Lagos to scrap annual rent, introduce monthly payments

Lagos State Government has announced plans to introduce monthly and quarterly rent payment options, aiming to ease the financial burden on residents, particularly low-income earners struggling with large, upfront rental payments.State Commissioner for Housing, Moruf Akinderu-Fatai, disclosed this on Tuesday during the 2025 Ministerial Press Briefing to mark Governor Babajide Sanwo-Olu’s second year in office.According to Akinderu-Fatai, the initiative is a continuation of the state’