The cost of living is the amount of money you need to cover basic expenses like housing, food, transportation, healthcare, and taxes to maintain a certain standard of living in a particular place at a particular time.

It estimates how expensive it is to live in a particular location. Cities with a high cost of living tend to have higher prices for housing, food, and other necessities.

This can be due to factors like supply and demand, wages, and taxes.

Here are the top 20 African countries with the cheapest cost of living according to Numbeo:

1. Nigeria – 19.6

With a cost of living index of 19.6, Nigeria ranks number 1 place with the cheapest cost of living in Africa.

Meanwhile, the country’s currency in May has ranked as thw worst performing currency in the world after it depreciated by as much as 26.8 per cent compared to previous month.

Nigeria’s headline consumer inflation accelerated to a new 28-year high in April, hitting 33.69% year-on-year, up from 33.20% in March.