Nigerians are increasingly struggling with skyrocketing apartment rents in major cities, as the cost of living far outpaces wages.
In Lagos and Abuja, two-bedroom flats now rent for between ₦1.5 million and ₦4 million per year, with upfront payments, agent fees, and legal charges pushing total costs to ₦2.5 million–₦6 million.
These figures dwarf Nigeria’s national minimum wage of ₦70,000 per month and exceed the average annual salary of ₦2.75–₦3.4 million. Sudden rent hikes of 50–70% are forcing families to negotiate concessions, relocate to villages, or share accommodations.
Housing experts estimate Nigeria faces a deficit of 15–20 million units, and critics blame landlords, agents, and market manipulation for inflating demand and rental costs.
Social media users have voiced their frustration:
- @_ellaru tweeted: “A salary of 200k which is 2.4M a year can’t get you a good apartment on the mainland still. And that’s if you keep the entire salary without spending out of it.”
- @Morris_Monye said: “I believe the Lagos rent bubble will burst soon. Lagosians simply don’t earn enough to afford such rent.”
- @lanreadelowo added: “We need more housing in Lagos tbh. Like an awful lot more. Seeing people work all year round and struggling to meet up with rent is insane…”
- @thatguytelvin commented: “It’s becoming abnormal at this point! If you want a really comfortable apartment in Lagos now you must have millions of naira… after the first year they move out. This is not life tbh.”
In Abuja, @Nedumcity shared: “I was told my 1.5m can’t get me a 2-bedroom empty apartment in Wuse. I was told to come with 3m. After paying, I will still pay crazy agency, legal, and caution fees that add another 20–30% on top.”
Government Inaction Under Scrutiny
Ayodele Adio, founder of Fair Housing, accused the Lagos State government of ignoring the deepening housing crisis. Speaking on ARISE News, he noted that middle- and working-class residents are being priced out by luxury developments and soaring rents.
Adio said: “Housing in Lagos has shifted from being a public good to a tradable commodity. Working and middle-income people are now having the short end of the stick without an ability to cope with the rent hikes. It’s almost impossible for people in my generation to own a home in Lagos State.”
He criticized public-private partnerships that favor luxury housing, leaving most residents excluded. Adio warned of social consequences, saying: “Property and land are the most important engines for wealth creation. When you exclude people, you remove the ladder they are supposed to climb.”
Proposed solutions include rent caps tied to inflation, stricter regulation of short-term rentals, and mandated affordable units in luxury developments. Experts argue that only political will and policy-driven measures can ease Nigeria’s housing affordability crisis.
