A Bauchi-based firm has raised concerns over the surging cost of commercial rent in the state, describing it as a significant barrier to business sustainability and growth. The firm highlighted that exorbitant rental prices are not only impacting businesses but also discouraging investment in the local economy.
Speaking to reporters, a representative of the company explained that the rising rents for commercial spaces have become unsustainable, particularly for small and medium-sized enterprises (SMEs). “The cost of renting business premises has more than doubled in recent years, putting immense pressure on operational budgets and threatening profitability,” the representative said.
The company also noted that high rent costs are deterring new businesses from setting up in Bauchi, leading to slower economic development and limited job creation. Entrepreneurs who attempt to launch businesses in the area often struggle to stay afloat due to the financial strain imposed by rental expenses.

Industry experts attribute the escalating rents to factors such as limited availability of commercial spaces, rising property values, and inadequate government intervention in regulating the real estate market. They argue that unchecked rent hikes could stifle entrepreneurship and economic diversification in Bauchi.
To address this issue, the firm has called on state authorities to implement policies that would encourage affordable rents and support business growth. Suggestions include offering tax incentives to landlords who provide competitive rates and investing in the development of commercial hubs to increase the supply of business spaces.
Residents and business owners are hopeful that the government will take decisive action to address the rent crisis. “Affordable rents are crucial for a thriving business environment. Without intervention, many businesses may be forced to shut down, further exacerbating unemployment and economic challenges,” a concerned business owner stated.
As Bauchi continues to seek ways to attract investment and boost economic activities, addressing the issue of high rent costs will be a critical step toward fostering a more business-friendly environment.
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