₦airaland Forum

buttlover:
If you add the 20% tax, the time will double

Kharol1234:
Person wan fast for 24years to fit afford 1 bed for Eko Atlantic 🤣🤣🤣🤣🤣


Na to just go there village go they leave for family house.

Karlifate:
Prople keep chanting this rhetoric, but no one has ever taken the bull by the horn to start.

Let the change start from you, enough of these theoretical social media noise!

wolesmile:
You are one of those spreading this misinformation about the tax. A minimum wage earner is exempted from tax.

obonujoker:
How long would it take a minimum wage earner to afford a 1-Bedroom Apartment in different parts of Lagos?

Eko Atlantic City — 24 years 11 months
Banana Island — 11 years 11 months
Ikoyi — 9 years 6 months
Victoria Island — 8 years 11 months
Lekki Phase I — 5 years 4 months
Lekki Phase II — 4 years 2 months
Ikeja — 3 years 10 months
Yaba — 2 years 7 months
Ajah — 2 years 5 months
Gbagada — 2 years 5 months
Surulere — 1 year 9 months
Apapa — 1 year 7 months
Ketu — 1 year 4 months
Shomolu — 1 year 4 months
Festac — 1 year 2 months
Oshodi — 1 year 0 months
Alimosho — 11 months
Agege — 11 months
Ajegunle — 11 months
Mushin — 11 months
Ojo — 9 months
Ikorodu — 8 months
Epe — 6 months
Badagry — 5 months

This calculation is based on current 1-bedroom average rental prices and assumes the worker saves 100% of their ₦70,000 monthly income, with no spending at all. It also does not account for future rent increases over the saving period.

Even in the most affordable area, a 1-bedroom apartment consumes 42% of a minimum-wage earner’s annual income.

That means nearly half of everything earned in a year goes to rent alone. That's before food, transport, healthcare, electricity, school fees, or emergencies.
#Statisense
(Lagos Residential Market Report 2025)


Source

thesicilian:
No one can save 100% of their salary unless you account for other sources of income. Even a hypothetical situation needs to be realistic for it to be taken seriously.

buttlover:
If you add the 20% tax, the time will double

wolesmile:
You are one of those spreading this misinformation about the tax. A minimum wage earner is exempted from tax.

ADAMUdaCOWBOY:
Tax no follow for minimum wage earner and starting level for tax na 15%

CodeTemplarr:
When God said be friitful n multiply, he didnt make your fruitfulness compulsory in an urban setting. Lagos is not be force. Thats why people live in Ota and work in island.

Two or three LGAs from Ogun state should be integrated into Lagos and carefully developed to cushion future imbalance of residents/workplace ratio.

buttlover:
If you add the 20% tax, the time will double

ajalawole:
Self employed is the best. HK for life.
Happy new year all niaralanders.

obi4eze:
What are you even saying? He is talking about affordability of a necessity with your income.

We all know that nobody can save 100% of their income but is a basic necessity such as housing affordable for the common man earning a minimum wage in this government? What is the cheapest cost of rent for a 1 bedroom apartment? How long can it take one who earns 70k as minimum wage pay for it?

Unless you are a Tinubu supporter or a rich person who doesn't rent, it is difficult to afford a decent accommodation with the state of things in Nigeria.

obi4eze:
What are you even saying? He is talking about affordability of a necessity with your income.

We all know that nobody can save 100% of their income but is a basic necessity such as housing affordable for the common man earning a minimum wage in this government? What is the cheapest cost of rent for a 1 bedroom apartment? How long can it take one who earns 70k as minimum wage pay for it?

Unless you are a Tinubu supporter or a rich person who doesn't rent, it is difficult to afford a decent accommodation with the state of things in Nigeria.

kernniejay:
To afford a year rent or to build a 1 bedroom? By the way, you can't see minimum wage earners living in Ikoyi, Lekki, Victoria Island, Eko Atlantic city and other classy places on the Island. They only come there to work and go back to their houses at Surulere, Oworo, Gbagada, Ketu etc. The people living in those Ikoyi, VI and others are company executives, business owners, bank bosses and celebrities. Civil servants stay at Lagos Mainland.

thesicilian:
It is not my business whether you're a "Tinubu supporter" or not, I'm not interested in your political affiliations.
There's hardly any major city on earth where minimum wage earners can afford to rent a 1 bedroom apartment without having to save part of their income for many months. That's assuming you want a comfortable 1 bedroom apartment, with it's own toilet, kitchen and bathroom at least.

But a minimum wage earner in Lagos should be looking for a single room, not comfort. There are many very standard single rooms you can get for between 10k - 20k per month, depending on your taste. Again, I don't think there's any major city on earth where a minimum wage earner lives in comfort.

thesicilian:
No one can save 100% of their salary unless you account for other sources of income. Even a hypothetical situation needs to be realistic for it to be taken seriously.