Government can’t force Abuja landlords to reduce rents, says Wike
“…there are increases in everything today, so rent should not be singled out“
The Federal Capital Territory Minister, Nyesom Wike, has acknowledged that the government is unable to compel landlords in Abuja to reduce rent.
Wike mentioned that the cost of rent is determined by the market.
The minister made these remarks during his inspection of the Zeberced Quarry in Kubwa on Saturday.
“No government puts a cap as the cost of rent. It is the market forces.
“You are aware that everything has actually increased because of costs. The man who built the house didn’t build that he would not make profit at the end of the day.
“I don’t agree with people always complaining about rent increases, there are increases in everything today, so rent should not be singled out.
“Do you want us to make a law and say that a 2-bed room flat should not be more than N50,000 or N100,000, for example?” Continue Reading
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