House of reps moves to cap rent increases at 20% nationwide
[NigerianEye - Nigeria] - 23/10/2025
The House of Representatives has asked the federal government to work with states to regulate house rent in the country. The parliament passed the resolution during plenary on Thursday, following the adoption of a motion sponsored by Bassey Akiba, a lawmaker from Cross River state. Moving the motion, Akiba said the challenging economic climate is affecting individuals, households, and businesses, especially those in rental accommodation. The legislator said there is often a “sudden surge in rent” in areas after public infrastructure, such as roads, markets, or other amenities, is (…)
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