• News - North Central - FCT
  • Updated: May 16, 2024

Reps seek regulation of house rent, activities of landlords

Reps seek regulation of house rent, activities of landlords

The House of Representatives passed a resolution on Wednesday, urging the Federal Capital Territory Administration, FCTA, to develop policies aimed at regulating house rents and the conduct of landlords in Abuja.

The resolution stemmed from the adoption of a motion presented by Rep. Emmanuel Udo, PDP-Akwa-Ibom, during the House session in Abuja.

In the resolution, Rep. Udo advocated for the adoption of a monthly rent system to foster inclusivity and deter arbitrary rent hikes in the FCT.

He emphasized the necessity of implementing an inclusive rental structure in Nigeria to alleviate the housing strain on working-class households, while also providing affordable monthly rentals for individuals with low to moderate incomes."

According to him, the majority of FCT residents are civil servants and artisans who live in satellite towns due to their meagre incomes.

He said that the arbitrary increase of rent in the FCT was burdensome.

“One-bedroom self-contain goes for between N1 and N1.5 million, while two bedrooms go for between N2 and N3 million while three bedrooms go for between N3 and N5 million,” he said.

This, according to him, is due to the current economic hardship for civil servants, who are already grappling with fuel subsidy removal, rising foreign exchange rates, electricity tariff increases, and tax or levies.

He said he was convinced that the monthly rent would provide tenants with flexibility, better cash flow management, reasonable move-out options, and a stable income stream.

He further urged the federal government to build affordable houses for civil servants in Abuja to reduce the burden of paying exorbitant rents.

Adopting the motion, the House mandated the committee on FCT to look into the matter of arbitrary house rent increases in FCT.

The House said that the committee should recommend effective policies to regulate the activities of landlords and report back within four weeks for further legislative action.

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