Every naira in Lagos Life passes through a few systems: your wallet and the bank, the tax office, the price list (which changes with your wealth), and the weekly business news. Here is how each one works.
Your balance and the bank
Your balance is the number at the top of the screen. The Bank app on your phone (the Naija Reserve Bank) shows every transaction, lets you transfer to other players and holds savings.
- Transfers go from β¦100 up to β¦10 billion at a time.
- Deposits and withdrawals start at β¦1,000, with daily limits on how many you can make.
- The bank also sells bonds from β¦10,000, up to ten at a time.
Everything is recorded. Large or odd flows of money are exactly what the in-game EFCC looks for, so the bank is also where trouble starts. See crime and law.
Income tax
Tax is weekly and only applies once you earn more than β¦1 million in a week. Rates are marginal, so only the part above each line is taxed at the higher rate:
| Weekly earnings | Rate |
|---|---|
| Up to β¦1,000,000 | 0% |
| β¦1,000,000 β β¦10,000,000 | 20% |
| β¦10,000,000 β β¦50,000,000 | 30% |
| Above β¦50,000,000 | 35% |
Wages and other earnings are both counted, and the game tells you the moment you cross the line ("Tax time π§Ύ"). Check what you owe with the income tax calculator.
Big Man prices
Prices are not the same for everyone. Once your net worth crosses certain lines, the cost of activities at venues (and casino limits) multiply:
| Table | Net worth from | Stakes & prices | Winnings tax |
|---|---|---|---|
| Main floor | β | Γ1 | 0% |
| VIP table | β¦1B | Γ10 | 10% |
| Big Man table | β¦100B | Γ50 | 25% |
| Oba's table | β¦1T | Γ100 | 40% |
That is why rich players see a β¦60M Event Centre listed at β¦6 billion, or a Quilox bottle that costs ten times what a new player pays. Spray money, paying bail and settling an officer are exempt. The higher tiers also take a cut of casino winnings.
Weekly economy news
Most weeks the phone posts "Lagos business news": an event that moves the income of specific businesses and the price of specific land for that week. It shows up as "Coming this week" first, so you have time to react.
Government policies
An elected governor can switch on policies that change prices for everyone in the city:
| Policy | Effect |
|---|---|
| π Transport subsidy | Danfo and keke fares are half price |
| πΌ Minimum wage raise | Everyone earns 15% more per shift |
| π Owambe season | Fun at places around Lagos is 30% stronger |
| π Food subsidy | Groceries and food are 30% cheaper |
| π‘ Steady light | NEPA cuts are shorter and rarer |
Other ways money moves
- LAPO loan: LAPO Babies start with β¦60,000 and repay β¦72,000 at β¦12,000 a week. You can repay early.
- Lagos Property Fund: a passive fund paying about 1% a week, with a β¦1M minimum and a 5% exit fee.
- Rent and staff wages come out weekly, at the end of each in-game week.
- Daily streak rewards pay small cash, XP and blessings for logging in each day; see Lagos Rep.
- Billboards and ads cost β¦250,000 to promote your business to every player.
- Top-ups buy game naira with real money from the official screen only.
Where to go next
- How to make money for income strategy.
- Businesses database for payback numbers.
- Insurance to protect what you have built.
Questions players ask
Numbers come from the live game build and may change after updates.