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?”
'
'
'
'Do you want to share a story with us? Do you want to advertise with us? Do you need publicity for a product, service, or event? Contact us on WhatsApp +2348183319097 Email: platformtimes@gmail.com
We are committed to impactful investigative journalism for human interest and social justice. Your donation will help us tell more stories. Kindly donate any amount HERE
