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The Managing Partner, Ubosi Eleh & Co, Chudi Ubosi, noted that the issue of the incessant hike can be looked at from a couple of perspectives.
“In addition, the poor infrastructure and services in the majority of Nigerian neighborhoods should ordinarily bear to facilitate development in neighborhoods is usually borne by the developer. These costs have the ultimate result of increasing the cost of delivery of houses, which at the end of the day is transferred to the prospective tenant by way of high rents.”
The immediate past president of the Nigerian Institute of Building, Kunle Awobodu, said it is an aberration when new buildings collapse frequently, while some old buildings are still intact after several years, meaning that something has gone wrong. According to the former president, Nigeria has a systemic failure, where those who are putting up buildings don’t pay attention or abide by the building control regulations.He said, “The construction stage of buildings should be handled by those who by training have experience in building technology, and are licensed to construct buildings. In this case, professional builders become liable if anything goes wrong outside natural disasters.
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