The spike comes amid a worsening housing shortage, as demand continues to outstrip supply. For many families, this means being trapped — struggling to meet new rent demands or forced to face the costly alternative of relocation. In Mushin Olosha, Abosede Sexperienced this firsthand when her two-bedroom flat rent jumped by 87.5%, from ₦800,000 to ₦1.5 million per year. Despite a...
If you’ve ever tried to buy land in Nigeria, you’ve likely encountered a document called the Governor’s Consent. It comes up in every serious property conversation, appears in every lawyer’s checklist, and yet remains one of the most misunderstood concepts in Nigerian real estate. Many buyers assume that once they’ve signed a Deed of Assignment or received a Certificate of Occupancy, their...
Article Summary: The article discusses affordable housing in Africa, where 800 million people live in informal settlements despite high population growth. Experts acknowledge that private capital can't solve the issue due to low margins, suggesting governments and developers must collaborate. Possible solutions include subsidies, mandatory affordable housing elements, and temporary incentives to...
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