The Lagos State Government has declared its intention to implement monthly and quarterly rent payment choices in an effort to alleviate the financial strain on citizens, especially those with low incomes who find it difficult to make sizable upfront rental payments.
At the 2025 Ministerial Press Briefing, which marked Governor Babajide Sanwo-Olu’s second year in office, State Commissioner for Housing Moruf Akinderu-Fatai revealed the new rent policy on Tuesday.
Akinderu-Fatai claims that the program is an extension of the state’s resolve to lower housing costs and increase accessibility.
“That initiative was well-received, and its success encouraged us to explore new ways to reduce the pressure of yearly rent payment,” he said.
The commissioner underlined that many Lagos residents are severely strained by the annual rent requests. He stated, “We think that options for monthly or quarterly payments will give people more breathing room and lessen the stress associated with sourcing lump sums.”
He went on to say that the government is presently negotiating with property developers, landlords, and other interested parties to resolve any issues such safe payment tracking and enforcement procedures.
It is anticipated that a pilot phase will begin in a few regions of Lagos state.
“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,” Akinderu-Fatai added.
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