On incremental basis, concerns are mounting over regulatory oversights and safety of investments that could trump the boom which short-let properties are recording across Nigerian cities, notably Lagos, Abuja and Port Harcourt.
Clear regulation is absent unlike what obtains in developed markets where short-term rentals are taxed, registered, and monitored. In Nigeria, this segment of the rental market largely operates in a grey zone.
Emmanuel Chiedu, an estate surveyor and valuer, notes that many operators neither pay hospitality taxes no
