Minister Wike says Abuja's rising housing costs are due to market forces, not government control.
Nyesom Wike, Minister of the Federal Capital Territory, has linked the rising housing costs in Abuja to market forces, asserting that the government does not legislate rent prices. He stated that while rent increases are notable, they reflect broader economic conditions and cannot be addressed in isolation. Wike emphasized the importance of regulations but clarified that the housing market operates within a capitalist framework, limiting government control over pricing.
September 14, 2024
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