High cost of rent: Nigerians now rent shop spaces as apartment 

By Elizabeth Adegbesan

High cost of rent has been a happening of statement aft the COVID-19 era.

Read Also: FG makes thesis submission mandatory for NYSC participants

Many landlords increased rent by implicit 100 per cent pursuing the instauration of  assorted policies by the authorities which affected the purchasing powerfulness of Nigerians. 

Living successful a fancy location gradually became a dream, that if it came to walk radical volition springiness testimonies successful implicit 100 churches.

The norm worsened arsenic landlords present summation rents astir each twelvemonth causing tenants to vacate the location for affordable apartments.

Economy&Lifestyle discovered that the norm has eaten heavy successful the nine that adjacent individuals with a country flat tin hardly wage their rent.

This has led them to cut costs by renting  shops arsenic apartments.Some adjacent had to nonstop their families to their colony portion they remained successful municipality to negociate this uncomfortable store apartment. 

Mr. Jude Boma, a mechanic, said: “ A fewer months ago, my rent of a country and parlour flat was increased by implicit 3 100 per cent.

“As a vulcanizer wherever bash I get N150,000 from?

“My woman suggested we determination to the  religion for a portion aft our rent expires truthful that she tin proceed her occupation arsenic a cleaner. 

“But I rejected the idea  and told her we should see moving to the village.

 “I had to nonstop my household to the colony and rented a store abstraction arsenic an flat with immoderate of my friends, who unrecorded acold distant and spell location weekends.It is not casual but I judge erstwhile determination is life, bully things tin inactive happen.”

Miss Osasowie George, a axenic h2o seller said: “I unrecorded successful a country flat and wage N30,000 a twelvemonth arsenic rent.

“We were 3 then. Not until my landlord’s son increased the rent to N80,000. We begged him but helium refused.“We saw a store successful a thoroughfare attached to a gathering and decided to rent it arsenic an apartment.

“The landlord agreed. We paid N20,000 per twelvemonth since the store was situated successful a caller tract situation wherever radical could hardly rent it for business.

“The rate at which radical conscionable summation rent without considering the tenants is outrageous. Where bash we get specified a high amount for rent? “If it worsens, I volition conscionable relocate to my village.”

Mr. Idris Moshood, a caretaker and flat cause noted that landlords person shops lying vacant successful beforehand of their houses with radical not renting them due to the fact that their determination is not cleanable for business.

“Instead of making them unuseful, they present enactment it retired for rent.

“People specified as  artisans, autobus conductors, load carriers, among others rent these shops to person a spot wherever they slumber and spell to enactment each day.

“Some of them lend to wage the rent, and a minimum of 2 to  3 radical are allowed to rent specified space”, helium added.

Despite the information that astir states successful the state are warring hard to make a conducive program which allows tenants to flight such huge cost of rent burden, galore individuals are connected the brink of being evicted owed to their inability to conscionable up with rent increase.

Vanguard News

The station High cost of rent: Nigerians present rent store spaces arsenic apartment  appeared archetypal connected Vanguard News.