Cement hits N13,000/bag: Why Nigerian govt should intervene now – Wammakko

Aliyu Wammakko, an adept successful the lodging assemblage has explained wherefore the Federal Government needs to chopped taxes associated with cement accumulation and see subsidies to bring down the rising outgo of gathering materials and lodging successful Nigeria.

Wammakko made this disclosure successful an interrogation with DAILY POST on Friday.

His comments travel amid a hike successful location rents connected the backmost of rising gathering worldly prices successful Nigeria.

DAILY POST reports that precocious rental costs person been a immense interest for the bulk of Nigerians nationwide.

Speaking successful an interrogation with DAILY POST, Wammakko said the Nigerian authorities should intervene by signing the Real Estate (Regulation and Development) Bill, besides known arsenic the RECON Bill, passed by the 9th National Assembly.

According to him, the terms of cement, which has spiked by astatine slightest 50 percent, needs to beryllium brought down done capable legislation.

Aliyu explained that the soaring prices of cement and robust rods were worsening Nigeria’s lodging shortage and making home-ownership progressively unaffordable for mean Nigerians.

“The astir nagging issue today in Nigeria is the terms of gathering materials,” Wammakko said.

“People are complaining astir paying higher rent. You don’t person to spot the responsibility of the landlords due to the fact that they spell to the aforesaid marketplace you spell arsenic a tenant.

“The higher outgo of rent present successful Nigeri...