𝗥𝗘𝗣. 𝗘𝗠𝗠𝗔𝗡𝗨𝗘𝗟 𝗨𝗞𝗣𝗢𝗡𝗚-𝗨𝗗𝗢 𝗜𝗡𝗧𝗥𝗢𝗗𝗨𝗖𝗘𝗦 𝗠𝗢𝗧𝗜𝗢𝗡 𝗧𝗢 𝗔𝗗𝗗𝗥𝗘𝗦𝗦 𝗛𝗢𝗨𝗦𝗜𝗡𝗚 𝗖𝗥𝗜𝗦𝗜𝗦 𝗜𝗡 𝗙𝗖𝗧

•••𝑺𝒆𝒆𝒌𝒔 𝒕𝒉𝒆 𝑰𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝑴𝒐𝒏𝒕𝒉𝒍𝒚 𝑹𝒆𝒏𝒕 𝑺𝒚𝒔𝒕𝒆𝒎 𝒕𝒐 𝑬𝒂𝒔𝒆 𝑭𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝑩𝒖𝒓𝒅𝒆𝒏 𝒐𝒏 𝑻𝒆𝒏𝒂𝒏𝒕𝒔

In response to the escalating housing crisis in Nigeria’s Federal Capital Territory (FCT), Abuja, a member of the House of Representatives, Rt. Hon. Emmanuel Ukpong-Udo (PhD), representing Ikono-Ini Federal Constituency in Akwa Ibom State, has introduced a motion aimed at transforming the rental landscape in the nation’s capital. Titled "Implementation of Monthly Rent to Encourage Inclusive Rental System and Curb Arbitrarily Increase in House Rent in the Federal Capital Territory," the motion seeks, among other things, the Implementation of a monthly rent system to alleviate the financial strain on tenants.

Rep. Ukpong-Udo highlighted several critical issues affecting tenants in the FCT. Among the primary concerns is the common practice of landlords demanding at least one year’s rent upfront, with some requiring as much as two years’ payment in advance. This system imposes a significant financial burden on tenants, especially those with limited incomes. The cost of renting properties in the FCT is alarmingly high, with one-bedroom apartments costing between 1 to 1.5 million naira per year, two-bedroom apartments ranging from 2 to 3 million naira per year, and three-bedroom apartments well over N3.5 million per year. In addition to these steep rents, tenants face exorbitant additional charges, including legal fees (up to 20% of the rent), agency fees (5-10%), service/maintenance fees (N150,000 and above), and caution fees (ranging from N150,000 to N400,000).

Rep. Ukpong-Udo emphasised that civil servants and artisans are already dealing with numerous economic challenges, following the removal of fuel subsidies, rising foreign exchange rates, increased electricity tariffs, and higher taxes and levies. These factors exacerbate the difficulty of managing high rental costs, making it imperative to address the housing issue urgently.
To tackle these pressing issues, the motion proposes the implementation of an inclusive rental system that allows for affordable monthly rental payments. This approach aims to provide tenants with greater flexibility, improve cash flow management, offer reasonable move-out options, and ensure a stable income stream for landlords.

Furthermore, the motion calls for government intervention to formulate policies that regulate house rents and landlord activities in Abuja. It also advocates for the construction of affordable low-cost houses and estates specifically for civil servants, helping to reduce the financial strain on those who serve the community. The motion urged the Federal Ministries of Housing and Habitat and Works to prioritize the construction of affordable housing for civil servants. It also mandates the Committee on Housing and Habitat and Works to ensure compliance with these objectives. By implementing these measures, the motion aims to create a more equitable and manageable rental market in the FCT, ultimately improving the quality of life for hardworking civil servants and artisans.


https://www.premiumtimesng.com/news/top-news/694767-reps-move-to-end-annual-rent-payment-in-abuja.html#:~:text=The%20House%20of%20Representatives%20has,it%20with%20a%20monthly%20system.

This people don't realize what they are trying to do.

Should they introduce this madness , watch how rent of 30k a month will jump to 100k a month. Which is worse, the monthly or yearly.

Nigeria is one of the few countries where accomodations is affordable because of its yearly payment system. Just do mistake and introduce that monthly system and watch how landlord will gradually increase the rent by 5x before you realize it, the money that is usually used for yearly rent payment will become monthly.

This guys don't have sense

All this after tinubu destroyed the Nigerian economy.

Monthly tenant = 7 days notice to quit.

Pierocash:
This people don't realize what they are trying to do.

Should they introduce this madness , watch how rent of 30k a month will jump to 100k a month. Which is worse, the monthly or yearly.

Nigeria is one of the few countries where accomodations is affordable because of its yearly payment system. Just do mistake and introduce that monthly system and watch how landlord will gradually increase the rent by 5x before you realize it, the money that is usually used for yearly rent payment will become monthly.

This guys don't have sense

Valid points raised. But don't you think they might make regulations to moderate pricing too?

Fun fact. In Russia, federal school hostel
A room,
24/7 fast wifi,
washing machine and laundry equipments,
gym equipments,
24/7 electricity,
a kitchen with microwave, fridge and deep freezer (that we rarely use since temperature outside is about ten times colder than the freezer in winter😂)
Toilet and bath with 24/7 cold and boiling water tap (kitchen too)
24/7 central heating in the room

All these facilities mentioned for two students per apartment.
Guess how much we pay per month?
Well in my school it is 'expensive' and we only pay 1250 rubles a month. Approximately 15k naira.
Some federal schools in Moscow students pay $400 rubles a month about 5 to 6k depending on the rate of naira.

The way I stream movies, football, games and several medical videos, honestly I wonder if I can ever survive in Nigeria again .
Food is expensive in my city but a whole wild bird (tastes like old layers and duck, about the size of a prime layers) is 240 rubles. About 3.5k
.
Can 3.5k buy a complete chicken in Nigeria even if it is layers?
I pray God helps the current president to build up our economy and solve our infrastructure problems.
To make studying easier. All my African brothers work at the same place. It's like we got the contract to do the dishes at the restaurant. If you need money or you are broke, just tell the African brothers you want to wash today or maybe tomorrow cux you need money. Regardless everyone has a day in a week that they must go and work. 6pm to 4am. 2,400 rubles.
Which means the wage from a job of about 8 hours can buy 10 complete chicken/wild bird.
This is what a good economy is, I believe.
I am a United States fan (but not England and colonialists) but I believe if Russia had decided to colonize just one African country, that country would have been the number one most successful African country today.

Forget Baba Tinubu. The English people are the originator of our problems.

Every unoccupied, building with high rent should be taxed a very huge amount.

ChristCee:

Valid points raised. But don't you think they might make regulations to moderate pricing too?

Because the government gave landlords free cement to build houses?

Not bad

ChristCee:

Valid points raised. But don't you think they might make regulations to moderate pricing too?

if they have the right template for regulations, Nigeria's inflation won't be at this rate .

Why haven't they regulated it to curb incenssant rent increment before now

Pierocash:
if they have the right template for regulations, Nigeria's inflation won't be at this rate .

Why haven't they regulated it to curb incenssant rent increment before now

👍👍👍True.

jmoore:

Because the government gave landlords free cement to build houses?

.
Nah just regulations to prevent them from making it twice of what it is supposed to be if it were to remain on annual billing.

I thought he was talking about the "Aso Rock Rent"

mushroomFarm:
Fun fact. In Russia, federal school hostel
A room,
24/7 fast wifi,
washing machine and laundry equipments,
gym equipments,
24/7 electricity,
a kitchen with microwave, fridge and deep freezer (that we rarely use since temperature outside is about ten times colder than the freezer in winter😂)
Toilet and bath with 24/7 cold and boiling water tap (kitchen too)
24/7 central heating in the room

All these facilities mentioned for two students per apartment.
Guess how much we pay per month?
Well in my school it is 'expensive' and we only pay 1250 rubles a month. Approximately 15k naira.
Some federal schools in Moscow students pay $400 rubles a month about 5 to 6k depending on the rate of naira.

The way I stream movies, football, games and several medical videos, honestly I wonder if I can ever survive in Nigeria again .
Food is expensive in my city but a whole wild bird (tastes like old layers and duck, about the size of a prime layers) is 240 rubles. About 3.5k
.
Can 3.5k buy a complete chicken in Nigeria even if it is layers?
I pray God helps the current president to build up our economy and solve our infrastructure problems.
To make studying easier. All my African brothers work at the same place. It's like we got the contract to do the dishes at the restaurant. If you need money or you are broke, just tell the African brothers you want to wash today or maybe tomorrow cux you need money. Regardless everyone has a day in a week that they must go and work. 6pm to 4am. 2,400 rubles.
Which means the wage from a job of about 8 hours can buy 8 complete chicken/wild bird.
This is what a good economy is, I believe.
I am a United States fan (but not England and colonialists) but I believe if Russia had decided to colonize just one African country, that country would have been the number one most successful African country today.

Forget Baba Tinubu. The English people are the originator of our problems.

Omo I saw university of Novosibirsk dorm I shock. Clean, 24/7 WiFi, laundry and other amenities all for just $27 a month, I won mad.

Annual rent payment is cheaper than paying per month

mushroomFarm:
Fun fact. In Russia, federal school hostel
A room,
24/7 fast wifi,
washing machine and laundry equipments,
gym equipments,
24/7 electricity,
a kitchen with microwave, fridge and deep freezer (that we rarely use since temperature outside is about ten times colder than the freezer in winter😂)
Toilet and bath with 24/7 cold and boiling water tap (kitchen too)
24/7 central heating in the room

All these facilities mentioned for two students per apartment.
Guess how much we pay per month?
Well in my school it is 'expensive' and we only pay 1250 rubles a month. Approximately 15k naira.
Some federal schools in Moscow students pay $400 rubles a month about 5 to 6k depending on the rate of naira.

The way I stream movies, football, games and several medical videos, honestly I wonder if I can ever survive in Nigeria again .
Food is expensive in my city but a whole wild bird (tastes like old layers and duck, about the size of a prime layers) is 240 rubles. About 3.5k
.
Can 3.5k buy a complete chicken in Nigeria even if it is layers?
I pray God helps the current president to build up our economy and solve our infrastructure problems.
To make studying easier. All my African brothers work at the same place. It's like we got the contract to do the dishes at the restaurant. If you need money or you are broke, just tell the African brothers you want to wash today or maybe tomorrow cux you need money. Regardless everyone has a day in a week that they must go and work. 6pm to 4am. 2,400 rubles.
Which means the wage from a job of about 8 hours can buy 8 complete chicken/wild bird.
This is what a good economy is, I believe.
I am a United States fan (but not England and colonialists) but I believe if Russia had decided to colonize just one African country, that country would have been the number one most successful African country today.

Forget Baba Tinubu. The English people are the originator of our problems.

I'd love to visit Russia but for the language barrier.

Is that Reps duty?

Maybe because they rent houses in Abuja for themselves and friends.

Let it be optional, monthly or yearly.
What if the tenant can't pay next month, considering the Nigerian situation?

Those Reps have nothing to offer. All they do best is steal and keep stealing.

I sincerely pity Nigeria as a Country. Her political leaders are terrible and extremely senseless beings.

They all are cursed

Una wan kill real estate agents be dat na

Better..

They should make it quarterly abbegg..
(Or even bimonthly) For the whole of Nigeria.

Rubbish....
They are not moving to reduce it cost ,they all have houses everywhere. But the move to make it monthly payment

Kingray10:
Every unoccupied, building with high rent should be taxed a very huge amount.

You are bitter!

Did you build the houses yourself?

Or you don't know some people live abroad and build houses in citiesin case of their visits. Note some unoccupied houses were built with hard earned money

mushroomFarm:
Fun fact. In Russia, federal school hostel
A room,
24/7 fast wifi,
washing machine and laundry equipments,
gym equipments,
24/7 electricity,
a kitchen with microwave, fridge and deep freezer (that we rarely use since temperature outside is about ten times colder than the freezer in winter😂)
Toilet and bath with 24/7 cold and boiling water tap (kitchen too)
24/7 central heating in the room

All these facilities mentioned for two students per apartment.
Guess how much we pay per month?
Well in my school it is 'expensive' and we only pay 1250 rubles a month. Approximately 15k naira.
Some federal schools in Moscow students pay $400 rubles a month about 5 to 6k depending on the rate of naira.

The way I stream movies, football, games and several medical videos, honestly I wonder if I can ever survive in Nigeria again .
Food is expensive in my city but a whole wild bird (tastes like old layers and duck, about the size of a prime layers) is 240 rubles. About 3.5k
.
Can 3.5k buy a complete chicken in Nigeria even if it is layers?
I pray God helps the current president to build up our economy and solve our infrastructure problems.
To make studying easier. All my African brothers work at the same place. It's like we got the contract to do the dishes at the restaurant. If you need money or you are broke, just tell the African brothers you want to wash today or maybe tomorrow cux you need money. Regardless everyone has a day in a week that they must go and work. 6pm to 4am. 2,400 rubles.
Which means the wage from a job of about 8 hours can buy 8 complete chicken/wild bird.
This is what a good economy is, I believe.
I am a United States fan (but not England and colonialists) but I believe if Russia had decided to colonize just one African country, that country would have been the number one most successful African country today.

Forget Baba Tinubu. The English people are the originator of our problems.

Why comparing student life that is subsidized to the average working man. You should mention the average cost of ordinary studio rent in Russia, the average salary. I’m not a fan of Nigeria government but Russia is not it also, Russia is just one step ahead of Nigeria in terms of currency .
Try convert your 2400 rubles per day work to dollar or euro and then you will know you are in a stupid country

Black monkeys

Yeyenatu

These Politicians will use their hands to create that revolution that they afraid of






https://www.youtube.com/watch?v=YA50h3loPOM?feature=shared

jmoore:

Because the government gave landlords free cement to build houses?

Lol

Is this even possible

Except there is a way the landlord can stop facilities like water and electricity if you don't pay, Nigerian tenants that are wicked will just use it as opportunity to owe their landlord 4 to 6 months rent. Tenants are wicked oo. If you're a property owner that's when you'll understand from experience.

The only alternative is if there is agreement between the landlord and the tenants workplace and the rent is deducted from salary before it gets to the tenant.

jmoore:

Because the government gave landlords free cement to build houses?

Ask them...

Some people think building is cheap

Even the cost of the land, Rods etc.



If they make it monthly rents, you'll see people moving every month.
Some Nigerians don't know what the yearly rent is doing for them.
Monthly rent nay name so many people go hungry, once they receive their salaries, it'll go straight into rent

Example
Paying N1.2million in a 3 room apartment = 100k per month (less than 100 dollar per month)

Such apartments will become minimum of 150k (100$) per month (N1.8 million per year) if this monthly rent is initiated.
Then expect monthly increase as dollar increases

It will not work.
it is as simple as that buba marura tried it in Lagos and it did not work.
must land lord prefer the bulk payment

Monthly rent payments would make rents far far far more expensive

Are this people dumb? Don't they think?

When we elect daft people this is what you get. The countries where rent is paid monthly have monthly mortgages so the landlord pays his mortgage monthly from his monthly rent. The landlord does not build his house, he buys the house with a small deposit and pays a monthly mortgage.

This man should Instead focus on his colleagues who are causing properties to rise in value because they are are laundering their I’ll gotten wealth purchasing Abuja properties and deliberately keeping them empty because they did t work to build them and they don’t want tenants who will expose the true landlords.