Wednesday, June 24, 2026
  • Login
No Result
View All Result
The Business Times
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports
No Result
View All Result
The Business Times
No Result
View All Result
Home Economy

NANS Alarms Over South-West Student Rent Hikes

bySodiq Adeoyo
February 20, 2026
in Economy, Education
0
NANS Alarms Over South-West Student Rent Hikes
13
VIEWS
Share on FacebookShare on Twitter

The National Association of Nigerian Students (NANS) has issued a distress call over the “exorbitant and insensitive” hike in off-campus house rents across the South-West geopolitical zone. In a statement released on Thursday by the Coordinator of NANS South-West (Zone D), Comrade Alao John, the student body warned that many undergraduates are on the verge of dropping out as landlords capitalize on the national economic situation to impose triple-digit rent increases.

The economic and social consequence of this housing crisis is a growing “educational displacement” among Nigerian youth. Students in major academic hubs like Ile-Ife, Abeokuta, Akure, and Ibadan are reporting rent hikes of over 100% in a single academic session. With the removal of fuel subsidies and the floating of the naira already straining parental incomes, NANS argues that these “predatory” housing costs are making higher education a luxury reserved only for the wealthy, threatening the stability of the academic calendar.yuh

Analytically, the crisis is fueled by a severe shortage of on-campus accommodation. Most public universities in the South-West can only house approximately 15% to 25% of their total student population, forcing the vast majority into an unregulated private market. Landlords often justify these hikes citing the rising cost of building materials and “maintenance,” but NANS counters that many of these facilities are dilapidated, lacking basic amenities like consistent water supply, security, or electricity.

The impact on “Student Security and Welfare” is a vital dimension of this alarm. NANS highlighted that as students seek cheaper, far-flung accommodation to save costs, they become increasingly vulnerable to insecurity, including robberies and kidnappings. The student leadership is now calling on South-West governors—including Seyi Makinde (Oyo), Babajide Sanwo-Olu (Lagos), and Dapo Abiodun (Ogun) to intervene by implementing rent control boards and incentivizing private-public partnerships (PPP) for affordable hostel construction.

Furthermore, the association has threatened “massive peaceful protests” and a boycott of local businesses if property owners do not revert to more humanitarian pricing. NANS is also urging university managements to stop “shying away” from their responsibility to regulate the welfare of their students living off-campus. They propose a “Student Housing Regulatory Framework” where schools certify and negotiate standard rates with local landlords to protect students from arbitrary exploitation.

The long-term economic outlook for these university towns depends on a sustainable housing ecosystem. If students are priced out of the market, the local economies which rely heavily on student spending for everything from food to transportation will inevitably collapse. For now, NANS remains on high alert, demanding an immediate tripartite meeting between the government, school authorities, and the Landlords’ Association to prevent an all-out crisis in the South-West education sector.

Tags: Babajide Sanwo-OluDapo AbiodunEducation CrisisHouse rentNANSSeyi MakindeSouth-West NigeriaStudent Housing
Sodiq Adeoyo

Sodiq Adeoyo

Next Post
PDP Faction Rejects FCT Candidate Withdrawal Rumors

PDP Faction Rejects FCT Candidate Withdrawal Rumors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Livestock Minister Seeks Stakeholder Support for Sector Transformation

Livestock Minister Seeks Stakeholder Support for Sector Transformation

3 months ago

OPEC+ Holds Oil Production Steady Through Q1 2026 in Strategic Move Against Global Surplus

6 months ago

Popular News

  • Julius Berger Posts Strong 2025 Results, Eyes Bigger Projects Across Nigeria and West Africa

    0 shares
    Share 0 Tweet 0
  • HBM Nigeria Plc Debuts as Lafarge Africa Completes Rebranding

    0 shares
    Share 0 Tweet 0
  • FG Approves New Petrol and Diesel Imports to Prevent Fuel Shortages

    0 shares
    Share 0 Tweet 0
  • MTN CEO Urges African Unity as Rising Tensions Threaten Investment and Growth

    0 shares
    Share 0 Tweet 0
  • Cash Outside Banks Climbs to N5.19 Trillion as Nigerians Continue to Rely on Cash

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Twitter Instagram TikTok

Newsletter

Pages

  • About Page
  • Contact
  • Domestic Gas Sales Rise 30% as Nigeria’s Energy Reforms Gain Traction
  • Privacy Policy
  • Terms & Conditions

Navigation

  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • BT Exclusive
  • Economy
  • Business
  • Financial Markets
  • Politics
  • Energy
  • Insights
  • Sports

© 2025 The Business Times NG .