"Lagos is one of the African continent's most powerful financial, cultural and entertainment centres. Its energy and vibrant nightlife earned it a reputation as a city that never sleeps."
"Rents across Lagos have surged far beyond wage growth. On the mainland, flats rented for about 500,000 two years ago now cost up to 2.5m a year."
"Even if they saved every naira, they still can't afford a 2m apartment. That's why we're increasingly seeing people share apartments just to cope."
Oluwatobi Ogundipe commutes four hours daily from Sango Ota to Lagos Island due to unaffordable housing costs. In 2023, he found a room for 900,000 naira, but fees nearly doubled the price. Lagos, with 22 million residents, experiences significant migration pressure, leading to skyrocketing rents. Flats that cost 500,000 naira two years ago now reach 2.5 million. The national minimum wage is 840,000 naira, making housing unattainable for many. Sharing apartments has become a common solution for those struggling to afford rent.
Read at www.theguardian.com
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