April 8, 2016

House Rents Should Be Paid Monthly – FCT Minister

 House Rents Should Be Paid Monthly - FCT Minister

The Nigerian minister of Federal Capital Territory Muhammad Musa Bello has blasted landlords and property managers who make it hard for tenants to afford comfortable abodes in Abuja.

Muhammad Musa Bello who spoke on Wednesday while receiving a delegate from the Nigerian Institution of Estate Surveyors and Valuers, NIESV in his office stated:

“As a body, you must take deliberate steps to bring down the cost of
accommodation through reduction of your charges and commissions.

“I know that you charge between 10-15% but I think that rate needs to
come down, else at some point in the future, legislation will force you
to bring it down.

“Why should we pay rent annually in Nigeria; why should we pay two, three years in advance? All the people you see here including the Minister get their rent
allowance on a monthly basis, only very few organisations in Nigeria pay
rent allowance annually in bulk.

“Why can’t we start asking our tenants to pay rent monthly even if they are in Asokoro, Maitama or wherever?”

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