Ahem, I mean Yaba. Sabo, to be precise.
One room in a serviced 3-bedroom apartment for 81k/mo doesn’t sound like the end of the world.
That is self-furnished with an extra N300, 000(approx.) upfront leading up to N1.2m PA. I really, really need to upgrade my hustle.
4 Likes
When you see the pictures but found out the pricing later
12 Likes
How is 81k/month exciting for a dig?
For an office space? Maybe. But for one room, nah. And with their very thin supply, demand must be mounting a cue so it’s not like I can book it down whenever I want or on a moments notice.
Anyways, one man’s food…
2 Likes
I really don’t see what problem fibre is solving.
Can someone please educate me
3 Likes
That my friend, is a question everyone is afraid to ask. I’m proud of you.
20 Likes
I’ve never laughed this hard… 
1 Like
Thanks daddy
2 Likes
Alas, I remember late last year while I was hunting for an apartment. I came across some serviced semi furnished 3bd apartments at 1 per annum and a 30k monthly service charge on Harvery Str, close to Sabo. Another at Alagomeji for 1.5m and a 50k monthly service charge. Then fibre came along.
So what is fibre and what need is it addressing because what is the differrence btw paying 890k upfront for a ‘self-furnished’ 3bd + 234k per month and paying 1m or 1.2m per annum + 30k/50k service charge for same directly to the landlord?
1 Like
I love your kitchen 
@lordbanks can we agree to term it Silicon Lagoon?
Yabacon valley just sounds so passe.
Thanks.
1 Like
Guess it’s not compulsory we add the Silicon whatever,
Hmm, depends on the way you look at it. Fibre is targeting a niche market in which less than 5% of Lagosians can really afford. The prices are way to high to appeal to the middle class/common man, but the demand for monthly rent payments still exist.
Fibre’s 1 bedroom self contained in Lekki, which is almost the same price as the 1 room in a 3 bedroom apartment in Yaba, is already sold out. IMO, those self contained units will sell like crazy
2 Likes
do we even need to add silicon
1 Like
E joor o. Let’s not turn this to Silicon Lagoon vs Yaba Valley conversation. But the important question: Why fibre?
A form of loan for your rent, that you pay back instalmentally? Because it appyas Fibre Sabo > Fibre-less VGC now.
Fibre Sabo self-furnished (serviced) 1bed PA= N1.2m
Fibre-less Igbo Efon/VGC self furnished(unserviced) 3beds PA= N1.5-2m
If you split eq-2 with 2 other friends, you get to pay an avg N500-600k for an unserviced, self-furnished room. And that’s Igbo Efon—VGC.
Now this is me equating Sabo to VGC, I imagine VGC is more expensive than Sabo any day. But I never stayed in Yaba to have any data.
But if we proceed, it means Fibre loan cost and servicing and “community” =N600k approx. PA. That’s me equating Sabo and VGC.
How much is Wifi.com.ng unlimited Internet for a month again? Well, I won’t discount fuel for generator and inverter so… Maybe all of that is about N400k.
The above might be very unfair to the Fibre guys but on seeing Fibre Sabo, this is the rough calc. that runs in my head. I thought, make I kuku call my boys gather 1.2m, and rent a 3beds. Split it 3 ways. The economy get as e be, boys like me must always bring out calculator. I think the Fibre guys should be aware of this.
To be frank, when I learnt about Fibre, I was the most excited person. For one, landlord-agent rent connected cost like agreement and shit. The other is, I hated I have commit for a year, and in some cases 2. I want to be free.
But this fibre I’m seeing so, is just seeming like same-old. Old wine in new skin. The benefits from installments seem far less than the cost. That’s what I think, or maybe I’m just too broke.
If my pounds sterling don turn to tissue, make I kuku dey live for hotel then na.
After all said and calculated, I wouldn’t mind a Fibre One 2-week trial period. Shebi na Internet company.
8 Likes
Fibre’s price list makes me think I’m robbing my landlord everyday, of course it’s not as fancy as the pictures but the roof holds during this rainy season
4 Likes
With that pricing, are these guys really solving a problem or creating a problem for another startup to solve/disrupt ?
14 Likes
1 Like
That is, ExxonMobil and above. Cc: @Hezeb, see fibre.ng 
4 Likes
2 Likes