Rent Inflation Surges to 33.8% Across Nigeria
Urban rents across Nigeria rose by 33.8 per cent year-on-year, heaping fresh misery on salaried workers, according to the latest Nairametrics Housing Report. The surge in housing costs far outpaces nominal wage growth across major commercial centres like Lagos and Abuja. Landlords are passing on the soaring costs of cement, steel, and private diesel power…