News
  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

We can’t force Abuja landlords to reduce rent – Wike

The Minister of the Federal Capital Territory, FCT, Nyesom Wike has admitted the government cannot force landlords in the city to reduce rent.

According to Wike, the cost of rent is market-driven.

The minister stated this while speaking during the inspection of the Zeberced Quarry in Kubwa on Saturday.

Wike said: “No government puts a cap as regards 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?”

Anambra man of the year award
  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

Comments are closed.

Welcome Visitor

It's your right to block ads. After all, it's your browser.

But it's also our right to protect the integrity of our published product.

I've disabled my ad blocker. Let's get on with it!