The Lagos State Government has announced plans to introduce monthly and quarterly rent payment options to ease financial burdens on residents, particularly low-income earners.
According to Housing Commissioner Moruf Akinderu-Fatai, the policy aims to complement existing initiatives like the rent-to-own scheme, which allows beneficiaries to pay 5% upfront and spread the balance over a decade.
Akinderu-Fatai revealed the plan during the 2025 Ministerial Press Briefing, noting, “Yearly rents are stressful for many. Monthly/quarterly options will provide relief.” The government is currently negotiating with landlords and developers to address enforcement and payment tracking challenges before a pilot launch in select areas.
“We’re committed to making this work,” he emphasized, signaling a potential overhaul of Lagos’ rental market.
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