Former Minister of Power, Works and Housing, Babatunde Fashola has called for the review of tenancy laws in states to compel landlords to collect rents monthly.
Fashola made the call while speaking during the launch of his book titled: “Nigerian Public Discourse: The Interplay of Empirical Evidence and Hyperbole”, in Lagos.
The two-time Lagos state governor said that advance payment of rent, up to three years or more, was becoming too much for tenants.
According to him, many houses are empty because of the way rents are being collected.
In his words:
“That is not the only reason, but if you do not understand how dramatic and painful that three, four or five years rent has become to our nation, we have not consciously done anything to it.
Can we bring it down from three years to one year?
Can we hopefully bring it down to six months? Can we let it coincide with when people get paid?
At the end of the month instead of in advance?”
