Soaring Inflation Forces Nigeria to Bottom of 2026 Quality-of-Life Rankings

Nigeria’s inflation rate rose for the third consecutive month to 15.93 percent in May. Headline and food inflation climbed as prices for food, transportation, housing and energy continued to surge. Numbeo’s latest Quality of Life Index shows Nigeria ranking last globally alongside Sri Lanka and Bangladesh. Factors considered include purchasing power, healthcare quality, safety, cost of living, congestion and housing affordability. Experts warn that persistent inflation is deepening economic hardship. Godwin Oyedokun of Lead City University says households are cutting essential spending as fuel and food costs outpace income growth. The Centre for the Promotion of Private Enterprise links the trend to global energy shocks and urges policies to boost food security, infrastructure and mass transit.

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