The Lagos State Government reportedly plans to introduce monthly and quarterly rent payment options to ease the financial burden on residents, particularly low-income earners.
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According to the State Commissioner for Housing, Moruf Akinderu-Fatai, this initiative aims to make housing more affordable and accessible, building on the success of the state's earlier rent-to-own scheme.
The commissioner acknowledged the significant financial strain that annual rent demands place on many Lagosians, noting that the new options will offer relief by reducing the stress of sourcing lump sums.
The government is currently in talks with landlords, developers, and stakeholders to address key issues such as landlord cooperation, payment tracking, and enforcement, and plans to pilot the initiative in selected locations across the state.
The commissioner acknowledged the significant financial strain that annual rent demands place on many Lagosians, noting that the new options will offer relief by reducing the stress of sourcing lump sums.
The government is currently in talks with landlords, developers, and stakeholders to address key issues such as landlord cooperation, payment tracking, and enforcement, and plans to pilot the initiative in selected locations across the state.
from Tribune online
Impossible...Why is the government lost touch with reality....How many people in Nigeria earns monthly? Monthly or quarterly rent payment will cause more harm than good.....What people are clamouring is to remove agents in the house rent value chain.....How can a yearly rent be 1 million naira but the agent will collect over 60% of the rent fee......
ReplyDeleteSecondly, why are you not building low cost houses for Lagosians to cater to low income earners like teachers, artisans e.t.c....In terms of housing in your almost 8 years tenure, what have you done....
2nd base jare....
OK nah
DeleteThis proposal came up some years back.Nobody answer Lagos state o.
ReplyDeleteE reach to laugh like this, Stella
ReplyDeleteA lot of them won't comply.
ReplyDeleteThey should find a way to reduce the unjustified increase without any renovation. They increase today and begin to send threats and court orders after 2months, without considerations. Its depressing.
ReplyDeleteThey shouldn't even bother,it won't work.
ReplyDeleteExcept for state built houses.
The main issue here is the astronomical increase in rent. N70,000 minimum wage cannot get you one room apartment in Lagos.
ReplyDeleteNobody sent Lagos state this biko.
ReplyDeleteLagos State should rather
1. stop the addition of unjustifiable amounts renters have to pay in the name of Agreement, Commission and Caution. The cost of these things has become about same price as the cost of the yearly rent. It used to be a fair fraction/percentage but agents and landlords now charge any amount they wish. Some will say it’s fixed. 1m for a 2-bed flat in some areas, agreement 200k, commission 200k, caution 100k. A while 50% extra!!! It needs to stop
2. Regulate or monitor or control the unjustifiable rent increments. If a landlord must increases rent, it should be by a known percentage and within a fair duration of time. For instance, a tenement agreement I’ve seen said the landlord is within his/her right to increase rent every 4 years. The tenants therefore aren’t surprised when that happens. The agreement I’m talking about didn’t include by what amount though.
The corollary to 2 above is that landlords should not unjustifiably quit tenants/renters just because they want to increase their rents sometimes by over 100% or more. Because it’s become common to see landlords or their caretakers serve notice without good cause and you later find out it’s because they want to double, tripple the rent and they know it won’t succeed with old renters/tenants.
3. Build more low cost apartments for goodness sakes!!! They charge so much for registrations and approvals for citizens to build despite the exorbitantly high cost of building materials yet themselves refuse to invest in real estate to relief these heavily over taxed citizens!!! Come on!
There’s a lot Lagos State can do in the area of housing. Personally, I can’t feel them doing the nearest minimum. Which one is paying monthly or quarterly? Nobody sent the government that mbok
All errors are mine please. Didn’t proofread
Rhod3s
You should have proofread before posting. It’s fraught with unnecessary mistakes.
DeleteFor where? All talk & nothing.
ReplyDeleteJust last week a church sister complained of her Landlady refusing half payment of her rent.
Ok o.Let's see how it goes.l pray is possible.
ReplyDeleteIt's really laughable. You want to control,what you did not build. Dey play. 🙄🙄🙄
ReplyDeleteThis will be a huge relief to tenants, but dem landlords go gree?
ReplyDeletethis is not the whole country need
ReplyDeletedrop the cost of fuel, dollar and others.
I just fainted lol.
ReplyDeleteLagos state government is just joking
The Most Complex B
Nice one anyway. The govt should talk to the Agents who are making Landlords to increase their exorbitantly. Agency and Agreement is even higher than the rent o. God help us.
ReplyDelete
ReplyDeleteIt’s good but only if your govt is ready to support landlords by evicting people
The demand for annual rent is cause folks don’t pay and it’s hard to evict
Monthly rent is the norm in many developed countries and the Lagos state government should be commended on this proposal. It may even be beneficial to the landlords who depend solely on rents from their tenants.
ReplyDeleteThis backlash and usual pessimistic response to every government initiative is boring.