Minister of the Federal Capital Territory (FCT), Nyesom Wike, has conceded that it was beyond the government to force landlords in the city to reduce their house rents.
Wike explained that rent is controlled by the market.
He spoke on Saturday while inspecting the Zeberced Quarry in Kubwa.
He 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?”
, Nyesom Wike, has conceded that it was beyond the government to force landlords in the city to reduce their house rents.){kind=link}