Property market records 60% vacancy rate, over N1 million drop in rentals
As property market becomes buyers’ market
Stories by Kingsley Adegboye
FOR several years, residents, business owners, workers, transporters and commuters in the Apapa axis of the Lagos metropolis, have been subjected to excruciating pains due to the endless traffic gridlock in the area. That is apart from the situation negatively affecting business ventures within the axis.
The traffic gridlock, caused by decades of neglect of the Apapa/Oshodi Expressway, the gateway to the nation’s economic nerve centre, is getting worse by the day. This is on account of promises by successive administrations, both at the federal and state levels to find a lasting solution to the nagging problem, remaining largely empty as no real action has been taken to resolve the problem.
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