The decision to relocate from Nigeria to another country can be an exciting and transformative journey. It doesn’t matter if you’re seeking an improved standard of living, new career opportunities, or a new culture. The decision to relocate overseas is not without its challenges. One of the most significant elements to consider when selecting the right destination for you is the cost of living.
Nigeria is a nation with a vast population and diverse economic prospects, but it faces issues related to rising price inflation, fluctuating naira values, and various other financial challenges. For Nigerians planning to relocate to a more affordable location, finding a suitable place to live is crucial for a smooth transition and comfortable settling in. If you’re one of those contemplating a move but worried about the cost, then you’re in the right spot.
In this blog article, we’ll discuss the seven countries that are the most affordable for people to move to after leaving Nigeria. They offer an affordable cost of living and numerous opportunities for Nigerians to thrive. When you’re searching for a budget-friendly country for homes, a low price for groceries, or generally lower costs, this article will help you make a well-informed choice.
Why Should You Consider Relocating From Nigeria?
Before we delve into the details, it is essential to understand the reasons why many Nigerians choose to migrate to other countries. A few common reasons are:
- Stability in the economy. Amid a constantly fluctuating Nigerian Naira, many people are seeking financial stability through more stable economic systems.
- Life quality: Nigerians sometimes relocate for better healthcare, education systems, or general living conditions.
- Employment opportunities are numerous, and Many Nigerians relocate abroad to pursue greater career possibilities and higher salaries.
- Security concerns, crime, or other environmental issues can lead individuals to seek safer places.
- Experiences in culture. Specific individuals are driven to learn about diverse cultures and broaden their worldviews.
Understanding these motives will provide insight into the reasons why low-cost destinations are sought after by Nigerians looking to relocate.
Key Factors to Consider When Choosing a Country to Relocate to
In deciding on the country you want to live in, there are some essential factors to take into consideration, along with the price of living.
1. Visa and Immigration Policies
Certain countries have Visa requirements for foreigners. Ensure you research and verify that the nation you’re considering visiting allows Nigerians to obtain the required visas or permits to work, live, or pursue higher education. Countries with more open immigration processes tend to be more welcoming of immigrants.
2. Job Market
The country’s employment market has a significant impact on the likelihood of your decision to move there being successful. Consider destinations with openings in your industry or industries actively recruiting. It is essential to ensure that you have a steady income to support your lifestyle in a foreign country.
3. Healthcare and Education
It is crucial to think about the education and healthcare systems of the country you’re planning to move to, especially in the case of children. A high-quality healthcare system and an accessible educational system are essential for the long-term security and comfort of your family.
4. Cultural Similarities
Cultural compatibility is crucial for ensuring a smooth transition. Countries with vibrant Nigerian and African communities can offer a sense of familiarity and ease of mind, making the transition process easier.
After we’ve identified the main elements, let’s examine the most affordable countries in which Nigerians could consider relocating.
1. Mexico
Why Mexico is Affordable for Nigerians
Mexico is becoming a popular travel destination for individuals from around the world. It’s evident the reason. Mexico has a significantly lower cost of living compared to Nigeria. Its varied landscape and thriving expat communities, as well as relatively inexpensive cities, make it an excellent choice.
Cost of Living in Mexico
- Housing. The cost of renting in Mexico is usually less expensive than in Nigeria, especially in towns located outside Mexico City, such as Guadalajara and Mérida.
- Food. The prices for grocery items in Mexico are reasonably low, including fresh fruits and vegetables, as well as local products. Eating out is also very reasonable.
- Healthcare: Mexico has a solid healthcare system, offering options for both public and private healthcare. The cost of healthcare is lower than in other Western countries, making Mexico a more affordable choice for foreigners.
Example: The City of Merida
Merida is among Mexico’s cheapest cities. Famous for its colonial-style architecture and vibrant cultural scene, Merida offers low rent rates and a relaxed way of living. Living costs in Mérida are approximately 60% lower than in Mexico City, making it an ideal choice for those seeking to save money.
2. Vietnam
Why Vietnam is Great for Budget-Conscious Nigerians
Vietnam is among the most cost-effective locations in Asia, offering a high quality of life at lower costs compared to other places. Whether you want to retire, start a business, or travel abroad for work, Vietnam offers affordable prices on accommodation, food, and other living expenses.
Cost of Living in Vietnam
- Accommodation in Vietnam is very reasonable, even within major cities such as Hanoi and Ho Chi Minh City. Apartments are available in comfortable locations with prices that are half of those in Nigeria.
- Food: Street eating in Vietnam is both delicious and inexpensive. Markets in the local area offer fresh food at reasonable prices. Moreover, eating in local restaurants is very affordable.
- Transportation: The public transportation system, as well as taxis, is very inexpensive, making it possible to travel around the city without incurring any costs.
Example: Ho Chi Minh City
Ho Chi Minh City, Vietnam’s most populous city, is a wonderful blend of opportunities and affordability. Living costs within Ho Chi Minh City are less than in Nigeria. The city has become a significant hub for international companies, making Ho Chi Minh City an excellent choice for those looking for employment opportunities.
3. Thailand
The reason Thailand attracted ex-pats from Nigeria
Thailand is an ideal destination for expats as its low cost is among the primary motives. It has world-class beaches, a diverse culture, and a busy tourism industry. Thailand provides a great combination of cost and lifestyle.
Cost of Living in Thailand
- Rent in Thailand is incredibly affordable, particularly in regions outside the capital. Cities such as Chiang Mai and Pattaya offer stunning living areas at reasonable costs.
- Food: Thailand is known for its delicious and cheap street food. It is possible to enjoy a delightful dinner for a modest cost, and groceries are reasonably priced.
- Healthcare in Thailand is generally affordable compared to Western nations. Indeed, Thailand is known for medical tourism. It is a popular destination for travelers from around the globe who require high-quality and low-cost treatment.
Example: Chiang Mai
Chiang Mai is one of the most affordable locations to reside in Thailand. Chiang Mai has become a popular destination for retirees and digital nomads due to its low cost of living, fantastic climate, and the rapidly growing number of expats residing there.
4. Philippines
Why the Philippines is a Good Option for Nigerians
The Philippines is an additional attractive, budget-friendly alternative for Nigerians looking to relocate. It is a beautiful country with stunning landscapes, as well as tropical weather and a low cost of living. Many Nigerians choose the Philippines due to its affordable healthcare system, high English proficiency, and friendly residents.
Cost of Living in the Philippines
- Housing. The cost of renting within the Philippines is reasonably priced, particularly in provinces like Davao and Iloilo. In Manila, the cost of living is significantly lower than in other countries.
- Food and drink prices in the Philippines are relatively low, making eating out at restaurants affordable. Many restaurants serve meals in local eateries and restaurants for just a couple of dollars.
- Utility Costs for utilities such as electricity and water are also less expensive in the Philippines when compared with Nigeria.
Example: Davao City
Davao City is often considered one of the top cities to reside in the Philippines due to its serene environment, affordable housing, and lower cost of living. Foreigners are drawn to Davao to find a perfect balance between ease and affordable prices.
5. Indonesia
Why Indonesia is Attractive for Nigerians
Indonesia is a vast and diverse nation with one of the lowest costs of living in Southeast Asia. If you’re looking for islands to enjoy the beach or for bustling cities, Indonesia is affordable all over. Cities such as Bali, Jakarta, and Yogyakarta are popular among foreigners due to their lower cost of living and potential for development.
Cost of Living in Indonesia
- Housing The cost of renting in Indonesia is typically low. In particular, the cost of leasing a home or an apartment in Bali is significantly less expensive than renting in several Western nations.
- Food: Indonesia is renowned for its delicious and affordable cuisine. Street food is cheap, and local markets offer a wide range of products at a great value.
- Entertainment and transportation expenses are also quite affordable, making the country a reasonable choice for people who want to live an active life.
Example: Bali
Bali, a famous island located in Indonesia, is renowned for its affordable living expenses, stunning surroundings, and growing number of expatriates. Bali is a great destination that offers a blend of reasonable and luxurious experiences.
6. Colombia
Why Colombia Offers Affordable Living for Nigerians
Colombia is becoming a sought-after destination for expats, particularly those coming from Latin America, Europe, and Africa. Colombia offers affordable accommodation in stunning cities. It is renowned for its pleasant climate, rich culture, and a growing expat population.
Cost of Living in Colombia
- Rent is substantially more affordable in Colombia than in Nigeria. Cities like Medellín offer affordable rental options, even in densely populated areas.
- Food: Colombian cuisine is excellent, and the groceries are reasonably priced. Restaurants in the local area are also affordable.
- Healthcare: Colombia’s healthcare system is highly rated, and medical services are more economical compared to those in the United States and Europe.
Example: Medellin
Medellín is often described as the “City of Eternal Spring” and is one of the most sought-after destinations for expats due to its mild climate, affordable cost of living, and thriving lifestyle.
7. Portugal
Why Portugal is an Attractive Option for Nigerians
Portugal is among the most affordable nations in Europe, offering an attractive combination of low living costs and a high standard of living. Portugal’s cost-effective housing, top healthcare facilities, and stunning scenery make it an excellent destination for Nigerians seeking to move.
Cost of Living in Portugal
- Housing: The cost of renting in Portugal is typically less expensive than in other Western European countries, especially in cities such as Porto and Lisbon.
- Food: Eating out and shopping in Portugal is relatively inexpensive compared to other countries, such as Spain and Italy.
- Health: Portugal has a public health system that is accessible to residents, with the majority of expats opting for affordable private insurance.
Example: Porto
Porto is a beautiful city that offers a more affordable living experience compared to Lisbon. Rent costs are lower, as is the slower pace of life, making it the ideal place to live for those seeking a tranquil lifestyle.
Conclusion: Finding Your Affordable New Home
The decision to move to a foreign nation is a significant step, but it is a major decision for Nigerians seeking affordable destinations. These options offer the perfect balance of affordable living costs and high standards of living. If you’re looking for the cultural richness of Mexico and the warm, tropical atmosphere of Indonesia and the European appeal of Portugal, there’s one country that can meet your financial and lifestyle needs.
When deciding on where to relocate, be sure to consider what you want from your move – whether it’s job prospects, healthcare, or how easy it is to get settled. The most important thing is to locate the right place where you will prosper while keeping your costs under control.
Are you prepared to make the next step on your move? Begin researching these countries and examining their visa policies to make an informed decision about building a better life for yourself.