Lagos State to Launch Monthly and Quarterly Rent Options to Ease Housing Burden
In a move aimed at easing the housing burden on residents, the Lagos State Government has revealed plans to introduce monthly and quarterly rent payment options. This new policy, still in its development phase, seeks to provide relief for low- and middle-income earners struggling with lump-sum annual rent demands.
Lagos Government Eyes Flexible Rent Payment to Support Residents
As part of ongoing efforts to make housing more affordable and accessible, the Lagos State Government is set to roll out monthly and quarterly rent payment systems for residents across the state.
The announcement was made by the Commissioner for Housing, Moruf Akinderu-Fatai, during the 2025 Ministerial Press Briefing marking Governor Babajide Sanwo-Olu’s second year in office.
Akinderu-Fatai explained that the proposed policy is designed to alleviate the financial pressure on tenants, many of whom struggle to pay hefty annual rents.
“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.
This move builds upon the earlier success of the rent-to-own housing scheme, which allowed participants to make an initial 5% down payment and spread the remainder over 10 years. Encouraged by the positive reception of that initiative, the state government is now working toward even more flexible options.
Current Status and Next Steps:
Stakeholder consultations are ongoing with landlords, developers, and legal advisors to address potential challenges such as:
Landlord cooperation
Payment enforcement
Digital rent tracking systems
A pilot phase is currently being planned in select areas of Lagos, as the government works on fine-tuning the model before a state-wide rollout.
“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 emphasized.
Why It Matters:
Lagos is Nigeria’s most populous and expensive city. Many residents, especially low-income earners, face steep rent demands that lead to housing insecurity. If successfully implemented, this policy could reshape the rental landscape, reduce homelessness, and make housing more inclusive.
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