Wise Logo
Wise (formerly TransferWise) is a trusted money transfer service used by millions of digital nomads worldwide.

Send money abroad cheaper than banks.

Affiliate disclosure

Ibadan, Nigeria 🇳🇬
#260 ,

Nomad Score: 53%

Essentials

🏙️ City Ibadan is the capital city of Oyo State in Nigeria, known for its educational institutions, cultural heritage, and vibrant markets.
👥 Population Approximate population of Ibadan is around 3 million.
💻 Internet Speed Average internet speed is approximately 30 Mbps.
💸 Currency & Banking Naira (NGN). Current exchange rates are approximately 1 USD ≈ 470 NGN.
🚰 Tap Water Not drinkable; bottled water is recommended.
🔌 Power Electricity supply can be unpredictable; 240V, 50Hz, 🔌 Type D/G sockets.
📶 SIM Card Major providers include MTN, Glo, and Airtel.
💳 Banking for Expats International cards accepted at major banks; options include First Bank, UBA, and Zenith Bank.
🛌 Accommodation Options include local guest houses, hotels, and Airbnb listings.
💳 Cashless Friendly Limited, but mobile payments through apps like Paga and bank transfers are moving forward.
🏠 Short Term Rentals Available on platforms like Airbnb, with prices ranging from $20 to $50 per night.
🛏️ Budget Accommodation Affordable lodging options include Otunba Guest House and Ibis Hotels.
🏙️ Best Area to Stay for Tourists Jericho and Bodija are popular neighborhoods for tourists.
🏙️ Best Area to Stay for Digital Nomads Areas close to the University of Ibadan and Bodija known for cafes and coworking spaces.

Working and Networking

🏢 Best Coworking Space WorkWay Space located at Jericho; offers fast internet and good facilities.
Best Cafe for Work Cafe Wazobia in Bodija, known for its comfortable seating and good coffee.
💼 Networking Events Ibadan Creative Meetup – a monthly gathering of freelancers and startups.
🥂 Social Events for Expats Ibadan Connect Facebook group for expatriates to meet and socialize.

Transportation

🚕 Best Taxi/Ride App Uber and Bolt operate in Ibadan; local taxis are also available.
🚲 Bike/Scooter Rental Limited options; local bike rental shops can provide services.
🏖️ Best Beach Nearby Closest major beach is Lekki Beach, approximately 2 hours away by car.
✈️ Top Regional Airline Air Peace offers flights from Ibadan to major cities.
✈️ Top International Airline Arik Air and Air Peace provide international connections.
🛣️ Highway Access Major roads include the Lagos-Ibadan Expressway connecting to Lagos and other cities.
🚉 Main Train/Transit Hub Ibadan Railway Station with service to Lagos and other regions.
🚍 Public Transport Passes Local bus services available, but no specific passes; pay per ride.
✈️ Regional Travel Buses and shared taxis are the primary means of transport to nearby cities.

Health and Wellness

🏥 Best Hospital University College Hospital (UCH), known for quality healthcare.
🧘 Yoga & Wellness Centers Vision Wellness is a popular yoga studio in the city.
🏋️ Gyms & Fitness Centers Fitness Central offers good facilities for workouts.
🧺 Laundry Services Wash & Go provides laundry services around the city.

Food and Drink

📱 Best Food Delivery App Jumia Food is the leading food delivery service in Ibadan.
🍽️ Best Local Dish to Try Amala with Ewedu and assorted meat is a must-try local dish.
🍱 Vegan/Vegetarian Options Options are limited; however, some restaurants like Veggie Republic cater to vegans.
🍫 Best Dessert Spots Sweet Cravings bakery offers a range of delightful pastries and cakes.
🛒 Affordable Shopping Spots Bodija Market for fresh produce, local foods, and affordable shopping.
🛒 E-commerce/Online Store Konga and Jumia are popular e-commerce platforms in Nigeria.
🛒 Grocery Delivery Grocery delivery via Jumia and YAPILI.
🍸 Bar/Nightlife Area Ibadan has a vibrant nightlife centered around Jericho with bars like Trenchard Hall.
🍻 Local Brewery Ibadan local brews can be found at various bars, offering traditional drinks.
🍷 Wine Bars Check out The White House Restaurant for wine selections.
🍲 Street Food Stalls Street food is abundant in the city; try Suya and Puff-Puff from street vendors.
🍕 Popular International Cuisine Nok by Alara for mixed international and local cuisine.

Culture and Attractions

🎟️ Must-See Landmarks The University of Ibadan, Cocoa House, and the Bower's Tower.
🏛️ Museums & Art Venues National Museum of Unity offers insights into Nigeria's history and culture.
🏰 Historical Sites Mapo Hall and the Agodi Gardens are key historical sites.
🕍 Religious Sites St. Anne's Anglican Church is a notable landmark.
🎉 Annual Events Ibadan Festival held annually, showcasing cultural displays and local traditions.
🎨 Cultural Districts Iwo Road and Bodija are vibrant with local arts and crafts.
🎭 Theater Venues Ibadan Arts Theatre hosts local and national performances.
🛍️ Local Markets Bodija Market and Dugbe Market offer local shopping experiences.
🎼 Music Scene Ibadan has a lively music scene with many local artists performing in clubs.
🎨 Street Art Street art can be seen in various neighborhoods, particularly in the university area.
🧑‍🍳 Cooking Classes Classes available at local community centers, focusing on Nigerian cuisine.
👩‍🎨 Art Galleries Nineth Gallery focuses on local artists and exhibitions.
🕰️ Historic Buildings Check out the colonial architecture in the city center.
🏴 Local Heritage Ibadan is known for its rich cultural heritage, reflected in its artworks and festivals.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Agodi Gardens offers a beautiful green space for relaxation and picnics.
🏞️ National Parks Nearby Oyo National Park is approximately 1.5 hours away.
🚲 Cycling/Walking Paths The university has great paths for cycling and walking.
🌄 Scenic Viewpoints Bower's Tower provides stunning views of the city.
🦉 Birdwatching Locations Oyo State parks are home to diverse bird species.
🔥 Bonfire-Friendly Spots Agodi Gardens offers designated areas where bonfires are allowed.

Other Services and Amenities

📦 Parcel Delivery Service DHL and Nigerian Postal Service are reliable for parcel deliveries.
🛠️ Tech Repair Services Tech+ offers good mobile and computer repair services.
🏓 Table Tennis Spots Local community centers often have table tennis facilities.
🧑‍🏫 Language Classes Ibadan Language Center offers Yoruba and English classes.
📚 Libraries & Study Spots The University of Ibadan Library is a great place to study.
🏘️ Community Centers Cultural centers in Ibadan host events and gatherings.
🕹️ Gaming Lounges Game Lounge Ibadan offers video gaming experiences.
🎰 Casino & Gaming Halls Limited options; Casino Lagos is the closest major casino.

Business

🏢 Studio Purchase Price (City Center) Approx. ₦60,000 per m² (e.g., 40 m² = ₦2,400,000)
🏢 Studio Purchase Price (Outside City) Approx. ₦40,000 per m² (e.g., 40 m² = ₦1,600,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. ₦70,000 per m² (e.g., 60 m² = ₦4,200,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. ₦50,000 per m² (e.g., 60 m² = ₦3,000,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. ₦80,000 per m² (e.g., 80 m² = ₦6,400,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. ₦60,000 per m² (e.g., 80 m² = ₦4,800,000)
💼 Corporate Tax 30% standard corporate tax rate for businesses.
💵 Dividend Withholding Tax 10% is applied to dividend distributions.
🏦 Tax System Personal income taxed at progressive rates, from 7% up to 24%.
📈 Highest Income Tax Bracket 24% for annual income above ₦3 million.
🧾 VAT Standard VAT rate is 7.5%.
🌐 Controlled Foreign Company (CFC) Rules Loosely regulated; opportunities for tax planning exist.
🏠 Property Tax Annual property tax based on estimated property value.
🏠 Property Transaction Tax No federal tax; local government charges can apply.
💻 Attractive Tax System for Digital Nomads 10% tax on income earned in Nigeria, offering incentives for remote workers.

Feedback Thank You!

Thank you!

Your feedback has been submitted successfully.