Uncategories Lagos Govt Unveils Monthly, Quarterly Rent Payment Plans

Wednesday, 14 May 2025



Lagos Govt Unveils Monthly, Quarterly Rent Payment Plans

May 14, 2025
Commissioner for Housing, Moruf Akinderu-Fatai, revealed the initiative on Tuesday at the 2025 Ministerial Press Briefing held to commemorate Governor Babajide Sanwo-Olu’s second year in office.

Lagos Govt

The Lagos State Government has unveiled plans to implement monthly and quarterly rent payment options to help reduce the financial strain on residents, especially those in low-income households.

Commissioner for Housing, Moruf Akinderu-Fatai, revealed the initiative on Tuesday at the 2025 Ministerial Press Briefing held to commemorate Governor Babajide Sanwo-Olu’s second year in office.

According to Akinderu-Fatai, the proposed rent model aligns with the state’s ongoing efforts to enhance housing affordability and accessibility. He also referenced the government’s existing rent-to-own scheme, which enables beneficiaries to secure homes with a five percent initial deposit and pay the balance over a 10-year period.


“That initiative was well-received, and its success encouraged us to explore new ways to reduce the pressure of yearly rent payment,” he said.

He noted that many residents find annual rent payments difficult and that the new system is expected to provide 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 noted that the government is actively engaging with landlords, developers, and other key stakeholders to address potential challenges surrounding enforcement and payment structures ahead of the initiative’s implementation.

“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.

“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.

 
 
 

OR


2.               CLICK HERE TO DOWNLOAD Tony Gists Entertainment application 

       

 3.                               CLICK HERE TO DOWNLOAD Nysc dating app


4.                              CLICK HERE TO DOWNLOAD TonyGists App 2


5.                              CLICK HERE TO DOWNLOAD new honest creatives application 

 

6.             CLICK HERE TO DOWNLOAD Honest Web Solution


7. CLICK HERE TO DOWNLOAD SMES ( DATA LORD APPLICATION)


Subscribe to Tonygists by Email

 

 

πŸ‘‰ Follow Tonygists on Facebook
https://www.facebook.com/tonygiststv

πŸ‘‰ FOLLOW TONYGISTS ON AUDIOMACK
https://audiomack.com/tonygists

πŸ“Έ FOLLOW TONY GISTS ON INSTAGRAM;
https://instagram.com/tonygists

πŸ‘ LIKE TONY GISTS FACEBOOK PAGE:
https://www.facebook.com/tonygists2

πŸ’Œ CONTACT OFFICIAL TONY GISTS
Tony@tonygist.com or
tonygists2@gmail.com

🐦 FOLLOW US ON TWITTER
https://twitter.com/tonygists1

πŸ”” SUBSCRIBE BELOW
https://www.youtube.com/channel/UCcQcUQOsXxHo4t82UyjqtuQ

πŸ”” Subscribe to honest web solution on youtube:

 https://bit.ly/37AJMEK

πŸ’Ÿ CHAT TONY GISTS ON WHATSAPP
https://wa.me/message/I74BWBVZPQQGC1


✔️ JOIN OUR WHAT'S APP GROUP:
https://chat.whatsapp.com/5McXqrChiwP5uiWO52Rkt7

Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist

Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world

Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists

Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists

Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose

Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions

Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists


© 2025 Tonygists | Portions are © 2025 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.
TonyGists

Share This Post Via

Related Posts

Next
« Prev Post
Previous
Next Post »

Subscribe to: Post Comments (Atom)

Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 


 
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
 
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING

Ads