Storytimes Newspapers

  The most common monthly expenses for Nigerians reflect the realities of high inflation, urban living costs, family obligations, and essential needs in 2025-2026. Recent reports, including Risevest’s Cost of Living Report 2025 (based on thousands of survey responses), highlight median household spending figures, while other sources like Business Insider Africa and surveys emphasize priorities amid economic pressures. Here are 10 key things Nigerians typically spend their money on each month, ranked roughly by prominence and average/median amounts where available (figures are medians or estimates in Naira and can vary by location, family size, and income): Food and Groceries The undisputed top expense, often consuming the largest share of budgets due to rising food prices. Households spend a median of around ₦104,118 monthly on groceries, daily meals, and occasional restaurant takeout. Rent/Housing A major fixed cost, especially in cities like Lagos. Median monthly equivalent (ofte...