Babatunde Fashola has called for a review in the
way Nigerians pay two years house rent
whenever they are seeking to get an apartment.
He stated this while speaking at a press
conference in Abuja recently
"The way we collect rent is something that
must change. If we are collecting two
years rent in advance from a salary that is
going to be earned in arrears monthly,
there's an accounting mismatch. This is
something many of us have experienced,
you pay two years rent in advance money
you haven't earned.
Something is distorted somewhere in our
accounting model. We must all resolve,
property owners alike, that maybe if we
changed the way we collected rent alone
many houses that are unoccupied, will be
occupied. I am inclined to think that if we
just change the payment system for
housing we will accommodate a significant
number of people." he said
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