If you have been keeping up with us this year (and I hope you have), you will have noticed that each analyst in the newsroom has taken on a futuristic approach in their most recent stories. From going into the future of travel to powering up rural areas, and what the upcoming elections will mean for our economy, we’ve kept with our usual tradition of helping you—our readers—stay ahead of the curve.
Not to be contrarian, but I decided to go down a different route today and look into a question you could argue has been around for a long time: why do Nigerians pay rent annually?
This question should be top of mind for anyone looking to rent a home in Nigeria. You see, living in Nigeria is hard—whether it’s because you’re a business owner who has to fork over huge sums of money to pay for expensive diesel for your generator thanks to erratic power issues; or you are a young graduate facing the country’s worst unemployment crisis; or you are just the average citizen living in a country that has settled into a series of bad equilibrium, its hard. Our norm is to adopt a ‘manage it like that’ mentality, even when things are dire.
Then you add the fact