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Africa Daily

Is Nigeria’s doubling rental market pushing tenants out?

Jan 17, 2025
17:12

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.

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