Bello who hosted estate surveyors and valuers said, “As a body, you must take deliberate steps to bring down the cost of accommodation through reduction of your charges and commissions.
The Minister wondered why Nigerian citizens would pay rent on a yearly basis whereas in developed countries such as United Kingdom and United states, tenants pay rents on a monthly basis.
He queried, “Why should we pay rent annually in Nigeria; why should we pay two, three years in advance.
“All the people you see here including the Minister get their rent allowance on a monthly basis, only very few organisations in Nigeria pay rent allowance annually in bulk.
“Why can’t we start asking our tenants to pay rent monthly even if they are in Asokoro, Maitama or wherever?”