Introduction: Nigeria’s Missing Link; Rent Data
Almost every Nigerian pays rent.
Almost every landlord collects rent.
Yet, nobody keeps structured, national-level rent records.
We have no:
- national rent database
- verified rent histories
- rent analytics
- standardized verification system
This lack of rent data affects:
- housing decisions
- property management
- credit access
- financial inclusion
- government planning
- landlord-tenant transparency
Nigeria needs a modern rent-data infrastructure, and iRent is pioneering that movement.
Why a Rent Data Infrastructure Is Important
1. It digitizes rental records
No more paper receipts or WhatsApp screenshots.
Everything becomes structured and accessible.
2. It increases transparency
Both renters and landlords benefit from clear, verified histories.
3. It reduces fraud
Rent scams are common:
- fake agents
- forged receipts
- fabricated rent histories
iRent’s infrastructure eliminates these risks.
4. It improves tenant screening
Landlords and PMCs can now verify tenant reliability.
5. It enables credit scoring
Rent behavior is one of the strongest predictors of loan repayment.
6. It improves data for government & policy
Reliable rent data can help the government:
- understand housing affordability
- identify rent inflation trends
- improve urban planning
- track regional housing stress
How iRent Builds a Rent Data Infrastructure for Nigeria
1. Identity Verification
Rent data is linked to:
- BVN
- phone number
- selfie match
This gives rent data legal credibility.
2. Property-Level Mapping
Every record points to:
- property
- unit
- landlord
- amount
- date
This makes the data structured and useful.
3. Verified Payment Confirmation
Landlords or PMCs confirm payment, not just the tenant.
This removes fraud.
4. Historical Data Upload
iRent allows bulk uploads of old rental records.
This builds long-term renter histories.
5. API Access for Credit Bureaus
Credit bureaus can integrate rent data into scoring systems.
6. Data Analytics Layer
iRent can generate insights into:
- rent inflation
- relocation trends
- rental market behavior
- payment stress patterns
This creates a national rental intelligence layer.
Impact on Key Stakeholders
Renters
Fairer access to credit and better housing opportunities.
Landlords
Better screening tools, reduced risk.
PMCs
Modernized, centralized operational tools.
Lenders
Better data → better credit decisions.
Nigeria as a Nation
More data → better policy → better outcomes.
Conclusion: The Future Is Data, and Rent Must Be Part of That Future
Nigeria cannot build a modern financial or housing system without reliable rent data.
iRent is building the infrastructure to make rent:
- reportable
- verifiable
- credit-useful
- structured
- impactful
This is the missing piece of Nigeria’s financial ecosystem and iRent is creating it.