In Lagos, comfort often comes at a price. Patrick Oke, a resident of Kayfarm Estate in Obawole, Ifako-Ijaiye Local Government Area, shares his experience of paying an annual service charge of N300,000 for his two-bedroom flat.
This service charge is a significant part of his overall living expenses, considering that his rent alone costs N2.8 million per year.
While he acknowledges that this fee is lower than what some residents in more upscale estates pay, he notes that it is still a substantial sum for services like security and cleaning.