Nigeria’s headline inflation rate rose slightly to 15.38% in March 2026, up from 15.06% in February, according to the latest data released by the National Bureau of Statistics (NBS).
The increase is marginal, but it still reflects continued price pressures across the country.
However, national averages often mask the real situation on the ground.
In practice, the cost of living differs significantly from one state to another, depending on factors such as security conditions, transportation costs, supply chain efficiency, agricultural output, and local market dynamics.
While some states are experiencing relatively stable or slower price increases, others continue to face stronger inflationary pressure.
March’s inflation figures also come against a backdrop of heightened global economic uncertainty, largely driven by geopolitical tensions:
- Ongoing tensions in the Middle East have contributed to higher global oil prices, adding to inflationary pressures worldwide.
- Instability around the Strait of Hormuz, a critical route for global oil transport, has increased fears of supply disruptions.
- Rising crude oil prices typically lead to higher fuel costs, which directly push up transportation and goods prices across economies.
- Historically, similar geopolitical shocks have triggered inflation spikes in emerging markets, including Nigeria.
Against this backdrop, state-level differences in price movements become even more important.
Based on state-level headline inflation data for March 2026, the following analysis identifies the Top 10 most affordable states to live in Nigeria, ranked by the lowest headline inflation rates, with supporting consideration of food inflation levels, which have the most direct impact on household spending.
Kaduna State recorded a further moderation in inflation in March 2026, with the headline rate declining to 10.2% from 13.5% in February. Food inflation followed the same trajectory, easing to 10.2% from 11.6%, suggesting a gradual stabilisation in the prices of essential goods.
In response to cost-of-living pressures, the state government under Uba Sani has rolled out a series of policy measures anchored on its 2026 “Budget of Transformation for Inclusive Development.”
The strategy combines agricultural expansion, fiscal discipline, and targeted social interventions to cushion households and sustain economic stability.
A key feature of the budget is its focus on agriculture and food security, which accounts for 11% of total spending. This builds on earlier investments aimed at boosting local food production, strengthening supply chains, and reducing dependence on external sources—factors critical to managing inflation.
Kaduna presents a relatively balanced economic environment, offering a blend of urban and rural advantages. Compared to many northern states, it benefits from stronger infrastructure, a growing industrial base, and the presence of key administrative institutions, all of which support employment opportunities.
At the same time, living costs remain relatively moderate, and the stability in both headline and food inflation provides households with greater predictability in managing expenses.
