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Delta, 4 Other Cheapest States To Live In Nigeria

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Living in some parts of Nigeria is highly expensive, particularly in Lagos, Abuja, and Port Harcourt. However, some other states have a lower cost of living.

These states provide lower housing expenses, cheaper transit and cheaper food making them perfect for individuals or families trying to live a comfortable life without spending more.

Here are 5 Cheapest states to live in Nigeria

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Benue

Benue State is the cheapest state to live in Nigeria because of its relatively low cost of living when compared to other states. According to current data from the National Bureau of Statistics (NBS), this state’s inflation rate has been below average, making it a good option for those looking for affordability.

Also, Benue, often known as the “Food Basket of the Nation,” is a major producer of vegetables, rice, yams, and maize, all of which help keep local food prices low. The current food inflation rate is 36.4%, which is lower than the national average and because the state has an agrarian economy, prices for agricultural commodities and basic foods are cheap and consistent.

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Other necessities like housing, healthcare, and transportation are often less expensive in the state due to the lower all-item inflation rate of the state at 27.3%.

Delta

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This is the second cheapest state in Nigeria due to its low cost of living, with food inflation of 37.6% and total item inflation of 28.1% as of July 2024, both lower than the national average.

The rate at which food and other general goods prices are rising in Delta State is quite slow, making it a suitable alternative for those looking for affordability. Delta is close to agricultural regions and availability of locally produced commodities has helped to stabilize food costs.

Living in Delta is less expensive than in many other parts of Nigeria due to cheap housing and transportation costs.

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Borno

Despite the atrocities of the Boko Haram set in Borno State, it still ranked fourth on this list. The affordability of food in the state is a result of a strong agricultural background, which enables the residents to maintain a fair standard of living without incurring the same financial stress as those in more expensive locations.

READ ALSO: Why I’m Unmarried At 54 – Actress Bimbo Akintola

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Katsina

Katsina is an excellent choice for persons and families looking for more cheap living options in Nigeria, thanks to its lower costs of living and relative stability.

Katsina is the home town of former President Muhammadu Buhari who is also a cattle farmer.

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Taraba

Taraba’s food inflation rate was 39% in July 2024has a lower cost of living than, overall many of Nigeria’s other states. The inflation rate was 29.1%. Due to these numbers, Taraba is one of the country’s more budget-friendly states.

The state’s emphasis on agriculture has helped to keep food costs low even as inflation rises in the country.

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Taraba’s reduced overall cost of living makes it a better choice than many other locations for people trying to better control their living expenses.

Source: Vanguard

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Oil Prices Drop After Iran Reopens Strait Of Hormuz

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Global oil prices dropped sharply on Friday after Iran signalled that the Strait of Hormuz would remain open to commercial shipping during a temporary ceasefire in the Middle East.

Benchmark crude prices fell by more than 10 per cent, with West Texas Intermediate (WTI) slipping below $85 per barrel, while Brent crude declined to about $89 per barrel.

The decline follows comments by Iran’s Foreign Minister, Abbas Araghchi, who said commercial vessels would be allowed to transit the strait for the duration of a 10-day ceasefire involving Israel and Lebanon.

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The truce, which began on Thursday, is reported to include the Iran-backed group Hezbollah.

READ ALSO:Crude Oil Prices Jump As Fear Mounts On Fresh Domestic Petrol Hike In Nigeria

Oil prices had surged above $100 per barrel in recent weeks amid heightened tensions in the region, with WTI reaching nearly $113 per barrel earlier this month and Brent climbing above $119 in late March.

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Analysts say the reopening of the key shipping route has eased supply concerns in global energy markets.

Brian Therien, a senior investment strategist at Edward Jones, noted that oil futures are now trending lower, with projections suggesting prices could fall to the low $70 range by the end of the year. He added that a sustained drop in prices could help reduce inflationary pressures globally.

The Strait of Hormuz, which links the Persian Gulf to the Arabian Sea, is one of the world’s most critical oil transit routes, accounting for roughly one-fifth of global oil and liquefied natural gas shipments.

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READ ALSO:JUST IN: Trump Orders US Naval Blockade Of Strait Of Hormuz

Shipping through the passage had been disrupted during the conflict due to security concerns, including threats of attacks and the presence of naval mines.

An Iranian official told Reuters that vessels moving through the strait during the ceasefire would be required to use designated safe lanes approved by Iranian authorities, while military ships would not be permitted to pass.

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Despite the announcement, some shipping firms remain cautious. German carrier Hapag-Lloyd said it is still reviewing the situation before resuming operations in the area.

Meanwhile, Knut Arild Hareide of the Norwegian Shipowners’ Association welcomed the development but warned that uncertainties remain, particularly regarding maritime safety, operational guidelines, and the potential risks posed by unexploded sea mines.

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You Can’t Go To US With Good Feelings Since Trump Returned To Power – Sports Legend

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Germany legend, Oliver Kahn, has insisted that one cannot go to the United States with ‘good feelings’ since President Donald Trump returned to the Presidency.

Kahn stated this while speaking to Sky Sport Germany about the upcoming World Cup, which is to be held in the US, Mexico and Canada.

According to the former Bayern Munich goalkeeper, there are so many things happening in the US at the moment that are no longer compatible with ‘values’.

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READ ALSO:Trump Tired Of War In Iran – Shehu Sani

There are simply so many things happening in the USA right now that are no longer compatible with our understanding of values,” Kahn said.

One example was the war, but I don’t want to list everything Donald Trump has been doing there since he returned to the presidency.

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“You can’t go there with a good feeling at the moment.”

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Trump Bows To Pressure, Deletes Post Depicting Self As Jesus

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United States President, Donald Trump, has deleted a social media post that appeared to portray him as Jesus, following backlash and rising tensions with Pope Leo XIV over the Iran war.

The image, shared on Truth Social late Sunday, showed Trump as a Christ-like figure healing the sick, surrounded by American flags and eagles.

The post came shortly after the president criticised the pope for opposing the war with Iran.

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By Monday morning, the image had been removed from his account. A previous link to the post now leads to a notice stating the “content is no longer available.”

READ ALSO:JUST IN: Trump Orders US Naval Blockade Of Strait Of Hormuz

Speaking later at the White House, Trump denied the interpretation of the image and said he believed it depicted him differently.

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I did post it, and I thought it was me as a doctor, and had to do with the Red Cross,” he told reporters at the White House.

He dismissed claims that the image portrayed him as Jesus, blaming the media for the narrative.

“Only the fake news” could come up with the idea that it depicted him as Jesus.

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READ ALSO:I Have To Be Involved In Choosing Iran’s Next Leader – Trump

“I just heard about it, and I said, ‘How did they come up with that?’ It’s supposed to be me as a doctor making people better. And I do make people better,” he said.

The development comes amid an ongoing public disagreement between Trump and Pope Leo XIV over the Iran war.

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The pope said Monday he has “no fear of the Trump administration” and would continue to speak out, despite criticism from the president, who described his stance as “terrible for foreign policy.”

Leo, the first American pope, has intensified his criticism of the war in recent days, condemning Trump’s remarks about the Iranian people as “truly unacceptable.”

(CNN)

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