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Inioluwa Ogunleye
2 weeks ago
Overview
The Lagos State Government has said it is working 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 Commissioner for Housing, Moruf Akinderu-Fatai, disclosed this on Tuesday 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.
