Alright, I'm going to drop my bombshell and opinion on the matter.
What you need to understand is that the cost of living is not something new to everyone, it is not as it use to be in the past 5 years, we know that the economy has been on declined and due to some changes of the government and when a country is trying to transform, there is no doubt everybody will feel the pain, nobody will be left out, that's said.
The purchasing power of the Nigerian currency is nothing new anymore. I remember back in the days when a million naira use to be a big thing, anytime people say they just make their first millions, everyone around you will celebrate with you and be happy for you to.ise that money wisely into another business but today, what happen? People see a million naira as nothing, the youngs ones partied it away like it's nothing and that's shows you how the economy is been affected across all angles.
The increase of housing and estates are not different from what is happening in the economy. Landlords build houses as investment and they depends on this yearly rents from tenants to make a living, feed their families, send children to schools, pay bills and sort out other things of life. They don't have choice than to increase their own bills of housing because what they are buying at x amount has 3x amount today, despite that I know it's as a result of greed, I don't blame them much but the government.
Solution opinion to the situation
The government could play and help minimize this hiking rents issues simply my issuing mandatory orders on every landlords and give them a specific range of charges they are expected to rent their house and anyone violating the rules must be penalized and every landlords must issues rentage receipts to every of its tenants because the amount stated in the receipt would be used to justify any of the reported landlords if overcharging their house occupants and there should be an active functioning phone number that is to be reached and report any forms of the landlords.
I think the cautioned of governments authorities to the landlords would help this nature of situations.
Your solution is funny because will the government feed the landlords? Are they going to help them pay bills and pay for education of their children when that's there only place to do the basic things the government has failed to establish.
Let's the government fix the economy, this will adjust own it's own because people will not be willing to pay for high amount when they know it doesn't worth it in a good economy.