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Nigerians Displaced As Rents Double in Inflation-Hit Lagos

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allAfrica

Nigerians Displaced As Rents Double in Inflation-Hit Lagos

15 hours ago·South Africa

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Punch Newspapers

Inflation drives Lagos rent crisis, residents forced to move

Nigeria's economic crisis is hitting renters in Lagos hard as landlords pass down the costs of spiraling inflation -- pushing residents further out, upending children's education, and adding to workers' already infamous commutes.

20 hours ago

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Zikoko!

“Three Kidnapping Experiences Made Me Relocate to the UK, But the Move Came With Regrets” – Abroad Life

The Nigerian experience is physical, emotional, and sometimes international. No one knows it better than our features on #TheAbroadLife, a series where we detail and explore Nigerian experiences while living abroad. When Akin (55) witnessed three kidnappings in his estate, he knew he was no longer safe, and he made the life-changing decision to flee Nigeria with his family. In this episode of Abroad Life, he shares how he abandoned everything …

16 hours ago

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RainSMediaRadio

Soaring Inflation Sparks Lagos Rental Crisis, Forcing Residents to Relocate

The rising cost of living in Nigeria has taken a heavy toll on Lagos residents, as inflation continues to drive a rental crisis in the country's commercial hub. Many tenants are forced to vacate their homes due to skyrocketing rent prices, leading to a surge in relocations to cheaper neighborhoods and even out-of-state migrations.Property owners in high-demand areas such as Lekki, Ikeja, and Surulere have reportedly increased rent by as much as …

18 hours ago

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Business Elites Africa

What is Happening? Lagos Rents Double, Forcing Nigerians Out

Something is shifting in Lagos, and it’s not for the better. Across the city, rents are soaring at an alarming rate, pushing many Nigerians out of their homes. Families that once lived comfortably in bustling neighborhoods now face tough choices—either stretch their finances to the limit or relocate to areas with fewer opportunities and higher transportation … The post What is Happening? Lagos Rents Double, Forcing Nigerians Out appeared first o…

20 hours ago

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Legit.ng - Nigeria news.

+2 Reposted by 2 other sources

Nigerians displaced as rents double in inflation-hit Lagos

Nigeria's economic crisis is hitting renters in Lagos hard as landlords pass down the costs of spiralling inflation -- pushing residents further out, upending children's education and adding to workers' already infamous commutes. With leases typically paid up front for anywhere between one and three years, both landlords and renters try to negotiate a good deal to hedge against inflation.

21 hours ago·Ikeja, Nigeria

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