An Introspective View Into The Cost Of Living In Nigeria And South Africa

Hello there guys, it's @joetunex and @josediccus here again. Today we talked about the cost of living in South Africa and Nigeria. We took a look at governance, government policies, and corruption as the major reason why the cost-inflation inflation in Nigeria is more chronic than the normal wave of inflation that's currently going on in the world.

We look at COVID-19 as the game changer, especially since inflation has been imminent in south Africa but took a major toll after the pandemic. In the video, we were quick to point out that, there weren't jobs for people to lose in Nigeria, unemployment was already imminent, and the major economic repercussions of COVID were the hoarding of goods, services, and products, and some major commodities became expensive, business owners ran into debt and of course, the Nigerian native currency lost a lot of its value.

In SA, it was different, people were offered less or had to lose their jobs, many were retrenched and the economic activities never remained the same.
In Nigeria, people had to deal with scarcity, the lack of opportunities increased and the lack of regulations from a conscious government sank the country. It was more evident in the GDP rate and the per Capita income of people.

In the video, we talk about survival in the sense of food, clothing, and shelter, as these are the basic things that are inevitable for survival. Interestingly, we discussed things from the average salary of a regular person in South Africa and Nigeria, the cost of owning or renting a house, and the most expensive and cheapest place to stay.
A R1.4million house in South Africa is N30,947,140 in Nigeria.

We talked about regions from Cape Town, and Johannesburg to Abuja and Lagos, and the amount of money one would need to maintain a flamboyant or modest lifestyle. At the end of the day, we ended up seeing similarities and huge differences between these two countries that could be helpful to anyone who would find the information we provided to be very relevant.
This content is relatively advantageous to anyone curious about an opinionated view of having the experience of living in these two countries respectively. Till some other time, cheers.