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RE: A Backward Economy; How Landlords In Lagos, Nigeria Are Turning The State Into An Exploitative Feudal System

in LeoFinance • 4 years ago

I think the issue isn't only affecting lagos, but lagos has a high rate of inflation that other places.

Its really hard as a student to find a decent place to rent these days without paying a huge amount of money that you can use to buy a land somewhere else.

These are issues that the government should look into, to cub this act of extortion but it's the other way round.

In coming years things will be alot more worse.

Its good to read through this post, as it reflects exactly what is happening in Nigeria.

4 years ago in LeoFinance by
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     4 years ago  

    Its as exactly as it is, nevertheless the exploitation is massive in Lagos and it seems as if land will be the new gold in the future.

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       4 years ago  

      it seems as if land will be the new gold in the future.

      Hmmm...well there's a possibility there. Theres no doubt we are heading to the stage where land will be hard to purchase. Anyone who own a land or a house won't be tempted to sell when he could keep getting rent money yearly withour stress.

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         4 years ago  

        Well renting is everly expensive, it the long run it pays to build but then you'll need to move go the suburbs of lagos, into other neigbouring states. The competition is real.

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