Nigeria’s headline inflation rate eased slightly to 15.06% in February 2026, down from 15.10% in January 2026, according to the latest data released by the National Bureau of Statistics (NBS).
Although the decline is marginal, it signals a modest stabilization in overall price pressures across the country.
However, national averages do not fully reflect the reality experienced by households.
Cost-of-living conditions vary significantly from state to state due to differences in security situations, supply chains, transportation costs, agricultural output, and market dynamics. In some states, inflationary pressures remain elevated, while others are experiencing relatively lower price increases.
Based on state-level headline inflation data for February 2026, the following are the Top 10 most affordable states to live in, ranked by the lowest headline inflation rates and supported by food inflation figures, which directly impact household spending.
Imo records one of the lowest headline inflation rates nationwide at 11.66%. Its food inflation rate of 7.6% further strengthens its standing as one of the most cost-stable states during the review period.
To combat inflation and stimulate the economy in 2026, Imo State Governor Hope Uzodimma has implemented a “Budget of Economic Breakthrough” aimed at increasing local productivity, enhancing infrastructure, and raising purchasing power. The N1.44 trillion 2026 budget, signed in January 2026, prioritizes capital projects (83.4%) over recurrent spending to drive down costs of goods and create jobs.
The 2026 budget allocates substantial funds to agriculture to increase food production by 25% and reduce post-harvest losses by 30% through agro-processing clusters.
The government is focusing on ending a “generator-based power economy” by commissioning the Orashi Electricity Company and supporting the Orashi Energy Free Trade Zone to lower energy costs for businesses.
