House Rent Hike: Maiduguri Residents Voice Concerns Over Soaring Prices

Residents of Maiduguri have expressed frustration over the steep rise in house rent prices, attributing the phenomenon to inflation and fluctuations in the dollar exchange rate.
Dealers of building materials corroborate these concerns, citing reduced patronage from both estate developers and individuals within the metropolis.
Maiduguri, a prominent city in Nigeria's Northeast region, grapples with a surge in rent prices driven by escalating costs of construction materials in recent months.
Mohammed Najid, a building materials supplier, highlights the drastic price increases: blocks that once sold for N300 now command N500, while rods exceed N3000, and a bag of cement fetches N7800.
Najid laments the downturn in business compared to previous years, attributing it to reduced demand from companies and estate developers due to the inflated prices of construction materials.
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