A civil society group under the aegis of Take-It-Back Movement (TIB) has decried the impacts of the high rents on households’ income across the country and called for government’s intervention. A three-bedroom flat that was previously between N500, 000 to N800, 000 has increased to N1.5 million. A two-bedroom is as high as N1million and N1.2million, while a self-contained unit could be as high as N600, 000 or N1million in some highbrow locations. At a peaceful protest against the high cost of housing in the state, the group lamented the rising cost of housing, particularly in Lagos Island and other areas, describing it as unaffordable for the masses. A statement by the Lagos Island chapter of TIB, said the protest is strongly against the unaffordable cost of housing.

Source: The Guardian January 15, 2024 09:07 UTC