We can’t force Abuja landlords to reduce rent – Wike

Newnaija.com.ngwp-content/uploads/2024/03/wike-1-scaled-1-300×201.jpg 300w, https://Newnaija.com.ngwp-content/uploads/2024/03/wike-1-scaled-1-1024×684.jpg 1024w, https://Newnaija.com.ngwp-content/uploads/2024/03/wike-1-scaled-1-1536×1027.jpg 1536w, https://Newnaija.com.ngwp-content/uploads/2024/03/wike-1-scaled-1-2048×1369.jpg 2048w” sizes=”(max-width: 2560px) 100vw, 2560px”>

The Minister of the Federal Capital Territory, FCT, Nyesom Wike has admitted the government cannot force landlords in the city to reduce rent.

According to Wike, the cost of rent is market-driven.

The minister stated this while speaking during the inspection of the Zeberced Quarry in Kubwa on Saturday.

Wike 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?”

We can’t force Abuja landlords to reduce rent – Wike