By Tonia Okereke
The Lagos State Commissioner for Housing, Moruf Akinderu-Fatai, has said the state is planning to introduce monthly and quarterly rent payment options.
Akinderu-Moruf explained that is part of the state government’s solutions to reduce the complaints especially among low-income earners.
The Commissioner made the disclosure on Tuesday during the 2025 Ministerial Press Briefing to mark Governor Babajide Sanwo-Olu’s second year in office.
Akinderu-Fatai said the planned policy is a continuation of the state’s push to make housing more accessible and affordable.
He recalled the government’s earlier rent-to-own scheme, which allows beneficiaries to make a five per cent initial payment and spread the balance over 10 years.
“That initiative was well-received, and its success encouraged us to explore new ways to reduce the pressure of yearly rent payment,” he said.
He noted that many residents find annual rent payments difficult and that the new system is expected to provide relief.
“That initiative was well-received, and its success encouraged us to explore new ways to reduce the pressure of yearly rent payment,” he said.
According to him, many residents find annual rent payments difficult and that the new system is expected to provide relief.
He further explained that the government is currently consulting with landlords, developers, and other stakeholders to resolve potential challenges related to enforcement and payment systems before rolling out the initiative.
He said: “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.
“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”.
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