The Lagos State Government has unveiled plans to introduce more flexible rent payment structures, including monthly and quarterly options. This initiative aims to ease the financial pressure on residents, particularly low-income earners who struggle with annual rent demands.
The announcement came from the Commissioner for Housing, Moruf Akinderu-Fatai, during the 2025 Ministerial Press Briefing held to mark the second year of Governor Babajide Sanwo-Olu’s administration.
“We recognise the strain that annual rent payments cause many Lagosians. By offering more flexible payment models, we intend to reduce this burden and support better living standards,” said Akinderu-Fatai.
He noted that the new structure would lessen the stress of sourcing large sums at once, aligning with the government’s broader housing strategy to improve affordability and inclusivity.
Akinderu-Fatai revealed that the government is in talks with landlords, developers, and other key stakeholders to smooth out implementation details, particularly around enforcement and digital payment systems.
The commissioner also highlighted the success of the existing rent-to-own programme, which enables eligible residents to pay just 5% upfront and spread the remainder over a 10-year period. The initiative has helped many residents move into their own homes with minimal initial financial commitment.
He reiterated the administration’s dedication to housing policies that match the economic realities of the people. “Our goal is to provide practical and inclusive solutions that improve access to affordable housing and raise the quality of life for all Lagosians,” he said.
The flexible rent scheme is set to begin soon, with pilot implementations planned in selected communities across the state.
