In response to the escalating house rents in Ekiti State, the state government has taken decisive action by setting up a tribunal aimed at regulating rental prices. This initiative comes from the Special Adviser to the Governor on Land and Mortgage Development, Dr. Gboyega Oloniyo, who highlighted the alarming trend of overcharging residents for accommodation. Given Ekiti's rising profile as an investment destination, the government recognizes the necessity for fair housing practices that reflect the growing influx of people requiring adequate shelter.

During a recent sensitization program in Ado Ekiti, themed 'Connecting homeowners and making accommodations accessible to all in Ekiti State,' key stakeholders from the real estate sector convened to discuss housing solutions. The gathering included government officials, landlords, estate agents, and professionals such as surveyors and valuers. Dr. Oloniyo emphasized the importance of providing value for money in housing arrangements as the state struggles with the pressures of increased demand for housing due to its development as an economic hub.

The tribunal's establishment signals the government's commitment to ensuring that residents in Ekiti State do not face unfair rental practices. Given the discussions among industry stakeholders, there is hope that the initiative will promote transparency and fairness in housing, ultimately benefiting the community by making affordable accommodations more accessible to all.