The Lagos State Government has announced plans to phase out annual rent payments in favour of more flexible monthly and quarterly options. The move aims to ease the financial burden on residents, especially low-income earners who struggle with large upfront rental costs. Commissioner for Housing, Moruf Akinderu-Fatai, who revealed the initiative during the 2025 Ministerial Press Briefing, said the initiative builds on the state’s ongoing efforts to make housing more affordable and accessible. He cited the earlier rent-to-own scheme, which allows beneficiaries to pay a five percent deposit and spread…
Read More‘Monthly Or Nothing,’ Lagos Warns Landlords, Scraps Annual Rent For Tenants
