Is Nigeria’s doubling rental market pushing tenants out?
Some tenants are being forced to pay 100% more in rent
Africa Daily · BBC World Service
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Show Notes
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? BBC Africa Daily’s Alan Kasujja spoke to BBC journalist Bisi Adebayo who’s been following the story and Deyo, a tenant in Lagos navigating the fallout first hand.