NewStats: 3,264,502 , 8,183,914 topics. Date: Wednesday, 11 June 2025 at 10:45 AM 6r6d4w

Maxymilliano:
What would you expect when a bag of cement is 10,000 and the government is only paying lip service to providing affordable housing

What happened to all the APC vuvuzela noise about reducing inflation and crashed prices if cement is still at 10k

Editorialtimes:
The Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, has assured Nigerians that the nation’s high inflation rate will be decreased by a minimum of 15 percent by 2025.

Nigeria's inflation rate increased for the fourth consecutive month in December 2024, rising to 34.80% on an annual basis, up from 34.60% in November, as reported by the National Bureau of Statistics last week.

The Minister, while addressing the Senate Committee on Finance during this year’s Budget defense on Monday in Abuja, the nation’s capital, expressed optimism that the 2025 budget estimates of N47.9 trillion, particularly concerning revenue, will be achieved with the anticipated robust economy.

He stated that reducing inflation, while a key responsibility of monetary policy advocated by the Central Bank of Nigeria (CBN), is attainable.

The Central Bank of Nigeria projects a 15 percent inflation rate by the end of 2025. This goal is attainable, and we are diligently working towards it. We anticipate reaching this target.

Source: The Bureau Newspaper

treesun:
Nigeria’s headline inflation has dropped to 24.48 per cent year on year in January 2025.

This is a sharp decline from the 34.80 per cent headline inflation recorded in December 2024.

This is according to the National Bureau of Statistics (NBS). The Statistician-General of the Federation Adeyemi Adeniran announced this on Tuesday.

He said the Consumer Price Index (I) – which measures the rate of change in prices of goods and commodities – has declined to 24.48 per cent year on year in January.

Adeniran who was speaking during a briefing in Abuja, explained that urban inflation stood at 26.09 per cent while rural inflation came to 22.15 per cent.

He said that the general prices of goods and services in the country declined, compared to the 34.80 per cent in December, which used the old template.

https://www.channelstv.com/2025/02/18/just-in-nigerias-inflation-rate-drops-to-24-48-per-cent/

BigDick70inch:
Honestly.......Lagos rent increment is something else......

Partially....due to the involvement of the lazy grown up idiot called AGENTS......

Craziest part is hardly will this mofos let u have direct access to the landlord/landlady

Direct access to landlord.
You want to spoil business for them.

okay, move to the next topic. 2027 is coming, let me borrow you one if you dont have.

Yet we are supposed to believe that this is a government of hope....very absurd slogan

BigDick70inch:
Honestly.......Lagos rent increment is something else......

Partially....due to the involvement of the lazy grown up idiot called AGENTS......

Craziest part is hardly will this mofos let u have direct access to the landlord/landlady

The landlords don't want to deal with you either.

It is understandable for newly built houses (though, not justified), but what about those who built their houses when cement was N500?
We're really doing ourselves in this country.
It is well.

ravensckar:
For new buildings, one can understand.

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

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.

Glithronix:
It is understandable for newly built houses (though, not justified), but what about those who build their houses when cement was N500?
We're really doing ourselves in this country.
It is well.

So if you want to maintain or renovate a house that was built in 1980 are they going to sell cement and other building materials to you at 1980 prices?

Ikonse:


Seems you're a good employer. God bless u. I wouldn't mind if u help me a job pls

you better don’t fall for that flattt head nya Miri boy nonsense.

Person wey still Dey do nwa boy for him oga spare part shop for ladipo LagosOrigin my ass..,shameless nya Miri

It's not their (agents) fault. It's the fault of the Landlords patronizing them. What was agent 30-40 something years ago when we were young, there was nothing like agent then. Like play like play dem don turn agent to corporate job.

BigDick70inch:
Honestly.......Lagos rent increment is something else......

Partially....due to the involvement of the lazy grown up idiot called AGENTS......

Craziest part is hardly will this mofos let u have direct access to the landlord/landlady

Pelicanbrief:
Good development. All the ewedu skvll miners should get ready to return back to ogbomosho because they obviously cannot pay rent to their Igbo landlords

normally, nya Miri yiibo take pride in shame….which house your papa get for Lagos, Abi you think say Lagos na Biafra land? Don’t go and develop your potopoto land, Dey claim Lagos landlord for your one room rented apartment in ajegunle 🤣🤣🤣

Kharol1234:
The house for Lagos they choke, my younger brother just rented 2bedroom flat for 1.7m

It's not about renting it, can he renew it?

BigDick70inch:
Honestly.......Lagos rent increment is something else......

Partially....due to the involvement of the lazy grown up idiot called AGENTS......

Craziest part is hardly will this mofos let u have direct access to the landlord/landlady

It is even worse in Abuja right now
An average salary earner can't pay for a 1 bedroom apartment in the outskirt of Abuja. Every landlord is vacating tenants to increase rent in Abuja. It is really crazy

It's crazy!!!! Ho can you increase house rent from 260k to 500k per annum just because the have tarred the road.

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 ing 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.

Baba go Taraba no cars on the road except for government vehicles.

Wizardslayer:
Lagos a learner in the game.

Come to PH AND SEE WONDERS. VERY POOR HOUSES ON THE HIGH SIDE.

I hate that town. Very expensive for no reason mtcheew

PrettySmart:
It's not only in Lagos. House rent in Uyo, Akwa Ibom is crazy.

My uncle ran out that town back to village and his farming and living better some of us in the town.

popp:
This is actually happening every where.


In South Africa, the locals are moving out of Jorbourg, Freetown and Pretoria due to high rent.

Theirs are affordable have you seen the rent in Chicago for a studio apartment $2650 to the maths.

AfahaAbia:


It's not about renting it, can he renew it?

yes

ProudlyLagos:
you better don’t fall for that flattt head nya Miri boy nonsense.

Person wey still Dey do nwa boy for him oga spare part shop for ladipo LagosOrigin my ass..,shameless nya Miri

Wow.. thanks

Lagos rents prices are crazy and overpriced. Like shylocks. Thanks to tinubu's hyperinflation.

it's crazy mehn, nah when you start to dey pay rent you go know say 12months no really far...

Pojomojo:
It's crazy!!!! Ho can you increase house rent from 260k to 500k per annum just because the have tarred the road.

Where pls

SmartyPants:


The landlords don't want to deal with you either.

Leave am make e dey jonse 😂😂😂😂

Kobicove:




So if you want to maintain or renovate a house that was built in 1980 are they going to sell cement and other building materials to you at 1980 prices?

How many of these landlord do renovations? It's still the tenant that does most of the repairs?

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ravensckar:
For new buildings, one can understand.

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

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.

Omo oniles (land grabbers)
Agberos (motor park touts)

Kobicove:

So if you want to maintain or renovate a house that was built in 1980 are they going to sell cement and other building materials to you at 1980 prices?

You're not getting the point, bro.

jayce232:

It is even worse in Abuja right now
An average salary earner can't pay for a 1 bedroom apartment in the outskirt of Abuja. Every landlord is vacating tenants to increase rent in Abuja. It is really crazy

Like how much are they asking for?

This is what made me leave that traffic jam filled state.

Can only return for a nice fat pay.

Till then we upskill and wait.

Glithronix:
It is understandable for newly built houses (though, not justified), but what about those who built their houses when cement was N500?
We're really doing ourselves in this country.
It is well.

When cement was N500, a bag of rice was less than N1,500 naira. If they lower rents, will rice sellers lower prices from N130,000 so they can afford to buy food cheaper?

Kobicove:




So if you want to maintain or renovate a house that was built in 1980 are they going to sell cement and other building materials to you at 1980 prices?

On point.

Scholarforlife:
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Omo oniles (land grabbers)
Agberos (motor park touts)

Omo oniles are landowners better as (indigenous)

Land grabbers are (ajagun gbale)

Pelicanbrief:
Good development. All the ewedu skvll miners should get ready to return back to ogbomosho because they obviously cannot pay rent to their Igbo landlords