New Cement Price: Landlord Increases Rent of House Built 30 Years Ago Due to High Cost of Materials

A Nigerian landlord said his tenants would have to pay more rent because there was an increase in cement prices.

The landlord reportedly increased the rent on the apartments in his house, citing the skyrocketing cost of vital building materials such as cement.

The story was shared on X by a user named Fitila, who said some individual Nigerians are part of the problem. The post noted that the house the man was increasing rent on was built 30 years ago.

The post reads: “A landlord who built his house over 30 years ago is increasing house rent because cement is expensive. We are wicked to ourselves.”

Reactions as landlord increases rent

@adewalefajana said: “Has he recouped the investment in land and building and made a decent profit margin? Does he maintain the house? Does he pay ground rents? Does he provide facilities that makes the property tenantable- Water? Light? Security? Does he pay for services to manage

@BenDiaspora said: “When that landlord wants to buy rice now, does he travel back in time? Which part of inflation affects everyone did you miss in economics class in high school.”

@kejay_prince said: “Because when he wants to make repairs, he travels back in time.”

Legit NG

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