Soaring House Rents Force Ondo Residents Out Of Akure

Rising house rents in Akure, the Ondo State capital, are forcing some residents, particularly low-income earners, to relocate to the neighbouring communities and their hometowns where accommodation is relatively cheaper.
The development has heightened concerns about the rising cost of accommodation, with tenants struggling to cope with rising rents amid high food prices and other expenses.
Findings by LEADERSHIP showed that annual rents vary significantly across neighbourhoods in Akure, with some apartments going for over N1 million, depending on their location, size and available facilities.
In Oba-Ile, a single-room self-contained apartment goes for between N300,000 and N500,000 a...