Tenants Face Up To 200% Rent Increase Amid Stagnant Income

BY KINGSLEY OKOH, Lagos and ANAYO ONUKWUGHA, Port Harcourt The surging cost of house rents across Lagos, Ogun, Abuja, Port Harcourt, Asaba and other major Nigerian cities, amid largely stagnant incomes, is pushing many middle-class Nigerians into severe financial distress and, in some cases, homelessness. Findings indicate that the cost of renting apartments and renewing […]