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Inflation Drives Lagos Rent Crisis, Residents Forced To Move - Properties (4) - Nairaland

Nairaland ForumNairaland GeneralPropertiesInflation Drives Lagos Rent Crisis, Residents Forced To Move (15879 Views)

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Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by laivwire(m): 7:52pm On Feb 28, 2025
Pojomojo:
Are you married?
Is there a reason for this question?
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by femi4: 7:52pm On Feb 28, 2025
malali:
The impact of removing oil subsidy and fuel subsidy is finally reaching Lagos.

Some states in the north already look like ghost towns.

If you stand in katsina downtown, you can count the cars passing on the streets easily.

This is just the beginning. Places like Ikorodu will see a lot of new tenants.

Thats how London became developed, all those people in zone 4 use to live in central london before.

Na housing cost pursue them.
Lagos has become inhabitable
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by PricelessGem1: 10:09pm On Feb 28, 2025
INEC and Judiciary must make the list
ravensckar:
For new buildings, one can understand.

However, for buildings that are as old as methuselah, what is the justification for such astronomical increase? cheesy cheesy

List of Nigerians that won't smell heaven;

1- Politicians
2- Policemen
3- NEPA people
4- Lagos Landlords.

You can add the rest by yourself. wink wink
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by DeOTR: 11:01am On Mar 01, 2025
laivwire:
People in Lagos spend more than that amount of time in traffic on a daily basis inside stuffy, crammed, rickety and smelly vehicles.

A long haul train for example is spacious and more comfortable. You can sleep or work on your laptop enroute.
Well, that's true. I don't really like Lagos. I moved to Abuja once they allowed me to work remotely.
Nigeria had the golden opportunity to to build a prosperous nation during the oil boom of the 1970s, but our leaders lacked foresight. That was the best time to build complex transportation infrastructures without borrowing.
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by 7lives: 12:31pm On Mar 01, 2025
Free2Fly:
Other governors should be ready to do what?
You ungrateful people don't acknowledge the huge amount the FG has invested in that state because of its strategic location and national heritage.
Let's not talk about those invested by individuals, corporate institutions and international organisations for the same reasons.
Will other governors use their own money to develop seaports and airports, and the Atlantic ocean that will create that import and export hub in their states?
Nonsense post, the federal government didn't build my great grandmothers', greatgrandfather's, grandfather's, grandmothers', grand uncles', grand aunties and so on houses.
Most of them build their houses as far as the 60s.
We the young ones understands the assignments, you must think you're talking to a kid, the halt plots some of us bought 20 years ago, for 350k are now worth 25m, and we are still buying and building.
Omoluabi build this city, they've been building since Olokun Seniade.
The only thing my people knows, is how to develop and build.
Your useless federal government came to meet us here, infact both the British and your useless federal government should pay us reparations, for stealing our lands and killing our people for fighting back.
Before the British and your useless federal government arrive, we were thriving.
They met a king and deposed him, killed as much as they can, just to take over the land.
Whom God has blessed, no man can curse.
Tell your federal government to bless you, with the divine grace enjoyed by Lagos.
Owo Eko, Eko lo ngbe.
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by hartson: 12:52pm On Mar 01, 2025
CoronaVirusPro:
PH rent is not of this world.

The landlords there were created in the image of the devil
Few landlords in Ph are too good.my landlord for example is a good young man.Reason why I find it difficult to relocate elsewhere.
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by Vijuchoco(f): 1:57pm On Mar 01, 2025
Kharol1234:
The house for Lagos they choke, my younger brother just rented 2bedroom flat for 1.7m
Where in Lagos please, cos it's around 3M for a decent one already in Surulere..
My friend just rented a mini flat for 2M about 2months ago
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by Kharol1234: 1:59pm On Mar 01, 2025
Vijuchoco:
Where in Lagos please, cos it's around 3M for a decent one already in Surulere..
My friend just rented a mini flat for 2M about 2months ago
Iyana ishashi
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by iwaeda(op): 2:02pm On Mar 01, 2025
Kharol1234:
Iyana ishashi
Ogun State. grin grin grin
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by Kharol1234: 2:12pm On Mar 01, 2025
iwaeda:
Ogun State. grin grin grin
No Lagos mainland after okoko
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by iwaeda(op): 3:08pm On Mar 01, 2025
Kharol1234:
No Lagos mainland after okoko
OK, I thought is close to Ojuore, Sango. grin grin grin
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by kppo(m): 3:53pm On Mar 01, 2025
Rent in Lagos is something else. It's not just Tinubu era. It has been like that since Buhari's administration. The simple solution is to migrate to where rent is cheaper.
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by Hilariousthiago(m): 4:05pm On Mar 01, 2025
Gerrard59:
As I've written on Nairaland, what Lagos needs are the following:

- Construct taller buildings. Enact a law mandating at least ten stories tall residential buildings in most areas of the state. Lagos is one of the few most populous mega cities globally that has fewer tall buildings.

- Extend railway lines to Ogun. Lagos needs to be decongested during the weekends. It should only be filled during weekdays. To enable this happen, extend railway/metro lines to Ogun and Oyo. When this has been done, implement congestion taxes priced at certain times in most parts of the state.

- Government has to invest massively in public housing using the first recommendation as the initiatior.

The talk about regulating rents is baseless as there is no place in the world where rents are regulated and there was a corresponding reduction in rents. Nevertheless, Lagos' rents will remain the highest in West Africa because it's Nigeria's most populous yet smallest and at the the same time the wealthiest state.
A lot of our problems will become things of the past in few years if we can solve electricity issues. Who wants to be climbing stairs to a 10 storey building if there's no electricity to power the elevator?
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by zombieHUNTER: 4:19pm On Mar 01, 2025
7lives:
Seriously?.
A room in Lagos used to cost 40 naira, get informed.
When it comes to housing, demand and supply dictates the price.
Ask around, a two bedrooms flat at Mowe is 200k, the same two bedrooms flat in Oshodi is now 1.7 million.
As long as people move into Lagos for whatsoever reasons that's pursuing them, we the people of Lagos shall continue to be grateful to those who blessed us with the privileges.
Let other governors in Nigeria do the needful, Nigeria is big enough to accommodate everyone, Lagos is equally ready to accommodate, just be ready to pay and remember, owo Eko, Eko lo ngbe.
Money made in Lagos is spent in Lagos.
You think it's only in Lagos that rent increased?

You must be a clown
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by Abufo: 5:24pm On Mar 02, 2025
Kharol1234:
Iyana ishashi
which kind name be dis.......I hope no skullership goes on there?
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by Gerrard59(m): 4:15pm On Mar 03, 2025
Hilariousthiago:
A lot of our problems will become things of the past in few years if we can solve electricity issues. Who wants to be climbing stairs to a 10 storey building if there's no electricity to power the elevator?
Onitsha has this as a major problem. But Lagos really needs to construct taller residential buildings, and I strongly believe it's possible with generators since the market is there. Kpata Kpata dem off elevator during the midnight grin
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by Kaycee54321(m): 9:57am On Mar 04, 2025
I saw in the comments that someone rented at 1.7m for 2bed... in Iyana Ishashi of all places.

This thing no funny again


I'm currently house hunting. I paid one elite agent driving Corolla Sport. E don carry me go where "match my taste"...

Rent: 3M annual

For Mini flat.

On the "poorer" mainland.


So people wey dey earn 150k, na for kiosk dem dey sleep abi wetin


No wonder everybody is angry in this f.ucking city.
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by shegz24(m): 3:35pm On Mar 06, 2025
tpain121:
Which kind agbado thinking be this?
Government should compel companies to increase salaries? Companies that are making losses and folding up here and there because of the evil policies of this area boy?

What of people that are not working in companies?

You get sense at all? I doubt !
Govt will compel companies to increase salaries based on the fact that the price of the product or service that company produces have also increased in price.

People that do their personal business have the luxury to increase the price of their service or product based on the inflation rate.

It's only a mentally sick man addicted to losing like yourself that will buy goods at a higher cost as before and still maintain the same selling price.
Most traders even increase the selling price before they go to the market for turnover.
It's common sense but you lack it.
Re: Inflation Drives Lagos Rent Crisis, Residents Forced To Move by Lordwheez(m): 4:56pm On Apr 30, 2025
Lagos landlords don turn everybody to silent tenants.
One year you’re paying ₦800k, next year na ₦1.3M. No warning, no conversation — just vibes and pressure.

But the question is… Is it even legal?

A lot of us don’t know our rights, and landlords use that to collect anything they like.
But Lagos Tenancy Law actually has rules. Yes — rules.

Here’s what you should know (real quick):

✔️ Your landlord is supposed to give notice before increasing rent
✔️ There are limits to how short or long that notice should be
✔️ You can challenge crazy increases (there’s a tribunal for that)
✔️ If you don’t have an agreement or lease, you’re more vulnerable

I just read a blog post that breaks everything down clearly — even how to rent monthly and avoid all this sudden shege.

It’s worth the read if you rent in Lagos or plan to soon.

🔗 Click here for full info...
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