owerri-residents,-redan-raise-alarm-over-high-rents

Owerri residents, REDAN raise alarm over high rents

Share to your WhatsApp & others

0

Residents of Owerri and its environs have appealed to the Imo State House of Assembly (IMHA) to initiate laws that can protect tenants in the city from arbitrary hike in rents.

Some of the residents who spoke to DAILY POST on Monday, said the cost of rents was becoming too high for the tenants to bear in the light of the present economic reality in the country.

A resident, Mr. Martins Nwoke, said, “By the time one pays house rent, school fees, feeds the family and also shoulders some sundry responsibilities, one is left with nothing to save at the end of the month”.

Nwoke regretted that he has been living in Owerri for the past ten years without any reasonable savings as a man living and working in a city.

Also, the Real Estate Developers Association of Nigeria (REDAN) Imo State chapter also condemned the rising high cost of rents being paid by tenants in Owerri and its environs.

The state chairman of the Association, Dr. J.P.K Anyanwu, described as outrageous and unacceptable, the situation tenants in the state are paying between N400,000 to N600,000 or more for a 3 bedroom flat.

REDAN promised that his association will engage landlords and house owners in the state to reduce the cost of rent in the state in order to make houses available especially to low-income earners.

REDAN urged the Imo State Government, relevant agencies, donors and key stakeholders in the real estate development sector to partner with REDAN in the state to ensure the state witnesses mass social and affordable houses.

The REDAN Chairman explained that the Federal Government current Economic Sustainability Plan (ESP) is currently focusing on improving among others, access to power and affordable housing for majority of Nigerians through the Central Bank of Nigeria, Family Homes Funds, Primary Mortgage Institutions and International Donor Organizations.

Owerri residents, REDAN raise alarm over high rents

Share to your WhatsApp & others

0

Leave a Comment

Your email address will not be published.