Lagos govt to implement monthly rent payment soon

The Lagos state government has announced that it will soon start enforcing monthly rental payments.

This was disclosed in a recent press briefing by the Special Adviser to the Lagos State Governor on Housing, Barakat Odunuga-Bakare sharing the news about the upcoming monthly rental system.

Set to be implemented by the end of 2024 or early next year, this initiative is aimed at transforming the way rent is collected in Lagos.

Special Adviser to the Lagos State Governor on Housing, Barakat Odunuga-Bakare

The governor’s aide emphasized the inspiration drawn from other countries where rent is collected regularly, and the plan is to follow suit. According to her, monthly leasing will be rolled out based on tenants’ earnings, making it more adaptable and fair. The first phase will be a trial run within the public sector, ensuring a smooth operation before extending it to private rentals.

While reassuring the public, she mentioned that the N5 billion allocated for the monthly rental plan remains untouched, explaining that the slow start is a sign of the government’s dedication to perfecting the system, emphasizing that the initiative is progressing steadily despite the challenges. The overall goal is to bring positive changes to the housing sector in Lagos.

Dolupo Balogun

Written by Boom RadioNG