Agba, I understand the idea of capping rents at 5% of certified value in Lagos.
However, history shows this isn’t the best way to fix Nigeria’s housing crisis.
Look at Argentina. People there celebrated a 40% drop in rents, but it wasn’t magic or government price controls.
President Javier Milei repealed rent control laws, freed up the market, and suddenly landlords flooded the market with properties.
Supply exploded, outpacing demand, and prices fell naturally through competition.
That’s exactly why I’ve been warning against the loud calls for rent control here in Nigeria.
Rent caps sound nice, but they kill new construction, discourage maintenance, and shrink supply....the exact opposite of what we need.
Landlords who can’t make a decent return simply pull out or stop building. We’ve seen it play out again and again around the world.
Argentina proves there’s a better path: increase housing supply.
Streamline construction permits, cut red tape for developers, offer real incentives for builders, and back genuine affordable housing projects.
Make it easier and more profitable to build homes. Let the Lagos-Ibadan train depart from Ibadan by 6 a.m. so it can encourage more people to live in Ibadan and Abeokuta... and rents will come downdrastically.
Capping rents is a short-term political gimmick that creates long-term pain.
The real solution is growth in housing stock, not artificial controls that eventually take properties off the market entirely.
If a landlord can’t make good money, why would they bother investing in or maintaining properties?
Let’s learn the global lesson from Argentina instead of repeating failed policies.
More homes, not more rules. That’s how you actually solve the crisis.
The government must focus on building more houses, not creating more housing rules.
The safest people in this country are bandits and so-called politicians. The rest of us hope on God for our safety because we can’t hold our government accountable.
At this point, even if you and sense aren’t on good terms, I don’t need to tell you that Tinubu is nothing but a failure.
What a country! 🥲🥲
AMBO is loosing ikire to Lere
ILESHA also in the bag
this coming Osun gubernatorial election will be so fun, unofficial aides be ready to gather tears
i will be there
@jrnaib2 Those who didn't perform Al Qunut against Buhari failed administration because he was a northerner but now criticize Tinubu and want to perform Al Qunut are the real enemies of the North and hypocrites..
The APC regime in Ọ̀ṣun annihilated Cooperative societies by sitting on members deductions. It was really bad times in those days.
It is no brainer that cooperatives are endorsing @AAdeleke_01 now, he has breathed life back into their hard earned investments.
APC is too detested as a party in Osun State to win the 2026 Governorship election but has the support of most strong political stakeholders and gladiators in the State,
ADC is new to Osun people, and their goal is stii unknown to most voters, but Ogbeni Aregbesola, a popular figure/ determinant of Osun politics, aims to give a fight,
Governor Ademola Adeleke remains a popular Governor amongst the blessed people of Osun State. He is loved by the people and relies on their vote, solidarity, and support for his re-election.
As usual, the 2026 Governorship election of Osun State will be very fantastic!!!
I have noticed a pattern on X. Yoruba APC supporters don't talk about kwara and how terrorism is taking over in yoruba land. They are just after their belly. They are bent on defending northerners. They hardly defend their own. Also,they are in support of hausa/fulani supremacy. Meanwhile, your home is burning but you are cheering people that is burning it.
Ọmọ ale ni gbogbo yín!
THINK YORUBA FIRST!