The Lagos State Government has revealed plans to introduce monthly and quarterly rent payment options as part of efforts to reduce the financial pressure on residents, especially low-income earners.

The state’s Commissioner for Housing, Moruf Akinderu-Fatai, disclosed this during the 2025 Ministerial Press Briefing to mark Governor Babajide Sanwo-Olu’s second year in office.

Akinderu-Fatai said the planned policy is a continuation of the state’s drive to make housing more accessible and affordable.

He recalled the government’s earlier rent-to-own scheme, which allows beneficiaries to make a five per cent initial payment and spread the balance over 10 years.
“That initiative was well-received, and its success encouraged us to explore new ways to reduce the pressure of yearly rent payment.

“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.

Akinderu-Fatai explained that the government is already in talks with landlords, developers, and key stakeholders to address potential issues surrounding implementation, such as enforcement and payment tracking.

“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 said.

He also revealed that a pilot phase of the initiative is being planned for selected locations across the state.
“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,” he said.