EDITORIAL: Soaring Rents and Growing Homelessness In A'Ibom
Nothing, absolutely nothing prepared Nigerians for the skyrocketing rents since 2023. Unlike food shortages that most Nigerians are able to handle by returning to their farms, it is impossible for Nigerians to do anything about cost of building materials and rents. Prices of building materials which have gone above the roof are manufactured by big companies and regulated by the government; so, they determine the economic dynamics. The reasons for this high cost of rents that is rendering families homeless is directly connected to the rising cost of building materials. No matter the excuse of the government, Nigerians cannot accept the high cost of building materials and the accompanying huge rents . In the view of The Eyes Portal newspapers, it is totally unacceptable for the administration of President Bola Ahmed Tinubu to care for nothing that Nigerians cannot afford rents or build their own houses. It is surprising that the government is superintending over a ...