Fashola advocates for decrease in House rent nationwide | Welcome to Linda Ikeji's Blog

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Wednesday, 31 May 2017

Fashola advocates for decrease in House rent nationwide

Minister of Power, Works and Housing, Babatunde Fashola, yesterday advocated for a decrease in the house rent collected by landlords nationwide.

Speaking at the inauguration of the board members of the Estate Surveyors and Valuers Registration Board of Nigeria in Abuja, Fashola said going by the economic slow down being experienced globally, most house owners have adjusted their rent by giving their tenants some discount but in Nigeria, that has not been the case. Speaking, Fashola said;


"Just recently, I checked the property markets in some other jurisdictions and because there is a global economic slowdown, what we see is that people are offering discounts in order to ensure optimum occupancy. But I’m not sure that the practice is the same here. So are these values consistent with the realities? Why are we not seeing rates, rents and values drop? Why are we having many houses unoccupied when people are looking for accommodation? The argument sometimes has been that properties are valued higher so that it can have impact on percentages and commissions. Let me just ask you a question since everybody is here; is there nothing that we can do in this country about this practice of demanding rent for two, three years in advance from people who get their salaries monthly in arrears? Is there nothing that can be done, because we can’t continue like this?”

39 comments:

Anonymous said...

The same man who imposed all sorts of altrocious land levies on landlords in Lagos. After paying all the levies, you want me to reduce rent. Hypocrisy

Anonymous said...

In the spirit of the global economic slowdown, let the government too also give Landlords a discount on Land Use Charge, Tenement rates and other property taxes/levies.

Anonymous said...

First talk to Dangote and co to reduce the cost of cement!

Anonymous said...

House rent in Port Harcourt is worse. A self contain goes for as much as 150k-250k or more depending on the area

Anonymous said...

House rent in Port Harcourt is worse. A self contain goes for as much as 150k-250k or more depending on the area

Tiger H said...

First, address the cost of building materials.

When you control the prices of these

We can continue

OSINANL said...

ok...

9ja Parrot said...

What an hypocrisy!!! After burdened the landlords with huge Land Use when he was governor?!

AMIJEZ said...

Shifting responsibility,Mr minister give us electricity as you promised and leave land lords alone,when your government caused us hardship what do you think.

Anonymous said...

Fashola are you joking? With cost of everything on the high side you are talking of people collecting 1yr, 2yrs rent. I think if govt change salaries to bi-weekly and put policies around everything govt controls. It will take time but it will surely work.

Agbomen said...

Especially in Lagos State. Pls tell them, instead they are increasing rents. Haba!!!

becky good said...

You are a stupid man why did government increase fuel price mumu so why won't owner of houses increas their houses na you buy or build the house for them.mumu talk. Tell buhari to reduce the water and light bills first

Anonymous said...

is this man and the govt and the officials he represents not all BASTARDS did they provide the cement and building materials i used to build the house or did they pay laborers, after they all collect hefty sums and allowances this stupid nincompoop will come here and open his gutter and spew the smelling things coming from his decayed mouth.


RANTS FROM A FED UP NIGERIAN

Anonymous said...

Wat is 150k .. ur own beta

Anonymous said...

Why would the price of rent reduce when price of everything has gone up. The landlord has the same responsibilities and you want him/her to suffer? Clueless people in government.

CHERYL (aka FROM GLORY to GLORY) said...

I hope it pulls through...come to abj and you'll realise that as a whole tenant who is a civil servant, you work hard the whole year for landlord...


Long live LIB

molokwu fumunanya said...

Mr Fashiola I wuld lyk to use ur words...since d prices of tinz r going up is Dr nofin dat can be done to bring dem down for civil servants whose salaries r still d same despite d hardship in the country by the APC government of which u r part of?

Emeka Izuogu said...

Shey Na you build the house ni..Mumu talk abeg log on to mumu.com to register

dee boi said...

U want make landlord curse u abi?... dee

Anonymous said...

See person who wanted to increase electric bills immediately he became minister! Mr busy body. I have no power supply for two weeks in my house, flogging generator everyday.
Fasola, Meshionu... Shut up!

desmond chuddy said...

U Don f*kup to lament!!!! U no get relation for lagos state and ask them howfar...guy or girl pls go giv thanks giving for paying such as rent. My shop rent inside strt not island or in road side is 200k a year. Witot toilet. Pls y do u want to spoil my day by remembering me my rents...shift lemme me faint

nkoyo Okoro said...

Clueless people. If u do the analysis you will realise that a tenant pay for accommodation everyday in 365days amount to at least 1500 for a 3bedroom apartment with toilet and bathroom or less depending on the cost..let's Bola Ahmed Tinubu first reduce the cost of his Landmark hotel per night.yeye people who have brought hardship to this land.

desmond chuddy said...

Is dis man OK??? Some one near should help me lash him some slapssss!!!! U said some of this nature 2013 da u will stop d 2yrs rent and agent/agreement in lagos till u die sorry u leav d seat no show. Only agreement/agent fee in lag is 100k above not d real rent...#crying infact thunder fire u there for bringing u dis agn.

nkoyo Okoro said...

Abi oo.silly people

emy zeal said...

They re something u do in the past,it will hurt u in the future..remember when u re governor,what did u do to omo Ni Ile and co,u gave them go ahead,now u see karma

Horochi Chimezie said...

supported, LandLords don kill us bury aswear

PRECIOUS PRECIOUS said...

Laughing in Spanish!

Anonymous said...

Mr. Fashola, you will do well by providing some what constant electricity. You've seem to have failed woefully in that aspect. Do you job and let Landlords be.

Anonymous said...

Fashion you must be sick, did they buy the building materials for free, na you pay the labourers, you don provide light finish, pls leave landlords alone as some of them are still struggling to pay the loan they took from bank. Na hustle them take build there house. Short your trouble to another side as your tenure as governor don end. OKPO!!!

Anonymous said...

Fashion go and take a very big seat

Anonymous said...

Don't landlords have responsibilities, clueless fashion. Start from reducing costs of living and materials then you can come back and talk

Anonymous said...

Reading this just made me hate you fashion the more, shut up if you have nothing to say. Landlords all the time.that was how you stopped the issuing of C OF O na only want survive for this Lagos. Live and let others live,eat and let others eat....wicked fellow

Ademola Folarin said...

Fashola, having so far failed in the task assigned to him, needs some kind of cover-up for his failure. And what can be better than playing to the gallery

Vivian Reginalds said...

LOL
-D great anonymous now as Vivian Reginalds

Ademola Folarin said...

Fashola, having so far failed in the task assigned to him, needs some kind of cover-up for his failure. And what can be better than playing to the gallery

Koko Maurice said...

Just simple comment, na to insult for Nigeria.. Linda you need to stop this comment of a thing

soul child said...

See this minister of darkness O ooo!!!! Your government has refused to help control the price of building materials and you are here yarning dust. Ordinary price of cement has jumped by over 20% since January. Dangote will just wake up and decide to add something on his cement price and this stupid "change" government will keep quiet. Fools in human clothing­čśč I don't blame you, you have to say something

Brenda said...

we really appreciate oga fash....but its a bit too late for that now.

when buildings were springing up at fast rates in the 90's mandatory ceilings should have been placed on the rising cost of rent back then.even a body would have been set up for that but not now...

Anonymous said...

Abeg start by reducing ur salary or using some n pay rent for people.hypocrite!

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