The Minister for Works and Housing, Babatunde Fashola, has advised State Governments to enact laws requiring mandatory monthly rent payments to make housing more accessible to the Nigerian masses.
Fashola made the call on Thursday, October 21st, at the 10th meeting of the National Council on Land, Housing and Urban Development in Ikeja, Lagos.
"We may not be able to make everyone homeowners, but we can reduce the number of homeless or marginalized people every now and then when their rent is due," he says.
I'm sure our country will be a much better place if three years' advance rent, two years' advance rent, or one year 's advance rent for middle class apartments and working-class families is converted into monthly rent payable on order.
Why we may not get there immediately, this is an area of immense marginalization that we can address through national legislative action. This is a matter in which the Federal Government has no legislative competence. It is a matter for the States and I urge you not to turn your back ”.
He said economic indicators showed paying a year or more had an impact on affordability, adding to the housing gap and therefore requiring legislation.
“All state legislators should see this as an important area of representation for their people in order to make life easier. Governors and commissioners must also do this through executive law, ”he said.
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