0.21	2.10
2019	1.14	1.54	0.34	0.20	3.31
2018	1.33	1.60	0.42	0.26	-
2017	1.07	1.69	0.42	0.23	3.39
2016	1.34	2.20	0.49	0.31	3.77
2015	1.95	2.30	0.58	0.41	3.52
2014	1.51	3.30	0.69	0.51	4.20
2013	1.83	3.32	0.67	0.54	2.98
2012	2.32	4.38	1.07	0.98	5.03

Year	Milk (regular), (1 liter)	Loaf of Fresh White Bread (500g)	Eggs (regular) (12)	Water (1.5 liter bottle)	Domestic Beer (0.5 liter bottle)	Imported Beer (0.33 liter bottle)
2023	2.47	1.57	2.23	0.50	0.80	1.13
2022	4.20	1.73	2.32	0.59	1.20	1.83
2021	3.78	1.22	1.88	0.61	0.91	1.48
2020	2.95	1.09	1.39	0.39	0.79	1.21
2019	2.93	1.08	1.56	0.60	-	-
2018	-	0.97	1.75	0.70	0.97	-
2017	2.70	1.06	2.07	0.52	-	-
2016	3.64	1.53	2.49	0.71	1.35	2.22
2015	2.32	1.32	2.64	0.75	1.24	1.90
2014	2.71	1.79	2.25	1.18	1.84	3.14
2013	2.48	1.57	2.44	0.77	1.48	1.83
2012	2.91	2.19	3.66	1.16	1.67	5.73

Year	Apples (1kg)	Oranges (1kg)	Potato (1kg)	Lettuce (1 head)	Rice (white), (1kg)	Tomato (1kg)	Banana (1kg)	Onion (1kg)
2023	4.12	2.32	2.43	-	1.99	2.80	2.39	2.02
2022	3.84	2.62	3.98	1.70	3.11	3.24	2.75	1.72
2021	2.98	1.61	2.60	1.24	3.02	2.60	1.95	2.09
2020	2.99	1.37	1.92	1.02	2.28	2.83	1.65	1.50
2019	3.30	-	1.63	-	2.59	1.71	-	1.04
2018	-	-	-	-	4.17	-	-	-
2017	2.82	-	-	-	4.05	-	-	-
2016	3.89	2.46	2.15	1.59	3.14	2.91	2.60	1.88
2015	-	-	-	-	-	-	-	-
2014	2.70	-	-	-	4.01	3.97	-	-
2013	4.95	2.12	2.88	1.01	2.74	2.44	-	-
2012	7.06	2.55	2.90	2.51	6.89	-	-	-

Year	Local Cheese (1kg)	Bottle of Wine (Mid-Range)	Cigarettes 20 Pack (Marlboro)	Chicken Fillets (1kg)	Beef Round (1kg) (or Equivalent Back Leg Red Meat)
2023	-	7.44	1.18	4.92	4.53
2022	3.73	8.48	1.84	6.72	7.73
2021	5.93	5.09	0.93	4.84	4.45
2020	5.47	5.19	1.03	4.57	4.81
2019	-	8.06	-	4.44	-
2018	-	8.13	1.98	3.96	4.73
2017	-	8.35	0.87	4.96	4.85
2016	17.59	6.97	1.07	6.45	7.29
2015	-	10.89	-	7.87	-
2014	-	-	-	-	-
2013	15.90	8.56	1.34	7.06	-
2012	28.00	17.48	2.82	15.48	-

Year	Apartment (1 bedroom) in City Centre	Apartment (1 bedroom) Outside of Centre	Apartment (3 bedrooms) in City Centre	Apartment (3 bedrooms) Outside of Centre
2023	1113.35	600.93	2260.10	1507.52
2022	1013.81	611.51	1963.01	1536.15
2021	1110.98	507.97	2889.89	1120.02
2020	898.14	690.29	2800.14	1782.56
2019	745.75	394.05	2319.83	1028.46
2018	875.39	468.79	2083.29	1239.10
2017	777.41	378.10	1007.10	544.63
2016	918.97	295.40	2484.34	1168.46
2015	1179.06	113.04	1517.21	904.30
2014	1229.56	525.34	4306.45	1060.58
2013	510.27	124.02	1700.61	517.46
2012	1093.67	428.69	1975.04	1042.18

Year	Price per Square Meter to Buy Apartment in City Centre	Price per Square Meter to Buy Apartment Outside of Centre
2023	-	-
2022	-	-
2021	-	-
2020	-	-
2019	1040.51	-
2018	-	-
2017	-	-
2016	-	-
2015	-	-
2014	-	-
2013	2794.71	-
2012	3000.00	1500.00

Year	Average Monthly Net Salary (After Tax)
2023	175.67
2022	317.92
2021	246.69
2020	225.62
2019	262.57
2018	253.67
2017	274.58
2016	541.22
2015	703.80
2014	942.91
2013	708.41
2012	650.00

Year	One-way Ticket (Local Transport)	Gasoline (1 liter)
2023	0.68	0.74
2022	1.10	0.42
2021	0.83	0.40
2020	0.60	0.37
2019	0.57	0.41
2018	0.60	0.40
2017	0.70	0.46
2016	0.76	0.72
2015	1.11	0.46
2014	-	0.60
2013	0.88	0.62
2012	1.00	0.67

Year	Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
2023	-
2022	-
2021	17.50
2020	-
2019	16.33
2018	17.25
2017	21.75
2016	20.71
2015	18.77
2014	20.00
2013	20.67
2012	17.50

Year	Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	Mobile Phone Monthly Plan with Calls and 10GB+ Data
2023	39.65	35.02	10.19
2022	26.07	58.71	-
2021	28.26	57.33	-
2020	28.85	40.95	-
2019	29.03	47.34	-
2018	36.33	42.78	-
2017	-	67.42	-
2016	112.24	85.20	-
2015	323.25	72.01	-
2014	-	-	-
2013	140.99	79.12	-
2012	143.27	91.67	-

Year	Fitness Club, Monthly Fee for 1 Adult	Tennis Court Rent (1 Hour on Weekend)	Cinema, International Release, 1 Seat
2023	33.37	-	7.99
2022	43.63	-	8.11
2021	36.11	9.76	7.18
2020	46.82	11.63	6.12
2019	37.17	7.26	6.83
2018	36.05	11.49	5.62
2017	49.03	-	5.57
2016	93.18	31.83	8.17
2015	56.27	-	9.63
2014	-	-	9.18
2013	120.28	-	9.62
2012	131.38	10.00	10.91

Year	1 Pair of Jeans (Levis 501 Or Similar)	1 Summer Dress in a Chain Store (Zara, H&M, ...)	1 Pair of Nike Running Shoes (Mid-Range)	1 Pair of Men Leather Business Shoes
2023	-	-	-	-
2022	19.34	29.06	75.51	64.32
2021	19.90	24.77	65.95	68.50
2020	18.73	25.38	62.46	68.89
2019	20.52	24.50	54.34	63.10
2018	21.21	29.42	54.49	66.44
2017	36.04	41.34	83.22	79.51
2016	35.00	52.77	63.66	86.11
2015	33.61	31.40	56.94	57.77
2014	-	-	-	-
2013	79.08	78.58	76.98	103.49
2012	69.50	105.00	112.50	250.00

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