UNIMAID Students Warned Against Buying Hostel Spaces at Inflated Prices

As the new academic session approaches, students of the University of Maiduguri (UNIMAID) have been advised against buying hostel spaces at inflated prices.

According to a statement, the demand for hostel spaces is expected to decrease due to a reduction in the number of students residing in hostels. As a result, the university has made hostel applications available to all students, with approximately 55% of students reserving bed spaces.

The statement warns that buying hostel spaces at high prices can lead to regret, citing the law of demand which states that higher demand leads to higher prices, and lower demand leads to lower prices.

Students are advised to be cautious and not pay more than ₦25,000 for a hostel space, as prices are expected to decrease due to low demand.