I understand the concern. Not everyone can afford a N100 million house.
Even in countries with well-developed mortgage systems, many people simply cannot service the loans for such expensive properties.
Hence you hear terms like Township and subhurbs.
Our system must also cater to those who cannot afford luxury homes.
We can look toward more realistic and affordable options. In places like Ibadan, decent houses are currently available for around ₦40 million.
New developments in areas like Ikorodu can also offer more accessible opportunities.
For far too long, our policies have primarily benefited a small elite, while the majority of Nigerians have been left behind.
This imbalance is a major part of our national challenge.
We need a deliberate approach to housing that allows ordinary people earning modest incomes to own decent homes... just as it should be in any just society.
There are viable solutions already on the ground. We can work with them.
We must work with them to address the housing crisis facing millions of Nigerians.
@officialABAT, this is an issue that deserves urgent attention.
Kindly attend to it sir.
Thank you..
Nigerian history deserves more than scattered Wikipedia pages. For @1000reasons9ja, I created 1800+ dated moments of Nigerian history. You can now trace Nigeria from the 1300s to 2026.
I also added 200 more reasons against T-Pain’s administration.
https://t.co/1EXFx3V47M
The popular understanding is that rent is “wasted money”. Well, there are other considerations.
Indeed, rent is not cheap. At 15% annual rent growth, someone paying ₦3.5mm annually today could pay over ₦70mm in rent over 10 years and may still not own anything at the end.
However, buying a house comes with a relatively steep cost as well. And the real question is the opportunity cost.
Say a house costs ₦60mm+. If the person invests the money for over, say 15 years, the return could range between ₦700mm+ to ₦2bn, depending on the asset class invested in. House value will only rise to roughly ₦400mm.
Therefore, in this context, it might be better to rent. However, there is an important caveat. And that caveat is that renting and investing only works if the person actually invests the difference. If the money is spent on lifestyle inflation, buying wins because a house implicitly forces savings discipline (it’s an asset too).
@AsakyGRN Influencers that can not influence their own product to sell are the ones you want to give 12-20 million naira.
That's like planting a seed in a glass cup.
Use paid adverts and pay marketing companies if you can.
Just because someone trend doesn't make them an influencer!
Funny thing is despite all the internet chaos, no Nigerian has actually come forward with a picture of them playing chess at the louvre.
It was a cheeky caption same as this one I posted 4 years ago.
So much ado about nothing.
Made a new page: 100 simple questions to ask APC when them ask you to vote for them
Download, share. Next weekend we localize into other languages.
https://t.co/Tuyn02emh6
I created a new page where you can find videos of 2023 APC election violence. It’s important you listen, download and share the audio at the top of the page. Share it everywhere on WhatsApp.
A govt that kills its people does not deserve to rule us:
https://t.co/kITULpJHLz
@PhatboiSham_ah These same ones protesting now were protecting the ones with microphone during their time.
The only thing the ones presently in uniform are thinking of now is how to accumulate wealth by any means so that they won't be in the shoes of the one protesting now and that's dangerous!
@holarofLagos1 The gents creating the apps to solve this issue... refuse to get out of their own bubble. They need to step out of their sophisticated surface and look at it from the eyes of the defeated tenants and landlords or else they will become the problem they are trying to solve.
@holarofLagos1 The agents are smarter than the landlords
Some landlords are dumb... some are in cahoots with the agent to defraud aspiring tenants.
Some landlords are reverting to hanging "To Let" banner at the front of their building and I hope we see more of this
The gents creating the app...
This is all I tell people
Loving Nigeria must not be the same thing as loving a politician. Politicians are not to be loved.
Read your social studies once again,
There is no responsibility for the citizens like "Love a politician"
This does not also translate into mandatory hate for politicians.
Just try one thing, keep your feelings and emotions to yourself. Demand what's due you from politicians. that's all
Politicians are meant to be checked and balanced always. Not loved
Hello Nigerian police, today is Wednesday. I want to believe these four policemen are on their way to Abuja now to see the IGP, every single person on here is interested in this case so we hope their trip isn’t just formalities that’ll end with a pat at the back. We also hope their judgement will be televised like they tr@umatised those innocent boys. WE ARE WATCHING VERY CLOSELY !!
@GodsgreatG There is no way it hasn't crossed the minds of the £ur0peans to directly c0lonize this country again.
Even the A$ians might just be waiting for other continents to go first.
Because...
This is even little from all the shenanigans going on within this country.