Lagos, Nigeria
Nigeria
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This West African country, despite frequent terrorist attacks and corruption cases, is actually one of the cheapest countries in Africa. Rents are 86 per cent cheaper than in for instance New York and groceries are 64 per cent less.
It is also one of the countries that might be the best for taxes, according to the release.
Oil currently serves as the country’s main source of foreign exchange earnings and government revenues.
Following the 2008-09 global financial crises, the banking sector was effectively recapitalized and regulation enhanced. Nigeria’s economic growth has since then been driven by growth in agriculture, telecommunications, and services.
