“We believe that monthly or quarterly payment options will give people more breathing space and reduce the stress associated with sourcing lump sums….
The Lagos State Government is working to implement monthly and quarterly rent payment systems to ease housing burdens on residents, especially low-income earners.
Commissioner for Housing, Moruf Akinderu-Fatai, announced the initiative Tuesday during the 2025 Ministerial Press Briefing, commemorating Governor Babajide Sanwo-Olu’s second year in office.
He said the plan continues the state’s affordable housing agenda. “That initiative was well-received, and its success encouraged us to explore new ways to reduce the pressure of yearly rent payment,” he noted, referencing the state’s rent-to-own scheme.
Akinderu-Fatai said many Lagosians struggle with annual rent demands. “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 revealed that consultations are ongoing with landlords, developers, and other stakeholders to address issues like payment tracking and enforcement. A pilot scheme is planned.
“This is not just policy on paper. We are making real progress,” he affirmed.