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‘₦900,000 For A Single Room, We Work All Year To Pay Rent’ – Residents Lament Lagos Housing Costs

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Residents of Lagos State are grappling with what many describe as an unprecedented surge in house rents, as accommodation costs across the metropolis continue to skyrocket amid worsening living conditions.

Findings across several neighbourhoods revealed that tenants now pay between ₦1.5 million and ₦2.5 million annually for single rooms and self-contained apartments, many of which lack potable water, proper sanitation, stable electricity and effective waste disposal systems.

The rising cost of housing has compounded hardship for low and middle-income earners already burdened by inflation, high transport fares and stagnant wages.

For many residents, shelter, once considered a basic necessity, has become a daily struggle defined by uncertainty, displacement and financial strain.

High Cost, Poor Quality

From mainland communities to emerging suburbs, complaints of arbitrary rent increases and deteriorating housing standards have become widespread.

In expanding residential corridors such as Ikorodu, Ajah and parts of the mainland, accommodation prices have surged far beyond the reach of the average worker. Single rooms in crowded compounds now command prices previously reserved for full apartments.

Many tenants rely on water vendors, share toilets with multiple households and endure erratic electricity supply. In some cases, residents walk long distances to access water, while drainage failures leave compounds flooded during the rainy season.

Despite these realities, landlords continue to impose rent reviews without consultation or visible improvements.

Housing analysts say the imbalance has worsened as demand continues to outstrip supply, particularly in areas where affordable housing development remains slow.

I Pay ₦900,000 Every Year

Funke Olamide, a trader residing in Ikorodu, told Daily Post that her annual rent no longer reflects basic human dignity.

“I pay ₦900,000 every year for just one room, not even a self-contained apartment, and there is absolutely nothing to justify that amount,” she said.

“There is no running water in this compound, so every morning, before I even think of going to my shop, I must buy water. During the rainy season, the place floods, mosquitoes are everywhere, and nobody cares.

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“If you complain, they will tell you to pack out. At times, I ask myself whether we are paying rent for a house or just paying because we have no other option,” she lamented.

Another resident, Adeyemi, a commercial driver, described the situation as degrading.

“The painful part is not even the money alone; it is what you are forced to endure after paying. We share one toilet among many tenants, and most times it is broken.

“The roof leaks when it rains, and when we complain, the landlord says repairs are expensive. Yet, every year, they add more money to the rent. It feels like tenants are suffering in silence because Lagos does not give you alternatives,” he said.

80% Rent Hikes, No Renovation

Tenants also decried the frequency and scale of rent increases, alleging hikes of between 60 and 80 per cent within a single year.

According to residents, these increments are often announced abruptly as tenancy agreements expire, with no corresponding repairs or upgrades.

A 51-year-old private school teacher, Tunde Babalola, said rent has become a lifelong burden.

“I earn ₦120,000 monthly, but my annual rent is ₦750,000. If you calculate it properly, you will see that I work almost the whole year just to pay rent.

“After transport, feeding, and helping my family, there is nothing left. Sometimes, I delay hospital visits because I cannot afford it. This is not how life should be,” he told journalists.

A single mother, Funmilayo Bidemi, said the pressure of rent renewal takes a toll on her mental health.

“Each time my rent is about to expire, I lose sleep. I start calculating how to borrow, who to beg, and what to sell. The landlord does not care whether your salary has increased or not.

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“They will just inform you of the new amount. Even my children feel the pressure because sometimes we have to reduce food or school expenses just to meet rent demands,” she said.

Traders, Shop Owners Also Hit

The crisis extends beyond residential tenants. Shop owners and small-scale business operators across Lagos say spiralling rent costs are squeezing their livelihoods.

In commercial hubs such as Yaba and densely populated areas like Mushin, traders report sudden increases without prior notice or improvement to business premises.

A tailor in Yaba, Sola Ibrahim, recounted his experience. He said, “My rent was ₦200,000 but suddenly, they increased it to ₦550,000 without any explanation. Nothing changed in the shop. When we asked why, the answer was that ‘things are expensive.’

“But tenants are also affected by the same economy. It feels like landlords are passing all the hardship to us.”

Michael Abiodun, a phone accessories dealer, criticised the short notice often given to tenants.

“They gave us barely two weeks’ notice. How do you raise such money in two weeks? When we begged for time, they said if we can’t pay, we should leave.

“I have lived here for years, but sometimes you are treated as if you don’t matter. There is no protection for tenants,” he added.

The rent surge has been attributed to multiple factors, including rising construction costs, population growth and inadequate housing supply.

The removal of fuel subsidy has pushed up transportation and logistics expenses, impacting building materials and maintenance costs. Prices of cement, iron rods, roofing sheets, sand and land have also increased sharply in recent years.

Urban planners note that Lagos’ rapidly expanding population, coupled with slow delivery of affordable housing projects, has created a market where landlords wield significant power.

The continued practice of demanding one or two years’ rent upfront, despite previous opposition by the Lagos State Government, remains widespread, deepening tenants’ financial vulnerability.

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Residents Eye Ogun Relocation

It was reports that as pressure mounts, many residents are considering relocation to neighbouring states such as Ogun State, where rents are comparatively lower.

A 25-year-old hairstylist, Blessing Nwankwo, said Lagos is gradually becoming hostile to low-income earners.

“What I pay for a single room in Lagos can get me a two-bedroom flat in Ogun State. I love Lagos because it is where my customers are, but the cost of living is choking.

“I’m now planning to leave, not because I want to, but because I am being forced out. Lagos is becoming a city only for the rich,” she said.

A technician, Agada Peter, who recently relocated his family outside Lagos, said daily commuting has become his survival strategy.

“I work in Lagos, but I can no longer afford to live here with my family. So I moved them out and now travel long distances every day.

“It is stressful, but at least my rent is affordable. Lagos has turned housing into a luxury instead of a basic need,” he said.

Naija News reports that the Lagos State Government has repeatedly warned against exploitative rent practices and illegal demands, including compulsory two-year advance payments.

However, tenants argue that enforcement remains weak, allowing landlords and agents to operate with little restraint.

Efforts to obtain an updated response from state officials on rent control measures were unsuccessful as of the time of filing this report.

As the crisis deepens, residents say urgent intervention is required to prevent further displacement and restore housing to its rightful place as a fundamental human need rather than a privilege reserved for the wealthy.

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Reps order IG to produce fake, PFIPC agency DG Adeyemi within 48 hours

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The House of Representatives Committee investigating the operations of the controversial Presidential Foreign Investment Promotion Council has directed the Inspector-General of Police, Olatunji Disu, to produce the self-acclaimed Director-General of the organisation, Adeyemi Adeniyi, before it on Wednesday.

The directive was issued on Monday during the resumed investigative hearing at the National Assembly Complex, Abuja.

Representing the IG, Assistant Commissioner of Police, Bashir Abdullahi, appeared before the committee and was instructed to ensure Adeyemi’s appearance by noon on Wednesday to assist lawmakers in their ongoing investigation into the activities of the organisation.

The committee is probing the circumstances under which the PFIPC, despite not being legally established, allegedly secured office accommodation in Phase III of the Federal Secretariat Complex in Abuja and received a budgetary allocation of ₦1.32bn in the 2026 Appropriation Act.

The directive followed the Nigeria Police Force’s confirmation of key aspects of its criminal investigation, including petitions from the Office of the Chief of Staff to the President alleging that Adeyemi fraudulently presented himself as the Director-General of both the Presidential Economic Advisory Council and the Presidential Foreign Investment Promotion Council.

The Committee Chairman, Yusuf Gagdi, said Adeyemi’s appearance had become imperative given the seriousness of the allegations and the institutions implicated in the matter.

“This committee clearly needs the suspected DG to appear before this committee. People’s names are involved. People’s integrity are involved. Institutional names are involved. Institutional integrity is involved.

“It is not an option now. We will need him here to confirm some documents to us in such a way that will not undermine our investigation to enable us to submit our report on time,” Gagdi said.

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The committee subsequently directed its clerk to formally communicate its resolution to the Inspector-General of Police.

“The committee hereby resolves that the Inspector-General of Police of the Federal Republic of Nigeria do kindly present Mr Adeyemi on Wednesday by 12 noon. That is the ruling of the committee,” Gagdi declared.

Earlier, ACP Abdullahi informed lawmakers that although investigations were ongoing, the police had already filed an eight-count charge against Adeyemi before the Federal High Court.

“The Nigerian Police Force investigated part of this case late last year and filed eight-count charges before a Federal High Court. The case is ongoing,” he said.

He disclosed that the suspect had been arrested and arraigned, but cautioned against making public disclosures that could prejudice the ongoing investigation or judicial proceedings.

“We don’t want to say things that are under investigation. It is definitely going to prejudice the ongoing investigation and make people have opinions that may prejudge the outcome of an investigation or judicial decision,” Abdullahi stated.

Despite the police’s reservations, the committee sought confirmation of documentary evidence already in its possession.

The police confirmed that on October 17, 2025, the Office of the Chief of Staff to the President petitioned security agencies over allegations against Adeyemi, prompting investigations that culminated in criminal charges bordering on conspiracy and fraud.

Investigators also confirmed receiving another petition alleging that Adeyemi falsely presented himself as the Director-General of both the Presidential Economic Advisory Council and the Presidential Foreign Investment Promotion Council.

According to the police, the petition alleged that Adeyemi used the purported office to obtain accommodation within the Federal Secretariat, sought approval to recruit about 300 personnel, attempted to secure a $1.3 billion allocation in the 2026 Appropriation Act for the non-existent agency, and planned to organise a World Investment Summit under the platform of the purported council.

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One of the highlights of the hearing came when the committee compared signatures on documents allegedly issued from the Office of the Chief of Staff to the President with signatures on authentic official correspondence obtained by the police.

When asked whether the signatures matched, the police witness responded unequivocally,”They are not the same.”

The committee said the discrepancy reinforced concerns that official State House documents may have been forged.

Gagdi further asked, “So, it is not only a letter that was suspected to be forged? We are dealing with documents that include what is said to be a forged Act of the National Assembly in an attempt to establish a fake agency,” he added.

Gagdi disclosed that investigators had identified about 29 allegedly forged documents, including purported approvals from the State House, the Office of the Head of the Civil Service of the Federation, the Office of the Secretary to the Government of the Federation, the Ministry of Finance and several other government institutions.

According to him, representatives of many of the affected agencies had already appeared before the committee and disowned the documents attributed to their offices.

Gagdi, however, stressed that the committee had deliberately avoided compelling the police to disclose information that could compromise ongoing criminal investigations.

“We are avoiding a situation whereby they will be pushed to make statements that will undermine their ongoing investigation,” he added.

He assured that the House investigation would continue independently and that its final report could recommend further action by relevant security agencies.

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Forged state house letter used to create fake PFIPC agency, Acct-General reveals

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The House of Representatives’ investigation into the operations of the controversial Presidential Foreign Investment Promotion Council took a dramatic turn on Monday after the Accountant-General of the Federation, Shamseldeen Ogunjimi, revealed that a forged State House letter was used to obtain official government recognition for the ‘fake’ agency.

Appearing before the House Ad Hoc Committee probing the circumstances surrounding the establishment and operations of the council, Ogunjimi disclosed that the Office of the Accountant-General acted on what appeared to be an authentic correspondence from the presidency requesting the creation of an administrative code for the PIFPC, only for investigations to later establish that the letter did not originate from the State House.

The revelation is the latest in a series of disclosures before the committee, which is investigating how a non-existent presidential agency allegedly secured office accommodation in the Federal Secretariat, sought budgetary allocations, recruited personnel and obtained official government recognition through what investigators believe were forged documents.

Presenting his report, Ogunjimi said the Office of the Accountant-General first interacted with the purported council in November 2024.

According to him, “a letter dated November 7, 2024, bearing a State House reference number, requested the creation of an administrative code for the Presidential Economic Advisory Council to facilitate budgeting, accounting and financial reporting.”

He explained that, in line with established procedures, “the Office of the Accountant-General processed the request, created the administrative code and communicated its approval to the State House,” with a copy sent to the Office of the Auditor-General for the Federation.

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Following that approval, the office received additional requests from the purported council, including applications for self-accounting status, deployment of personnel, opening of Treasury Single Account and domiciliary accounts, as well as funding approvals.

Ogunjimi, however, stressed that although some administrative processes were carried out, no public funds were ever released to the council.

“It is important to note that no funds were released under salaries, overhead, capital, or any form of intervention or special allocation to the council,” Ogunjimi told the committee.

He further disclosed that while the council requested an establishment grant of ₦27.4bn, the application was rejected because there was no budgetary provision for such expenditure.

The Accountant-General also explained that although the Central Bank of Nigeria opened two domiciliary accounts for the organisation to receive inflows, the accounts never became operational because the council failed to satisfy the regulatory conditions required for their activation.

Lawmakers expressed concern over how the purported agency was able to navigate several layers of government bureaucracy without raising suspicion.

Responding, Ogunjimi made what committee members described as one of the most significant revelations of the hearing.

“The letter that was received by the Treasury was respectfully addressed as coming from the State House. That letter was never issued by the State House”, he said

The disclosure prompted members of the committee to conclude that a “hijacked” State House letter had allegedly been used to mislead government institutions into processing official requests for an agency that had no legal existence.

The committee also questioned how civil servants originally posted to the Office of the Chief Economic Adviser to the President eventually became attached to the purported council without the knowledge of the Office of the Accountant-General.

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Ogunjimi explained that two officers deployed to the Office of the Chief Economic Adviser in 2010 and 2013 remained in the office after it was allegedly taken over by the new council, but no formal communication was sent to the treasury notifying it of any change.

“It was never assumed or written to us that those two officers were being taken over. The staff also never reported to the office to say that another council had taken over the office and the name had changed. As far as I was concerned, we were dealing with a new agency, not the Office of the Chief Economic Adviser,” he said.

He further disclosed that when the purported council later requested the deployment of five additional officers, the treasury approved only three after determining that the organisation’s size did not justify the number requested.

“It was when all this matter came to light that I got to know that two of our staff were actually working or being absorbed by the agency. We never knew. We believed, based on the records available to us, that those officers were still with the Office of the Chief Economic Adviser,” he added.

The ongoing House investigation centres on allegations that forged presidential approvals, counterfeit State House correspondence, fake Acts of the National Assembly and other falsified government documents were used to create and operate the purported Presidential Foreign Investment Promotion Council and the Presidential Economic Advisory Council.

The committee has already heard evidence from the Nigeria Police Force, which confirmed that criminal charges bordering on conspiracy and fraud have been filed against the prime suspect, Adeyemi Adeniyi, at the Federal High Court.

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At its sitting on Monday, the committee also directed the Inspector-General of Police to produce Adeyemi before lawmakers by noon on Wednesday to answer questions relating to the alleged forgery of official government documents and the operations of the purported presidential agency.

The committee is expected to conclude its investigation with recommendations on possible administrative, legislative and criminal actions against those found culpable.

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See full list of African countries that do not need proof of funds for UK’s student visa

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The United Kingdom on Monday updated its financial requirements for applicants seeking Student and Child Student visas, retaining stricter evidence rules while exempting nationals of only three African countries from submitting proof of funds at the point of application.

The updated guidance, published by the UK government on its website, listed Botswana, Mauritius and Tunisia as the only African countries whose nationals will not be required to provide financial evidence upfront unless requested during the visa decision-making process.

Other countries on the exemption list include Australia, Canada, China, Japan, New Zealand, Singapore, the United States, France, Germany, Italy, Spain, the United Arab Emirates and Qatar, among others.

Despite the exemption, the UK clarified that applicants from the listed countries must still meet all financial requirements and could be asked to provide evidence during the application process.

The guidance stated, “You must meet the financial requirements for this route when you apply; however, you may not need to submit evidence upfront as part of your application. In these circumstances, the decision maker may still request the evidence from you during the application process to prove you meet the financial requirements.”

The development means applicants from major African source countries for UK education, including Nigeria, Ghana, Kenya, South Africa, Egypt and others not listed, will continue to submit financial documents as part of their visa applications.

Under the revised rules, applicants for a Student visa must demonstrate they have sufficient funds to cover tuition fees as stated on their Confirmation of Acceptance for Studies and living expenses.

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Students studying outside London are required to show they have £1,171 for each month of their course, up to a maximum of nine months, while those studying in London must show £1,529 per month for the same period.

Applicants travelling with dependants must also show additional funds. Those studying outside London must have £680 per month for each dependant, while applicants studying in London must show £845 monthly for each dependant, both for up to nine months.

For Child Student visa applicants, the required maintenance funds vary depending on their living arrangements, including boarding school accommodation, foster care, residence with parents or legal guardians, or independent living for eligible 16 and 17-year-olds.

The UK government also outlined acceptable sources of funds, including government-backed student loans, official financial sponsorship, personal savings and money belonging to parents or eligible partners.

However, it said applicants cannot rely on overdrafts, cryptocurrency holdings, stocks and shares, pensions or funds kept in unregulated financial institutions.

The guidance further requires applicants using personal or family funds to show that the required amount has been held for at least 28 consecutive days before the application, with financial evidence dated no more than 31 days before submission.

The UK also maintained exemptions from providing financial evidence for certain categories of applicants, including those applying to extend their stay after spending at least 12 months in the country on a valid visa, Student Union Sabbatical Officers, doctors and dentists in training, and applicants whose nationality qualifies for the reduced documentary requirement.

The latest update comes as the UK continues to tighten oversight of its international student visa system while maintaining financial eligibility requirements for prospective students seeking to study in the country.

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