Fashola Berates Biennial Collection of House Rents by Landlords

The Minister of Works and Housing, Babatunde Fashola, says the property owners collecting two to three years’ rent in advance are causing more harm than good to Nigeria’s economy.

Babatunde Fashola, who advocated the drive for monthly rent payments across the country, disclosed this as he urged state governments to look at ways to make the payment of rent easier and more comfortable for both tenants and landlords.

The minister said this during his address at the 2022 National Council Meeting on Lands, Housing and Urban Development, the 11th in the series, which took place in Sokoto State.

Delivering his speech at the event, the former governor of Lagos said, he concede that majority of the houses belong to the private sector and they expect legitimate income from rent for the properties.

He however hold a strong view that asking for two to three years rent in advance from working-class people does more harm than good to all concerned and to the economy.