By Lydia Ngwakwe

Lagos, the smallest but highly populous state and Nigeria’s commercial nerve centre, is undoubtedly full of activities and excitements.

Founded in 1967 with headquarters in Ikeja, Lagos boasts of some facilities and infrastructure that make business efforts rewarding and life generally interesting.

However, beneath these, lies a growing concern – a housing challenge with crippling rents.

With a land area estimated at 3,577 square kilometres and population estimates of 9,113,605 (2006 census), 12,772,884 (National Bureau of Statistics in 2019) and 35,000,000 (Lagos State Government in 2020), Lagos State continues to have housing deficits in spite of estimated 300,000 new housing units constructed annually in the state.

For many people, finding a decent and affordable place to live in Lagos has become a battle.

Accommodation problem in the commercial nerve centre has become worrisome.

A two-bedroom apartment in Festac Town, for instance, attracts an annual rent of about N900, 000.

A similar accommodation in a suburb, such as Egbeda, goes for an annual rent of N550,000.

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