The Nigerian House of Representatives has taken steps to regulate house rents across the country, particularly in response to concerns about exorbitant rents in major cities like Abuja. This move is aimed at reducing the financial strain on tenants, especially low- and middle-income earners, by implementing a monthly rent payment system and curbing arbitrary rent hikes.
Key provisions being considered include capping rent prices based on income, introducing penalties for landlords who violate the regulations, and establishing a dispute resolution framework. The House has also called for the construction of affordable housing for civil servants and other low-income groups.
This initiative is expected to offer significant relief for tenants, while landlords may face increased regulatory oversight. The bill is still in progress, with the House’s committees working to finalize the policy recommendations.
