Rents crash by 50% as businesses, individuals relocate

The persistent traffic gridlock along the Apapa – Oshodi Expressway has
forced mass relocation of businesses and individuals out of Apapa, causing
property rents to crash by 50 percent.
The Apapa-Oshodi Expressway links the nation’s biggest seaport, Apapa port, to
other parts of the country. Hence most of the goods imported or exported are
transported through this major road. The road in recent times has been
rendered impassable due to traffic gridlock caused by several factors, chiefly
tankers carrying petroleum products, which converge on the road in their
hundreds to load products from the various petroleum tank farms located within
and around Apapa city.