Business
RSG Wants Market Forces To Decide House Rent
In the midst of rising house rents in Port Harcourt and its environs and the mounting pressure from the public for government to intervene, the Rivers State Government has said that the house rent matter should be left to the market forces of demand and supply.
The governor’s position was in response to question urging government to come up with a law to regulate house rent, just as it had earlier done on the issue of matching ground levy and other land development impositions across the state by agents and touts.
He, however, assured that the state government was determined to develop the housing sector, adding that the Rainbow Housing Estate is not the only housing project that government was involved in.
Amaechi also said that it is not true that government has no policy on housing, or that it has not developed any housing policy to meet the housing demands of low-income earners, adding that the Diobu Housing Estate is one of such that is being planned for the low-income group.
Meanwhile, appeals have been made to the Rivers State Government to also intervene in housing provision for the low income earners, especially those in the public service, through the provision of affordable mass housing, so that those going on retirement can have permanent accommodation.”
It would be recalled that the issue of house recent in Port Harcourt and its environs has been on a centre stage of discourse, due to the prevailing high rent and exploitation of tenants occasioned by high demand.
Corlins Walter
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