Lagos State Government to Explores Monthly and Quarterly Rent Payment Options 

• The rent options is part of an effort to alleviate financial pressure on residents, particularly those in the low-income bracket.
• The commissioner made it known that the initiative aims to build upon previous efforts, such as the rent-to-own scheme, to make housing more accessible and affordable.
• He added that the government is currently consulting with landlords, developers, and other stakeholders

The Lagos State Government has announced its plan to introduce monthly and quarterly rent payment options as part of an effort to alleviate financial pressure on residents, particularly those in the low-income bracket.

Eko Hot Blog reports that during the 2025 Ministerial Press Briefing, Moruf Akinderu-Fatai, the state Commissioner for Housing, stated that this initiative aims to build upon previous efforts, such as the rent-to-own scheme, to make housing more accessible and affordable.

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The rent-to-own scheme, which has seen considerable success, enables beneficiaries to make an initial payment of five per cent and spread the balance over a decade.

Akinderu-Fatai acknowledged the challenges faced by many residents in meeting annual rent payments and expressed confidence that the new system would provide much-needed relief.

“We believe that monthly or quarterly payment options will give people more breathing space and reduce the stress associated with sourcing lump sums,” he added.

He added that the government is currently consulting with landlords, developers, and other stakeholders to resolve potential challenges related to enforcement and payment systems before rolling out the initiative.

“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 revealed that a pilot phase is being planned in selected areas of the state.

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“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 stated.

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