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Is Nigeria鈥檚 doubling rental market pushing tenants out?

Landlords are also grappling with rising defaults and economic pressures

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鈥檚 driving this rental crisis and how is it impacting everyday Nigerians?

大象传媒 Africa Daily鈥檚 Alan Kasujja spoke to 大象传媒 journalist Bisi Adebayo who鈥檚 been following the story and Deyo, a tenant in Lagos navigating the fallout first hand.

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17 minutes

Podcast