The cost of housing in Nigeria continues to skyrocket, with reports showing that two-bedroom flats now go for as high as ₦2.5 million in cities like Lagos, Abuja, and Asaba. Tenants are finding it increasingly difficult to cope, as landlords hike rents beyond the reach of average income earners. Many Nigerians say the housing market is worsening an already tough cost of living crisis.

Experts blame the rising costs on inflation, high demand for urban housing, and the absence of strong government-backed housing schemes. With the naira struggling and construction materials becoming more expensive, property developers argue that they have no choice but to pass these costs on to renters. Unfortunately, this leaves low and middle-class families struggling to secure decent accommodation.

Calls are growing for government intervention through affordable housing projects, mortgage reforms, and rent control policies. Without urgent action, analysts warn that Nigeria’s housing crisis could worsen, pushing more people into overcrowded or substandard living conditions.