₦airaland Forum

amarilo:
Tot somebody said that both preaident and VP cant away from the country at the same time.

I do not know who said that and if it's true but Yemi Osibanjo is now the acting president not the VP.

Lord knows that I'm praying for it to be false news and just a publicity stunt.

https://m.guardian.ng/property/lagos-ranked-worlds-third-unaffordable-city-for-renters/
CC LALASTICLALA
CC MYND44

A new report has ranked Lagos, the nation’s
commercial nerve centre as the third least of
world cities that are highly unaffordable for
renters.

The report released by RENTCafé, a property
search website puts Lagos rent at $355 (N129,
575) per month while the household income is
$625 (N228, 125), making the city the third
behind Manhattan, New york city with 59 per
cent and Mexico City with 60 percent.

It also identified the three least cities as vibrant
urban hubs with thriving or emerging
economies but unaffordable for renters
The ranking is coming on heels of the global
professional services firm, Price Water
Corporation (Pwc) Opportunity report that
listed Lagos at 28 position of 30 cities.

In its latest Cities of Opportunity report, PwC
has also set up what is basically the shortlist of
the world’s best cities to work and live in.

The top-30 ranking is the result of an in-depth
analysis of the most prosperous global
business, finance and culture capitals, which
looks at 10 different indicators—including but
not limited to infrastructure, intellectual
capital, sustainability and ease of doing
business, all of them essential for a great
environment.

With the list, the researchers looked at how
much money do people earn in these cities and
whether these salaries are enough to afford a
rental apartment.

The implication of the recent report is renters
in Mexico City, Manhattan and Lagos face
severe rent burden, meaning that the rent
takes up more than half of a household’s
income each month (60 per cent, 59per cent
and 57per cent respectively).

In other words, in an average family with two
earners, one of them works only to pay the
rent, and it’s still not enough.
Lagos residents cough out an astounding 57per
cent of their income on rent, while in Mexico
City, the median household income barely hits
the $14,500 mark and yearly rent amounts to
$8,640 on avg.

That puts Mexico City first among the world’s
most unaffordable cities for renters with a
60per cent rent burden. Not even London,
which PwC declared the world’s best city to
live and work in escapes the affordability
woes.

The 40per cent rent-to-income ratio places UK’s
largest city among the moderately rent-
burdened global powerhouses of the world.

At the other end of the spectrum, Kuala
Lumpur emerges as the best choice for renters
in search of more relaxed lifestyles. Rent
barely takes 20per cent of the median
household income in Malaysia’s capital city.

In the study, the researchers looked at the
current rents in the top global financial
centres, but not restricted to cities with
outstanding activity in the financial sector, and
bringing into the equation the affordability of
local housing prices too.

According to the Communications Specialist
for RENTCafé, Amalia Otet, researchers used
the list of the world’s top cities of opportunity
as published in the latest issue of their Cities of
Opportunity report and study the overall
average rents or their US Dollar-equivalents
adjusted for inflation as necessary.

In the report, London slide back 21 places
when ranked by rental affordability, with
the seven out of the top 10 most affordable
cities of opportunity catapulted straight from
the lower third of the initial ranking.

“London is famously expensive. And so is LA.
But is this just an outside perception or the sad
reality? Our research team here at RENTCafé
looked at rental prices in the world’s 30 best
cities to live in and compared them with the
local median incomes to see just hom
(un)affordable these fine urban hotspots are”,
Otet noted.

According to the study, Kuala Lumpur, Moscow
and Johannesburg ranked as the most
affordable cities of opportunity from the 20th,
22nd and 24th places of the original ranking,
respectively

Also two South American markets on the 4th
and 5th places, Bogotá and Rio de Janeiro
moved the farthest from their original
positions—22 places up from 26th and 27th.

Speaking on the ranking, an, urban
development expert, Lookman Oshodi said the
ranking is not unexpected considering
spiraling inflation that the country has
witnessed in the past few years.
He noted that in the past two years, however,
most property owners have maintained rent
freeze.

Despite the freeze on the real rent cost,
property owners and renters alike, Oshodi said
have been dealing with costs ranging from
security, energy, water and road among other
housing related services.

“The energy crisis has further pushed housing
related cost to astronomical level as residents
need to fuel and repair their power systems,”
he added.

Men. All in a bit to service their egos and feel superior, countries engage their scientist in atomic bomb making.
Later they would come and be preaching about world peace when their defence budget is increasing yearly.

Making such horrific bombs and advocating for peace is like a pastor carrying an Ak47 in one hand and a bible in another.

I

We can only get it right if the oil price stays the same.
Let successive governments continue to struggle with how to properly utilize low revenues, increase revenue generation, diversify from oil & create employment & develop infrastructure.

Me wey dey here dey hustle how I fit go study abroad to get my 7 degrees like Dino, person dey carry him pikin come here to our poor, lacklustre and archaic education system because of tradition.
Tradition my asss.
Such an Irony.

t

I would like to urge PMB to humbly resign if his health status should span another 30 days.

It has created a vacuum in governance for the easy spread of propaganda and false news . PYO is fit to continue and carry on the mandate.

I quite agree with Dele on the basis that many who are clamouring for restructuring really have no idea what it is about and it really is not and end to marginalization.
Neither is CONFAB report for the creation of extra states. We have failed to realise that unless we are able to change our mindset and see leadership as it is without being sentimental we shall always continue to complain of marginalization.
Restructuring is the way to go but it wouldn't end marginalization.

Drinkwater.

Nigeria would just be nosediving into more problems.
Restructuring or creation of more states is not the solution to our problems.

Proper Education, re orientation & good governance is.
Nigeria has so many ethnic groups. Are we gonna give each ethnic group their own state?

CC sarrki

From the headlines he said "THOSE calling for restructuring". There should be emphasis on the subject "Those" . I have not read the full details but based on the headlines it would be most unfortunate if we are to be ignorant.. I know we all love to hate anything APC but let's not be becloud our judgements .
That was my comment on that thread and I got bashed for it. CC MYND44.
You mods pushed that previous thread to FP with due diligence.

CC Lalasticlala. This must make FP.

My hate and aversion for nose rings knows no bounds.

Nicky's fakeness is an old tale. Meek mill ought to be meek & humble, that was not savage.

The list shouldn't be complete without Tboss.

alcmene:
Commending alone isn't enough.. empower him.
Short and stingy errand boy

Empower him & watch a bunch of others refund theirs in order to get empowered.
It is your type that would do good, not for the sake of it but in expectation of reward.
A commendation from "short and stingy errand boy" is an enormous reward. Besides, the guy's got a job and any employer would be willing to accept him because of this recommendation.

Man. such good people still exist?

I wouldn't even refund it if I were him.

And in between 2011- 2016 she has had three kids.

u

Watch what you say on the media and the internet. They never forget.

E be like say he wan burst.
Sha na ajebo him be.

But it would quite unfair if we vote for you without knowing the necessary criteria for voting you, just because you are a nairalander

I am not hating but you need to tell me why you deserve my vote.

This is the just normal in politics.
Dino vs Bello. Flo vs Ayade: Senatevs Executive.

LesbianBoy:
Why is dbanj's hand in his pocket? The other time he was pictured with blac chyna and another endowed model he also had his hand in his pocket! It seems dbanj cannot stand near an endowed woman without his "kini" rising!

Not everyone is a pervert like you. Koko master has seen ladies of all races, shapes, sizes, colours etc.

Dbanj is always pictured with all these endowed ladies. Mr endowed, you sha need to chill, all these hoes have been passed around by other celebrities.

If Jay Z can cheat on a "Beyonce" & Beyonce can forgive him then what does this teach us?