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Speaking during the 2025 Ministerial Press Briefing, held in honour of Governor Babajide Sanwo-Olu’s second year in office, the State Commissioner for Housing, Moruf Akinderu-Fatai, unveiled the plan to introduce monthly and quarterly rent payment options for Lagosians.

The commissioner spoke plainly, without frills. The people are tired of paying rent in large, unforgiving sums. The government knows this. It has listened. Now it is acting.

The new structure follows the success of the state's rent-to-own scheme, which required only a five per cent down payment and allowed beneficiaries to spread payments over ten years. That program, according to Akinderu-Fatai, proved the people were ready. It proved flexibility works.

“This is not just policy on paper,” he said. “We know what this means for many families, and we are determined to make it happen.”

He spoke of the pain of annual rent demands—how they force families into debt, into desperation, sometimes into the streets. The state now wants to offer breathing space. Monthly and quarterly payments could be the relief many have prayed for.

Of course, there are hurdles: convincing landlords, ensuring proper tracking, and enforcing agreements. But the commissioner was clear—they are already in talks with developers, stakeholders, and landlords. A pilot phase is on the way, and the state is committed.

It is a welcome policy. One that speaks to the realities on the ground. One we hope will not just take root in Lagos, but spread across Nigeria.

At a time when economic pressure has pushed many to the brink, the chance to pay rent in smaller, manageable sums may be the difference between hope and despair.

We at ECP Channel commend the move. Let it not end in fine speeches and press briefings. Let it become real. Let it bring comfort. Let it inspire a nationwide reform.

– Editorial Team, ECP Channel

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