The Lagos State Government says it is working to introduce monthly and quarterly rent payment options as part of efforts to ease the financial burden on residents, particularly low-income earners
The Commissioner for Housing, Moruf Akinderu-Fatai, made this known on Tuesday during the 2025 Ministerial Press Briefing to mark Governor Babajide Sanwo-Olu’s second year in office.
According to him, the move is a continuation of the state’s efforts to make housing more accessible and affordable.
He cited the earlier rent-to-own scheme, which allowed beneficiaries to make a five per cent initial payment and spread the remaining balance over 10 years, noting that the initiative was successful.
“That initiative was well-received, and its success encouraged us to explore new ways to reduce the pressure of yearly rent payment,” Akinderu-Fatai said.
He explained that many Lagosians struggle with annual rent payments, and the new system is intended to provide relief.
“We believe that monthly or quarterly payment options will give people more breathing space and reduce the stress associated with sourcing lump sums,” he said.
The commissioner added that the government is currently in talks with landlords, developers, and other stakeholders to address potential challenges related to implementation.
“Of course, there are issues to resolve — things like landlord cooperation, payment tracking, and enforcement. But discussions are ongoing, and we are listening to all sides,” he stated.
He also revealed that a pilot phase is being planned in selected parts of the state.
“This is not just policy on paper. We are making real progress. We know what this means for many families, and we are determined to make it happen,” he said.
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