The Lagos State Government is set to roll out monthly and quarterly rent payment plans to ease the strain of annual rent obligations, particularly for low-income earners.
This was disclosed by the Commissioner for Housing, Moruf Akinderu-Fatai, during the 2025 Ministerial Press Briefing held to mark the second anniversary of Governor Babajide Sanwo-Olu’s second term.
Akinderu-Fatai explained that the initiative aligns with the state’s broader strategy to make housing more affordable and accessible. Building on the earlier rent-to-own scheme, which allowed beneficiaries to pay just five per cent upfront and spread the rest over a decade, the government is now looking to give tenants more flexible payment options.
He noted that the high cost of lump-sum yearly rents has been a long-standing challenge for many Lagosians. “Monthly and quarterly rent options will reduce the financial pressure on residents and make housing more sustainable,” he said.
Lagos engages house owners, others
To make the initiative viable, the state is engaging with landlords, property developers, and other stakeholders to address implementation challenges such as payment systems and compliance mechanisms. A pilot rollout is already being prepared in selected communities as part of the phased approach.
“We’re not just talking—we’re acting. This initiative is rooted in our understanding of how hard it is for many families to meet yearly rent demands, and we’re committed to changing that reality,” Akinderu-Fatai emphasised.
