2025, Vol. 7, Issue 3, Part A

Author(s): Oboro Emmanuel David

Abstract: This study aims to investigate the impact of "Yahoo boys" on the cost of renting a house in Warri and the surrounding areas. As they seek accommodation in more upscale areas, traditional pricing structures are disrupted, prompting landlords to adjust their rates accordingly. Multiple regression analysis was employed to analyze the data, using two regression models: linear and log-linear. Each model revealed different impacts on the relationship between housing rental prices and their influencing factors. Notably, the linear and log-linear models produced similar findings, indicating that general inflation, limited housing supply, the presence of Yahoo boys, and population growth are all significant and positively correlated with housing rental prices. However, the landlords' decisions were significant only in the linear model, while they did not show significance in the log-linear model. The log-linear model emphasized the significance of electricity supply and fences, while the linear model showed no significance. The study recommends that the federal government address internet fraud and the rising housing prices in Warri, Delta State. The increase in "Yahoo boys" scams threatens financial security and the community's reputation. To combat this, stricter regulations, cybersecurity awareness programs, and community outreach initiatives are necessary. The high demand for affordable housing in Warri exacerbates socio-economic disparities. To address this issue, the government should promote the construction of affordable housing, incentivize local developers, and provide financial assistance to low- and middle-income families. Additionally, controlling inflation and supporting sustainable urban development can help reduce living costs and improve the quality of life for low-income earners.

DOI: 10.22271/multi.2025.v7.i3a.622

Pages: 08-21 | Views: 72 | Downloads: 34

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