How Much Rent Have You Paid in Your Lifetime?

Take a quiet moment and do the maths. If you have paid ₦800,000 a year in rent for the last ten years, that is ₦8,000,000 — gone. Enough for a serious deposit on a home, handed to someone else instead.

Most Nigerians never run this calculation because rent leaves the account quietly, one renewal at a time. But across a working life, the total is enormous.

Rent is the one expense that builds nothing

Food feeds you. Transport gets you to work. School fees build your children's future. Rent does none of that for you — it builds your landlord's portfolio while your own net worth stands still.

• ₦500,000/year for 15 years = ₦7.5m paid, ₦0 owned.
• ₦1,200,000/year for 10 years = ₦12m paid, ₦0 owned.

The problem isn't that rent is expensive. The problem is that it never ends, and it never becomes yours.

The honest question is not "how much is my rent?" It is "how much have I already paid, and what do I have to show for it?"

A different way to reach property ownership

RaffleProp runs FCCPC-regulated promotional competitions for real property in Nigeria. Entry starts from ₦2,500, every property is independently valued by an NIESV firm, all funds sit in escrow at a named Nigerian bank, and the winner is selected in a live-streamed, independently witnessed draw.

And your entry value is always protected: if a campaign does not reach its minimum, your full participation value converts to Home Credit you can use on any future campaign. Browse live campaigns, see how it works, or join the waitlist to be first when the next property goes live.

RaffleProp is a promotional competition open to Nigerian residents aged 18 and over. Participation requires passing a skill assessment. Play responsibly.