The Lagos State Government is set to implement a monthly and quarterly rent payment system aimed at easing the financial burden on residents, particularly low-income earners who struggle with large lump-sum annual payments.
This announcement was made by the Lagos State Commissioner for Housing, Moruf Akinderu-Fatai, during the 2025 Ministerial Press Briefing marking Governor Babajide Sanwo-Olu’s second year in office.
Akinderu-Fatai said the initiative builds on the success of the government’s previous rent-to-own scheme, which allowed beneficiaries to make a 5% initial payment and spread the rest over ten years. He emphasized that the state is committed to improving housing affordability and that the new policy is a practical response to the housing challenges faced by many residents.
“We believe that monthly or quarterly payment options will give people more breathing space and reduce the stress associated with sourcing lump sums,” the commissioner said.
To ensure the program’s viability, the state is currently in discussions with landlords, developers, and other stakeholders. These talks are focused on addressing potential obstacles such as landlord cooperation, enforcement mechanisms, and rent payment tracking systems.
“This is not just policy on paper. We are making real progress,” Akinderu-Fatai stressed, adding that a pilot phase is in the works for selected areas of Lagos.
The initiative, once fully implemented, is expected to reshape how rent is paid in the state, offering a more flexible model and reducing housing-related financial pressure on families.
