Lagos renters struggle as landlords pass down the burden of Nigeria’s worsening economic crisis, pushing residents further out.
With over 20 million people, the city already faced housing shortages, but economic reforms have intensified the crisis.
The removal of fuel subsidies and the naira’s devaluation have caused inflation to soar, impacting both rich and low-income renters.
In Lekki, cookbook author Yemisi Odusanya faces a 120 percent rent hike, while transport worker Bartholomew Idowu plans to move.
Middle-class tenants also suffer, with some forced to relocate to cheaper areas, disrupting children’s education and work commutes.
Legal protections exist, but lawyers note landlords often impose increases without negotiation, leading to rising disputes.
High interest rates, regulatory bottlenecks, and dollar-linked expenses make homeownership unattainable for many Nigerians.
Luxury developments continue rising, but affordable housing remains scarce, widening the gap between rich and poor renters.
Real estate experts warn rent hikes of up to 200 percent are common, urging government intervention to stabilize the market.
