The Lagos State Government has said there are plans to introduce the options of paying rent monthly and quarterly in the state.
This is in a bid to reduce financial pressure on residents, especially those who are low-income earners.
This was revealed by the state Commissioner for Housing, Moruf Akinderu-Fatai.
Akinderu-Fatai was speaking on Tuesday, at the 2025 Ministerial Press Briefing to mark Governor Babajide Sanwo-Olu’s second year in office.
He also spoke about the government’s previous rent-to-own scheme, which allows beneficiaries to make a 5% 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,” he said.
“We believe that monthly or quarterly payment options will give people more breathing space and reduce the stress associated with sourcing lump sums.
“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.”