{"id":65764,"date":"2025-05-14T19:17:27","date_gmt":"2025-05-14T19:17:27","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=65764"},"modified":"2025-05-14T19:17:27","modified_gmt":"2025-05-14T19:17:27","slug":"sanwo-olu-targets-monthly-rent-plan-for-lagosians","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/05\/14\/sanwo-olu-targets-monthly-rent-plan-for-lagosians\/","title":{"rendered":"Sanwo-Olu Targets Monthly Rent Plan for Lagosians"},"content":{"rendered":"<p><em><strong>By Adenike Lawal<\/strong><\/em><\/p>\n<p>In what could be a game-changing shift for tenants across Lagos, the state government is gearing up to introduce monthly and quarterly rent payment options \u2014 a sharp break from the long-standing annual rent system that has burdened many households.<\/p>\n<p>Unveiling the plan at the 2025 Ministerial Press Briefing on Tuesday, Housing Commissioner Moruf Akinderu-Fatai said the new structure aims to provide much-needed financial relief to low and middle-income earners.<\/p>\n<p>\u201cThis isn\u2019t theory; it\u2019s a practical step towards financial relief for thousands,\u201d he said, citing the success of the state\u2019s rent-to-own scheme, which allows tenants to pay a five percent deposit and spread payments over ten years.<\/p>\n<p>The proposed flexible payment model, according to Akinderu-Fatai, is born from a simple reality \u2014 annual rent demands often force families into debt, anxiety, or even eviction.<\/p>\n<p>\u201cYearly rent payments are simply unrealistic for many. By introducing flexible monthly or quarterly plans, we believe people will have more breathing space and less financial anxiety,\u201d the commissioner noted.<\/p>\n<p>The government is already holding talks with landlords, property developers, and stakeholders to navigate the challenges ahead.<\/p>\n<p>Key concerns include how to ensure rent compliance, track payments, and gain full landlord cooperation.<\/p>\n<p>\u201cThere are real concerns on both sides, and we\u2019re not ignoring that,\u201d Akinderu-Fatai said. \u201cBut the conversations have started, and there\u2019s a shared understanding of what\u2019s at stake.\u201d<\/p>\n<p>A pilot rollout in select communities is on the horizon, though details remain under wraps. Still, the commissioner insists the wheels are in motion.<\/p>\n<p>\u201cThis is about more than rent. It\u2019s about dignity, stability, and peace of mind,\u201d he concluded.<\/p>\n<p>If implemented successfully, Lagos could set a new standard for urban housing across Nigeria, redefining how residents access and sustain shelter in one of Africa\u2019s busiest cities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adenike Lawal In what could be a game-changing shift for tenants across Lagos, the state government is gearing up to introduce monthly and quarterly rent payment options \u2014 a sharp break from the long-standing annual rent system that has burdened many households. Unveiling the plan at the 2025 Ministerial Press Briefing on Tuesday, Housing [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":65765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-65764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/65764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=65764"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/65764\/revisions"}],"predecessor-version":[{"id":65766,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/65764\/revisions\/65766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/65765"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=65764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=65764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=65764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}