NewStats: 3,264,892 , 8,185,020 topics. Date: Thursday, 12 June 2025 at 05:53 PM 1033f

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

Those that rent out old and dilapidated houses at outrageous amount too bought cement at 10k?

Oh God here the chest beaters go again.

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

Landlords visit the same markets, buy the same goods, use the same network providers, pay for the same bills etc.
Of course, it is only normal for them to increase their rent based on the inflation rate and purchasing power of the naira.

What the government should do instead is compel companies to increase the salary of their staff to meet the current rates.

Minimum wage increase should work alongside increase in salary for all, not just those below the new minimum wage.

For example, if I earn 150k before as an office worker, I shouldnt keep earning that while a gateman that was earning 35k now earns 80k.

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?

Maintain what? E be like sey you just come Lagos.

My landlord hasn't done a single thing in that place since I moved in. Every single issue that arises, it's we the tennants that have been fixing it. Uncle doesn't even come around, but when it's time to collect rent, you'll just see the lawyer's call with big big English.

Since I moved in, rent has been increased twice without any justification. When you ask him why, he'll say you should pay up or move out. Me? I kukuma have been showing both him and his lawyer better pepper.

I get time for nonsense?

#Picks_tooth.

laivwire:
In more developed climes, people live in Abuja and come to work in Lagos every weekday. Why we can't have express transport from Ibadan to Lagos at this time is still so strange to me.

Real estate prices will continue surging in Lagos, ain't nothing you can do about it. Land reclamation alone will put new lands in the hinterlands at tens of millions.

How do you secure the lives of those that will board the train? Terrorists go kwukwuma kidnap them. You dey talk of express train service from Ibadan to Lagos for Nigeria? Ordinary Internet network availability na rocket science for Nigeria

Its every where but brutal in major cities, a friend in karu abj had hid rent moved from 450 to 600 to 1.2m in less than 1 year.

Most places are recording over 100% increase even for houses built 30 years ago. Blood sucking Nigerian landlords.

spyder880:


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?

Boss, if increasing the rent outrageously and 'inconsiderably' is ONLY what puts food on the table for them, that means we just dey start be that.
Rent would be reviewed every year?
If the house collapsed, the owner go commit suicide be that.
May God help us in this country.

Much respect, sir.

zombieHUNTER:
Please don't blame inflation

Blame it on the great Tinubulation

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 , owo Eko, Eko lo ngbe.
Money made in Lagos is spent in Lagos.

The EVIL and STUPIDITY you all created will consume you all eventually.

To the Poor, To rent One Room in Lagos will soon be like you have ented a Mansion very soon

Make una continue.

Glithronix:

Boss, if increasing the rent outrageously and 'inconsiderably' is ONLY what puts food on the table for them, that means we just dey start be that.
Rent would be reviewed every year?
If the house collapsed, the owner go commit suicide be that.
May God help us in this country.

Much respect, sir.

My brother, things are very hard for everyone in this country now. But God will come to our aid. Thank you bro.

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

Agents do not increase house rents. Perhaps a very tiny portion of them preadvice the landlords about a higher rent value of an apartment than it should actually be.

Agents only earn percentage.

The cheaper or reasonably priced the property is the easier it is to rent out.

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.

Stop getting unnecessarily emotional, land is a fixed asset, never depreciate, infact appreciate in value, over a long period of time.
Landed property is an investment, even if the house was built when cement was 50 naira, how many people were able to build at that period?.

ravensckar:
Maintain what? E be like sey you just come Lagos.

My landlord hasn't done a single thing in that place since I moved in. Every single issue that arises, it's we the tennants that have been fixing it. Uncle doesn't even come around, but when it's time to collect rent, you'll just see the lawyer's call with big big English.

Since I moved in, rent has been increased twice without any justification. When you ask him why, he'll say you should pay up or move out. Me? I kukuma have been showing both him and his lawyer better pepper.

I get time for nonsense?

#Picks_tooth.

abeg, which pepper you dey show them, make we learn from you...

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

Lol
I'm a boss

Glithronix:

Boss, if increasing the rent outrageously and 'inconsiderably' is ONLY what puts food on the table for them, that means we just dey start be that.
Rent would be reviewed every year?
If the house collapsed, the owner go commit suicide be that.
May God help us in this country.

Much respect, sir.

There is nothing strange or weird in someone depending on only his properties generating rents as an only means of income.

Real Estate is a serious level of investment.

Same way a tailor depends on only her hands to sew clothes.

LagosOrigin:

Lol
I'm a boss

boss of cable and charge seller Abi

shegz24:
Landlords visit the same markets, buy the same goods, use the same network providers, pay for the same bills etc.
Of course, it is only normal for them to increase their rent based on the inflation rate and purchasing power of the naira.

What the government should do instead is compel companies to increase the salary of their staff to meet the current rates.

Minimum wage increase should work alongside increase in salary for all, not just those below the new minimum wage.

For example, if I earn 150k before as an office worker, I shouldnt keep earning that while a gateman that was earning 35k now earns 80k.

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 !

I don't have a problem with landlords increasing the cost of rent to reflect the general inflationary pressures. The main issue is that while Dangote, food traders, and many others are beginning to reduce the prices of their commodities, will landlords also agree to reduce the cost of rent? This is the main issue. There should be a way to regulate this sector, but the government and its agents are more interested in ing and hyping bills... bills they'll never implement.

Wasn't it just a few years ago that the Lagos State House of Assembly ed a bill that rents should be collected on a monthly basis? Everyone involved in that bill have simply moved on because they don't have to pay rent to anybody.

Its greed not inflation

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.

High rent is everywhere in the country. Not just Lagos this

laivwire:
In more developed climes, people live in Abuja and come to work in Lagos every weekday. Why we can't have express transport from Ibadan to Lagos at this time is still so strange to me.

Real estate prices will continue surging in Lagos, ain't nothing you can do about it. Land reclamation alone will put new lands in the hinterlands at tens of millions.

Seriously? Where in the world do people travel more than 800km daily to work?

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.

Cost of maintenance

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.

Hemanwel:
Which inflation or economic crisis are we still talking about, nitori olohun!

I thought they said:

- the prices of essential food commodities have dropped in the market.

- the naira is gaining strength against the dollar in both the parallel market and the NFEM and that it is now N1499 a dollar.

- Prices of PMS is dropping daily.

- CBN'S foreign reserve is on the highest increase in a long while.

So, why is house rent increase inversely proportional to improving economy?

😂
Everything na propaganda and lies.

DeOTR:

Seriously? Where in the world do people travel more than 800km daily to work?

At least where I live for sure. The cost of renting a place in the city is far costlier than a monthly for an express train to and fro 31 days of the month over 1000km. The journey also takes approximately 2hrs. Leave by 6am, arrive office before 9am. Same in the evening.

laivwire:

At least where I live for sure. The cost of renting a place in the city is far costlier than a monthly for an express train to and fro 31 days of the month over 1000km. The journey also takes approximately 2hrs. Leave by 6am, arrive office before 9am. Same in the evening.

That's too stressful. I don't think I can spend 2 hours on transit and still do anything that day.

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 , owo Eko, Eko lo ngbe.
Money made in Lagos is spent in Lagos.

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?

Lagos is a tiny space with too much population demand determines price when it’s more than supply artificial scarcity price will go up

DeOTR:

That's too stressful. I don't think I can spend 2 hours on transit and still do anything that day.

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.

calabaman:
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.

You better start farming where you are?

A landlord spotted.

shegz24:
Landlords visit the same markets, buy the same goods, use the same network providers, pay for the same bills etc.
Of course, it is only normal for them to increase their rent based on the inflation rate and purchasing power of the naira.

What the government should do instead is compel companies to increase the salary of their staff to meet the current rates.

Minimum wage increase should work alongside increase in salary for all, not just those below the new minimum wage.

For example, if I earn 150k before as an office worker, I shouldnt keep earning that while a gateman that was earning 35k now earns 80k.

laivwire:

At least where I live for sure. The cost of renting a place in the city is far costlier than a monthly for an express train to and fro 31 days of the month over 1000km. The journey also takes approximately 2hrs. Leave by 6am, arrive office before 9am. Same in the evening.

Are you married?