The Federal Government has urged property owners and landlords of private property to start charging their tenants monthly, quarterly or half-year rents, instead of the current practice of charging one, two to three years of advance rents.
It noted that in the post-COVID-19 era, most tenants were owing rents or facing eviction.
The Federal Government said it was evident that most houses available for sale or rent belonged to individuals and private companies, compared to those the state or the Federal Government could provide.
Works and Housing Minister, Babatunde Raji Fashola said this, on Monday, at the 15th Abuja Housing Show.
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The minister, who was represented by the Minister of State for Works and Housing, Abubakar Aliyu said, “It is evident that most houses available for sale or rent belong mostly to individuals and private companies, compared to those the state or Federal Government have available.
“Therefore, many of the tenants who owe rent, who face eviction or who seek to rent or buy property due to the pandemic are dealing with private citizens or companies and less so with government agencies.
“Consequently, my recommendation for improving access and affordability in the COVID-19 era and beyond, as presented at the Federal Executive Council (FEC) meeting and which is still apt for this gathering, is for private companies and individuals to give back some of what they control to citizens in the way that the Federal Government of Nigeria (FGN) has given back to citizens some of what it controls.