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‘It Will Take 20 Years To Buy A House In Lekki If You Earn ₦500k’-Music Producer, Adey

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‘It Will Take 20 Years To Buy A House In Lekki If You Earn ₦500k’-Music Producer, Adey

Popular Nigerian music producer and sound engineer, Adey has made quite a controversial claim on social media as he shares insight on some realities pertaining to the cost of living.

Sighted on his Twitter page, Adey who uses the handle @itsAdey pointed to the fact that it will take 20 years for a Nigerian man or woman who earns 500,000 naira monthly and does not take kobo from it to buy a small apartment in Lekki.

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He tweeted;

If you earn 500k a month and don’t spend a single naira from your salary, it’ll take you 20 years to buy a very small semi detached property on 400sqm in lekki phase1. 

His claim went down well with Twitter users but they quizzed if it was necessary to live in Lekki.

its_siimi: Must you live in Lekki?

dridyusoh: Why must you buy a property in Lekki Phase 1? That one is overreaching please.  Start small, sell and buy another. Then recycle enough times to buy in Lekki Phase 1. Besides, salaries are not for acquiring assets. That’s why we all need a side business that can fund our dream lifestyle

solomon_buchi: God forbid. That’s why y’all should learn crypto because there’s so much money there

susyylicious22: People dey earn 500k for this lagos????

….where una dey see this money na?

unruly_wayward: People wey dey earn 50k per month no even get hope

precious_okoi : What about people earning 50k

it will take them 200years

0_lamide: Na by force to build house for lekki?

dear__choice: 20 years???!!! Na to learn yahoo oh

itz_kingzzz: You mustn’t leave on the island… smart thinkers or investors will still use that money and build a house in that same Lagos , rent it out and make profits… it’s mustn’t be on the island.

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