The Lagos State Government is set to introduce monthly and quarterly rent payment options aimed at reducing the financial strain on residents, especially low-income earners. The plan was announced 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 initiative builds on the state’s earlier rent-to-own scheme, which allowed beneficiaries to pay a five percent initial deposit and spread the remaining cost over ten 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.
Many tenants currently face challenges meeting the demands of annual rent payments. To address this, the government believes a flexible payment structure will provide much-needed relief. According to the commissioner, “We believe that monthly or quarterly payment options will give people more breathing space and reduce the stress associated with sourcing lump sums.”
Highlighting the difficulties many face, Akinderu-Fatai noted, “Many residents find annual rent payments difficult and that the new system is expected to provide relief.”
The government is consulting landlords, property developers, and other stakeholders to iron out potential hurdles such as enforcement, payment tracking, and cooperation. Akinderu-Fatai acknowledged these challenges but assured that discussions are ongoing. “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 added.
A pilot phase is planned for selected areas of Lagos, aiming to test the new system before broader implementation. “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,” the commission
er stated.
