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Affordable Places to Live as a Remote Worker in Lagos by Dennis Isong

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Lagos is not the cheapest city to live in, but with the right information, you can find an affordable place that suits your needs as a remote worker.

If you have ever tried working remotely in Lagos without proper planning, you already know how fast your data subscription disappears.

It’s like your WiFi is fasting and praying for deliverance! And let’s not even talk about the rent—some landlords think they are renting out properties in Banana Island when, in reality, it’s more like “Plantain Village.”

Lagos is a great city for remote workers, but choosing the right area to live in can make all the difference.

You need a place that is affordable, safe, and has stable electricity and internet access. Here are some top locations that fit these criteria without draining your bank account.

1. Ogudu

Ogudu is one of the hidden gems in Lagos. It offers a mix of affordability, security, and accessibility.

The cost of renting a mini-flat (self-contained apartment) in Ogudu ranges from ₦500,000 to ₦1,200,000 per year. The roads are relatively good, and you have easy access to the Third Mainland Bridge, making it easy to get to the Island if needed. Internet service is also strong, with providers like MTN, Airtel, and Spectranet delivering good speed.

2. Abule Egba

Abule Egba has improved significantly in recent years. With the new flyover bridge and better road networks, commuting to other parts of Lagos is much easier.

The area is budget-friendly, with mini-flats going for ₦300,000 to ₦700,000 per year.

There are supermarkets, restaurants, and co-working spaces nearby if you ever need to step out of your home office. Power supply is also fairly stable compared to some other places in Lagos.

3. Gbagada

Gbagada is a sweet spot for remote workers looking for a calm environment that is still close to the business districts.

The rent is slightly higher than in Abule Egba, with mini-flats ranging from ₦700,000 to ₦1,500,000 per year. But the extra cost comes with benefits—better security, less traffic stress, and more reliable power supply. Plus, you get quick access to Ikeja, Victoria Island, and Lekki if work ever demands physical meetings.

4. Ikorodu (Some Parts)

Ikorodu is not just for people who love long-distance travel. Some areas like Agric, Ogolonto, and Ebute are fast developing, with better road networks and growing commercial activities.

You can get a decent mini-flat for ₦250,000 to ₦600,000 per year. The internet connection is not bad if you go with reliable providers. The only downside? If you need to be on the Island regularly, the commute might test your patience.

5. Oshodi-Isolo

Oshodi has changed from the chaotic reputation it had in the past. The Isolo side, in particular, is a solid choice for remote workers. Rent prices are between ₦400,000 and ₦900,000 per year for a mini-flat. There’s good access to transport, markets, and a variety of restaurants. The area is also well-connected to Ikeja and Surulere, making movement easy.

6. Mowe & Ibafo (Bordering Lagos and Ogun State) If you don’t mind living slightly outside Lagos,

Mowe and Ibafo are excellent options. They are along the Lagos-Ibadan expressway, and many professionals are moving there due to lower rent and better housing options. You can get a decent apartment for ₦200,000 to ₦500,000 per year.

The internet connection is getting better, especially with fiber-optic expansion. If you are a remote worker who values peace and space, this might be the best place for you.

Things to Consider Before Choosing a Place

Power Supply: Lagos has unpredictable electricity, so areas with better supply should be a priority. Places like Gbagada and Ogudu tend to have more stable power. • Internet Connection: Check which provider has the best network in the area.

Transport & Accessibility: If you need to move around frequently, consider areas with good road networks and less traffic congestion.

Budget: Don’t just look at rent; consider other costs like service charges, security levies, and water supply.

Lagos is not the cheapest city to live in, but with the right information, you can find an affordable place that suits your needs as a remote worker.

Whether you choose Ogudu for convenience, Abule Egba for affordability, or Mowe for peace and quiet, there is a perfect spot for you.

Just remember, wherever you settle, invest in an inverter or a backup power source—because even in the best areas, NEPA will always remind you that they are in charge!

Dennis Isong and team.

+2348164741041

+2348028667565

+2348164741041

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Business

CBN increases ATM card issuance fee by 50% to N1,500

CBN disclosed this in its Exposure draft of the Guide to Charges by Banks and Other Financial Institutions, OFIs, in Nigeria 2026.

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The Central Bank of Nigeria, CBN, has increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/ credit cards by 50 percent to N1,500 from N1,000.

The apex bank also scrapped the N50 monthly charges for Naira Debit/ Credit Card maintenance which usually includes 7.5 percent Value Added Tax but said customers with Foreign Currency denominated debit/credit cards will continue to pay maintenance fee of $10 per annum.

CBN disclosed this in its Exposure draft of the Guide to Charges by Banks and Other Financial Institutions, OFIs, in Nigeria 2026.

The apex bank also reiterated among other things that the cost of ATM transactions on Merchants PoS will be borne by the Merchant and not the customers.

CBN said: “ATM card Issuance/Replacement charges for regular/basic debit/credit card is N1, 500. “Charges for Premium Debit/Credit/Hybrid Card are negotiable Virtual cards at no charge. “Merchant Service Charge (MSC) (charge to be borne by the merchant).

There shall be no charge to the cardholder paying the merchant.

“All card transactions done by cardholders at a merchant location shall be free of charge to the cardholder, i.e. the MSC shall be borne by the merchant.

The MSC payable by a merchant (0.5 percent) subject to a cap of N10,000 shall be the same irrespective of the technology or payment methods.”

In a circular to Banks, Other Financial Institutions and the Public signed by the Director Financial Policy and Regulation Department, CBN, Dr. Rita Sike, CBN said that the review of the guide to charges by banks and OFIs and non bank Financial Institutions was to fulfill its mandate to promote a safe and sound financial system in Nigeria accelerate the adoption of innovative financial services, financial inclusion and micropayments/transaction.

(Vanguard)

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FG Launches Energise Commercialisation Now (ECoN) To Boost Industrial Productivity

The Minister of Innovation, Science and Technology, Dr. Kingsley Tochukwu-Udeh, described ECoN as a national framework designed to bridge the gap between research and the marketplace.

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• Kano ECoN launch by First Lady, Senator Oluremi Tinubu, Thursday 23,2026.

The federal government has launched the Energise Commercialisation Now (ECoN) an initiative of the Ministry of Innovation, Science and Technology.

Nigeria’s First Lady, Senator Oluremi Tinubu, launched the programme in Kano, yesterday, and calling for a shift from ideas to industrial productivity.

The First Lady said that Nigeria must move beyond generating ideas to building industries that create jobs and drive economic growth.

She noted that although innovative concepts continue to emerge from universities, technology hubs and young entrepreneurs, many do not translate into real-world solutions.

“This initiative represents a decisive effort to close that gap by creating an environment where ideas can grow, attract support and scale into real solutions,” she said.

The Minister of Innovation, Science and Technology, Dr. Kingsley Tochukwu-Udeh, described ECoN as a national framework designed to bridge the gap between research and the marketplace.

He said that the initiative aims to transform research outputs into revenue-generating ventures while promoting inclusive economic growth.

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Government Can’t Run Business Effectively – Dele Oye

We all know the failed history of government being involved in business. Ajaokuta… they have blown $8 billion and have not produced one steel; they blew $3 billion on refineries rehabilitation… and nothing happened. We are not having any fuel from them

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Barr Dele Oye, the former president of NACCIMA, at the Vanguard Economic Discourse 2026 edition in Lagos on Wednesday, advised the federal government to limit its role to policy support and facilitation rather than involvement in commercial business activities.

Oye, now the Chairman of Alliance for Economic Research and Ethics (AERE) , cited past failures such as the Ajaokuta Steel Company and refineries rehabilitation projects.

He said: ” We all know the failed history of government being involved in business. Ajaokuta… they have blown $8 billion and have not produced one steel; they blew $3 billion on refineries rehabilitation… and nothing happened. We are not having any fuel from them.”

Oye maintained that government lacks the capacity to run businesses effectively.

” You have no track record in running any business… you cannot be government and also be private sector,” he said.

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