$200/year will not get you a good accommodation, but it all depends on where you live; for $200, you can get a good self-contained accommodation in rural areas and a single room in urban areas; the minimum self-contained accommodation in my city is $330/year (N200k) The bare minimum is $300. (N180k)
If you want to live like a king, you should make your room very comfortable; you'll need at least $1000 (N600,000) to get a TV, AC, kitchen appliances, a bed, and so on. In most parts of Nigeria, a Sr.Member's signature pay cannot make one in the city live like a king. The cost of living is currently extremely high.
A Sr member weekly payment can only make one live like a king if one stays in the hostel where average feeding per day is $10 (N5000).
Cost of living can be high in Nigeria, in Belgium it is even a lot higher. If you want to rent a place with 1 bedroom, bathroom and a small kitchen and living area, you need at least 400 - 700 $/month (depending in which city you want to live). I live in one of the bigger cities in Belgium (Bruges) so there prices for an apartment to rent are about 600 $/month.