Tag: Abuja

Dangote Cement to Host Side Event and Housing Industry Stakeholders’ Engagement as Power Sponsor of AIHS 2026

Dangote Cement Plc, Africa’s leading cement manufacturer, has confirmed plans to host…

Taiwo Ajayi May 25, 2026

FG Targets Makoko, Gishiri, Others for Slum Upgrade Under Urban Renewal Plan

Nigeria’s Minister of Housing and Urban Development, Muttaqha Darma, has reaffirmed the…

Taiwo Ajayi May 18, 2026

AIHS Housing CEOs Forum 2026: Financing Africa’s Housing Transformation Through Partnerships and Innovation

A Premier Executive Platform for Africa’s Housing Future The Africa International Housing…

Taiwo Ajayi May 17, 2026

IGP Supports Plan for 3,000 New Police Stations Nationwide

The Inspector-General of Police, Olatunji Disu, has backed calls for the construction…

Taiwo Ajayi May 15, 2026

FG Faults Wrong Use of Tinubu’s Official Title, Issues Clarification

The Federal Government has raised concerns over what it described as repeated…

Taiwo Ajayi May 8, 2026

NIESV Urges FG to Boost Affordable Housing to Curb Rising Rents

The President and Chairman of Council of the Nigerian Institution of Estate…

Taiwo Ajayi May 7, 2026

Tinubu Approves Abuja Land for Foreign Envoys as Wike Pushes Investment Drive

Tinubu Approves Abuja Land for Foreign Envoys as Wike Pushes Investment Drive

The Federal Capital Territory (FCT) Minister, Nyesom Wike, has announced that President…

Taiwo Ajayi April 29, 2026

Residents of Abuja are increasingly struggling to cope with rising living costs, as a monthly income of ₦300,000—once considered comfortable—loses its purchasing power. Amid persistent inflation and rising fuel prices, many workers in the Federal Capital Territory say their salaries are now barely sufficient to cover basic needs, leaving little or nothing for savings. For civil servants and private sector employees alike, monthly earnings are largely consumed by fixed expenses such as rent, transportation, and food, forcing households into a cycle of financial strain. “We don’t really eat like before. Meat is now occasional. You plan meals like a budget document,” said Grace Utaru, a civil servant in Abuja. Another resident, Abdulrasak Babandede, who commutes from Suleja, described the situation as overwhelming. According to him, by the time rent and transport costs are settled, little remains from his income. The rising cost of housing remains one of the biggest financial pressures. In areas such as Lugbe, Kubwa, and Gwarinpa, annual rent for a modest one-bedroom apartment ranges between ₦800,000 and ₦1.5 million. When broken down monthly, rent alone can take up as much as 40 percent of a worker’s salary, excluding additional charges like agency fees and service costs. This is further complicated by Nigeria’s upfront rent payment structure, which places heavy financial demands on tenants. Experts say the widening gap between income levels and housing costs is driven by limited supply, high construction costs, and inflationary pressures. Transportation is another major burden. Workers commuting daily from satellite towns to business districts report spending between ₦40,000 and ₦60,000 monthly on transport, largely due to rising fuel prices. Energy costs also continue to climb. With unreliable public power supply, many households now spend between ₦30,000 and ₦70,000 monthly on electricity and generator fuel. Food inflation has added to the pressure. A family of four now spends between ₦120,000 and ₦180,000 monthly on food, forcing many households to cut back on protein and adopt cheaper meal options. Development economists warn that when essential expenses—housing, food, transport, and energy—consume the bulk of income, households are left with little capacity to save or withstand financial shocks. This comes despite recent government efforts to improve wages. In 2024, President Bola Ahmed Tinubu approved a ₦70,000 minimum wage, with a promise of periodic review. However, data from the National Bureau of Statistics shows that inflation remains elevated, eroding real income and weakening purchasing power across the country. Analysts say unless inflation slows significantly and wages adjust accordingly, more urban households could slip deeper into financial vulnerability. The situation highlights a growing reality in Nigeria’s cities: earning what was once considered a stable income is no longer enough to guarantee financial security.

N300,000 Salary No Longer Enough in Abuja as Living Costs Rise

Residents of Abuja are increasingly struggling to cope with rising living costs,…

Taiwo Ajayi April 17, 2026

SOLAP Group Unveils Beryl Housing Project in Guzape, Abuja

Solap Signature Properties Limited has officially unveiled its Beryl Housing Project in…

Taiwo Ajayi April 11, 2026

Over 1,000 Housing Ministry Officials Retired in Two Years — Dangiwa

The Minister of Housing and Urban Development, Ahmed Musa Dangiwa, has disclosed…

Taiwo Ajayi February 27, 2026