Minister For Power, Works And Housing BRF Takes Ministerial Step In The Housing Sector.

Nigeria's house rent collecting
system must change - Fashola
Former Governor Of Lagos State And Now Minister For Power,Housing And Works 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
in his words he said 

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“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.”
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