Nigerians are voicing growing frustration over escalating house rents in major cities, particularly Lagos and Abuja, where apartment prices have surged far beyond the reach of average income earners.
In Lagos areas such as Lekki and Surulere, annual rents for two-bedroom apartments now range between ₦1.5 million and ₦4 million. When agency fees, legal charges, and caution deposits are added, total upfront payments climb to between ₦2.5 million and ₦6 million. These figures sharply contrast with the national minimum wage of ₦70,000 per month and average annual earnings estimated at ₦2.75 million to ₦3.4 million.
Many tenants report sudden rent increases of 50 to 70 percent, forcing families to renegotiate terms, relocate to less urban areas, share apartments, or return to their hometowns. Analysts attribute the crisis partly to Nigeria’s housing deficit, estimated at 15 to 20 million units nationwide, alongside speculative practices by landlords and property agents.
Citizens are increasingly calling for policy interventions, including rent regulation, expanded mass housing schemes, and improved transportation networks to ease pressure on city centers. While the federal government has outlined strategies aimed at bridging the housing gap, critics argue implementation remains slow relative to demand.
The issue has triggered widespread reactions on social media. Users lament that even salaries of ₦200,000 per month are insufficient to secure decent accommodation. Others predict a potential market correction, arguing that incomes in Lagos cannot sustainably support current rent levels. Many describe the situation as economically unsustainable, warning that without structural reforms, the affordability crisis will deepen further.
