In 2026, you can expect to budget approximately ₦150,000 to ₦350,000 per year for a decent 2-bedroom apartment in Benin City, depending on the location and amenities. Prime areas like GRA might command higher rents.
Daily transport costs can range from ₦1,000 to ₦3,000, depending on your travel patterns. This includes using Keke NAPEP, danfos, or ride-sharing services. Budgeting an extra ₦5,000 - ₦10,000 monthly for occasional longer trips or emergencies is wise.
Utility bills, including electricity (NEPA/PHCN), water, and waste disposal, can fluctuate. For a typical household, budget between ₦15,000 to ₦40,000 monthly, with electricity being the most variable cost. Internet service typically adds another ₦10,000 to ₦25,000.
For a single person aiming for smart shopping as discussed in <a href="/blog/what-are-smart-ways-to-save-money-on-groceries-in-nigeria">smart ways to save money on groceries</a>, budget around ₦50,000 to ₦80,000 per month for food. This covers essentials, fresh produce, and some treats.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult a qualified financial professional before making major financial decisions.
Disclosure: This article is published by TrustAm, a financial services company. Some links in this article may direct to our own products.
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