Houses soaring beyond Lagos residents’ income –Report

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The cost of low income houses is fast slipping beyond the grasp of an average Lagos worker, a new report has found.

“This rule proposes that an individual should set aside at most 30 per cent of their monthly salary to pay for their monthly rent, or 30 per cent of their annual salary to pay for their annual rent.”

According to paylab.com, individuals between the ages of 25 and 34 years old in Nigeria collect a monthly salary between N66,000 and N350,000 depending on the type of job.

 

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Don’t mind the “I built Lagos people”

Residents will need to double or triple their source of income due to the harsh economy situation. Abeg Lagos landlords and landlady's please 🥺 pity people.

very soon, People wey dey shout 'leave Lagos for us', no go fit afford house for their so called Lagos 😭😭

The work needed right now is to decongest Lagos by creating a replica of Lagos in Og state but a lot of work needed to be done in Og state especially in the area of infrastructure and good commercial environment just to be like Lagos but unfortunately Og governor need to work

This is true…

Effect of emigration from other ill-administered states of the federation

Well said

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