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In Lagos, some tenants are starting the year with a harsh ultimatum; pay double your rent or move out.
With inflation at 34.8% and housing already consuming up to 60% of household income, many are struggling to keep up.
Meanwhile, landlords report 80% of their tenants are defaulting and investors are abandoning the buy-to-let market due to poor returns.
What’s driving this rental crisis and how is it impacting everyday Nigerians?
By BBC World Service4.8
170170 ratings
In Lagos, some tenants are starting the year with a harsh ultimatum; pay double your rent or move out.
With inflation at 34.8% and housing already consuming up to 60% of household income, many are struggling to keep up.
Meanwhile, landlords report 80% of their tenants are defaulting and investors are abandoning the buy-to-let market due to poor returns.
What’s driving this rental crisis and how is it impacting everyday Nigerians?

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