Nyesom Wike, the minister of the Federal Capital Territory (FCT), has acknowledged that the government is powerless to compel city landlords to lower rent.

Wike asserts that the rent is determined by the market.

This was said by the minister on Saturday during the Zeberced Quarry inspection in Kubwa.

“No government sets a cap as regards the cost of rent,” stated Wike. The powers of the market are to blame.

You know that expenses have really caused everything to rise. The builder of the house did not construct it with the intention of losing money in the end.

“I don’t agree with individuals who always moan about rent hikes; because everything is going up these days, rent shouldn’t be the exception.

“Would you like us to pass legislation dictating that, for example, the price of a two-bedroom flat cannot exceed N50,000 or N100,000?”