What would a basic income cost in Nigeria?
Pick a country, who gets it and how much a month. Everything is calculated on this device; nothing is sent anywhere.
Total cost per year
82.7 trillion Nigerian nairas
about 54.4 billion US dollars
238 million people × 29,000 Nigerian nairas a month × 12 months
Compared with
- GDP (nominal) (2025)18.7%
Nigeria in numbers
Nigeria has a population of 238 million (2025) and a GDP of 442 trillion Nigerian nairas (about 291 billion US dollars) in 2025.
Paying everyone 29,000 Nigerian nairas a month would cost 82.7 trillion Nigerian nairas a year (about 54.4 billion US dollars), or 18.7% of GDP. The World Bank has no recent central government expense or tax figures for Nigeria, so only GDP is compared.
Children only (under 18: 113 million) would cost 39.3 trillion Nigerian nairas a year (8.9% of GDP); adults only (18 and over: 125 million), 43.4 trillion Nigerian nairas (9.8%).
Default amount: 29,000 Nigerian nairas a month is the World Bank's international poverty line of $3.00 a day (2021 PPP), converted into Nigerian nairas with the World Bank's PPP conversion factor for household consumption (2025) and rounded to two significant figures. It is a reference point, not a policy proposal; change it above.
How to read this
This is the gross cost: the total paid out. The real net cost depends on which taxes fund it, which benefits or tax breaks it replaces and whether the payment is taxed. The population, budget and GDP figures are not all from the same year (see the sources).
Sources for the figures
- Population
- World Bank: population, total (SP.POP.TOTL), and population by single year of age 0 to 17 (SP.POP.AG00.FE.IN … SP.POP.AG17.MA.IN), 2025
- SP.POP.AG00.FE.IN … SP.POP.AG17.MA.IN
- Default amount
- World Bank: international poverty line of $3.00 a day (2021 PPP), June 2025 update
- World Bank: PPP conversion factor, household final consumption (PA.NUS.PRVT.PP), 2025
- Retrieved from the World Bank API on November 9, 2026 (CC BY 4.0). Government figures are central government, as a share of GDP in their own year, applied to the latest GDP.