World's Most expesnive citties: Abuja on list
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Admin on
15th August, 2009, 66 Views
I came across a post from businessweek about the world's most expensive cities 2009
I dont know where they got their findings from, or on what basis, but from what i see on the detailed list on each city, they base their judgement on
1. Price of a movie ticket
2. Price of a quick lunch/meal
3. Cost of a washine machine
4. Price of a kilogram of rice
5. Price of a can of soft drink.
I guess its just based on cost of living. They should have said WORLD'S MOST EXPENSIVE CITIES TO LIVE IN, because when i saw the post, i was thinking it would have something to do with accommodation, cost of acquiring a land, house or cost of renting.
On the list of, i wasn't startled to find Nigeria's Federal Capital Territory
Abuja. Last year was ranked No. 16 This year its ranked No. 18
Below are the infos they used in deciding.
Movie ticket: $10.37
Quick Lunch: $24.68
Washing Machine: $669.38
Kilo of rice: $7.79
Can of soft drink: $1.77
If i calculate the present CBN dollar rate against the naira, which i will put at N140 to $1. Then the prices of these commodities in naira are as follows.
Movie ticket: $10.37--------------N1,451.8
Quick Lunch: $24.68---------------N3,455.2
Washing Machine: $669.38----------N93,713.2
Kilo of rice: $7.79---------------N1,090.6
Can of soft drink: $1.77----------N247.8
Based on the above equivalent in Naira, the only thing i agree with on the list is the price of a movie ticket. Which is relatively high, because a movie ticket in abuja during the weekdays is N1,000.
The price of a quick lunch is ridiculous because for N1,500 you would have a wonderful meal in any of the fast foods or eatries around the city.
Washing machines can be bought for as low as N35,000 for manually operated ones and N65,000 for automatic, that comes with wash, rinse and dry.
A kilo of rice which is usually measured in a tin or can is about the same price as they have listed
A can of soft drink is about N150, so i highly disagree with their price.
This is a rough estimamte, and i stand to be corrected, but businessweek should let us know where they got their stats from, they should not scare away foreigners wanting to invest in our country, or Nigerians in diaspora, who would assume that the situtation over here is critical.
The world's most expensive city to live in, is from our own African soil, and that is Luanda in Angola with the below info:
Movie ticket (in US$): 16.85
Quick lunch (in US$): 57.92
Washing machine (in US$): 1090.47
Kilo (2.2 pounds) of rice (in US$): 5.65
Can of soft drink (in US$): 1.30
Other african countries on the list are as follows
No. 11 Libreville, Gabon
2008 rank: 7
Movie ticket: 5.79
Quick lunch: 26.05
Washing machine: 771.29
Kilo of rice: 6.59
Can of soft drink: 1.10
No. 16 Abidjan, Cote d'Ivoire
2008 rank: 14
Movie ticket: 5.79
Quick lunch: 21.23
Washing machine: 1051.89
Kilo of rice: 6.24
Can of soft drink: 0.86
No. 19 Kinshasa, Democratic Republic of the Congo
2008 rank: 12
Movie ticket: 0.00
Quick lunch: 21.84
Washing machine: 626.38
Kilo of rice: 5.08
Can of soft drink: 1.51
And the 30 most expensive cities to live in the world according to their stats are:
1 Luanda, Angola
2 Tokyo, Japan
3 Nagoya, Japan
4 Yokohama, Japan
5 Kobe, Japan
6 Copenhagen, Denmark
7 Oslo, Norway
8 Geneva, Switzerland
9 Zurich, Switzerland
10 Basel, Switzerland
11 Libreville, Gabon
12 Bern, Switzerland
13 Stavanger, Norway
14 Helsinki, Finland
15 Paris, France
16 Abidjan, Cote d'Ivoire
17 Manhattan, N.Y.
18 Abuja, Nigeria
19 Kinshasa, Democratic Republic of the Congo
20 Baku, Azerbaijan
21 Berlin, Germany
22 Vienna, Austria
23 Moscow, Russia
24 Tel Aviv, Israel
25 Honolulu, Hawaii
26 Beijing, China
27 Jerusalem, Israel
28 Shanghai, China
29 Hong Kong, China
30 Strasbourg, France
NB: The currency for the infos are in US Dollars ($)
About Author
This Post is based on The 30 most expensive cities in the world in 2009, and our nations Abuja happened to be on the list. This post is written by Taiwo Oluwafemi, CEO PNG Interactive Solutions
