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
DeleteIf you have low cost land, labour, cement, sand, rods or gravel, bring it out and build your low cost house for yourself . This is how you people waste time till those who have left you are on house number 3.
DeleteWithout agents, tenants are protected from exploitative fees and fraudulent charges that loafers calling themselves agents charge. A lawyer would be fearful of drawing up contracts and stealing from clients as he can be easily reported and disbarred. A tenant can track his payments and log an official complaint with government should his rent increase exceed a certain amount, say 20 percent a year or adequate repairs aren't made. A landlord does not lose many months in unpaid rent and delayed renovations because a tenant won't pay or move out. He can document damages lodge an e-complain, head to small claims court and from NIN/BVN etc, get his due. Budgeting and saving culture comes in on both sides and tech driven solutions eg listings website can serve as the agents so able bodies human beings can find something productive to do instead of wasting precious time scamming others and complaining that the place is smelly. Abi you don't want production again?
This 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.
DeleteOffer the low cost materials and do the low cost labour. In your own home state, how many low cost houses has your governor built? This is in an area of cheaper land and labour o. Please, Lagos is congested. It makes little sense to build loclw cost houses on high cost lands which will then be rented at high cost by the owners living in a high cost environment because economics. USA is short about 5 million houses, UK over 1 million or so. The moment low cost is mentioned, developers head off to places where people don't think math is a joke because low pay is no pay. How many low cost earners are living in 1004 today?
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.
With what? What export have you produced to strengthen the value of the naira? 5 decades of borrowing to shore up the naira value and give you cheap fuel, you said government was doing nothing and you were calling those subsidizing your education, transport, feeding, cement, healthcare, sales and purchases thieves as if you aren't one of them. For each dollar they borrowed, they had to print thousands of naira and borrowed to pay those debts since despite the education, you were not productive like the Okoyas and Elumelus of this world. Now we have run out of money to borrow and our naira printing machine has jammed. The lenders are dragging Nigeria by the neck and we're trying to gain our balance yet the contribution an adult citizen can make is drop the cost of fuel as if you are a kid crying for ice cream.
DeleteWith what? When you were getting the cheap dollar and fuel Nigeria was subsidizing, didn't you cry protest and demand the subsidy be ended on day 1? Didn't you say you want to be productive all of a sudden despite lacking skills? Was that not the memory verse of your campaign?
Please stop behaving like those people that scream at the wrong time during a horror movie. You finally have someone taking tough decisions at a time when people don't want to forgive debts. We have dug a dip whole for 50 years. We are just now trying to get out even paying legacy debts of over 4 billion dollars recently with money gotten from subsidy removal. What GEJ, OBJ, YARADUA, BUHARI didn't have the courage to do, this guy is now doing.
Eat agbado jejely now or be forced to fast. Every parliament must be taken care of whether in the USA or Uruguay so miss me with the BS of those who borrowed trillions we don't have for you to watch Z World under AC also bought themselves SUVs. You are no different. You got your cut.
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.
God bless you for this comment. This blog is riddled with people who just want to nag. There is virtually no unbiased or reasoned response to any initiatives of government. No suggestions on adjustments, no weighing of pros and cons, no contributions on how proposals can be adjusted. Just nag, beg, nag and beg.
DeleteA closed mind is also impervious to opportunities. When you are cynical about everything, you don't even see the opportunity that can prosper you. You spend hours in church, posting and reposting Bible verses but your confession against yourself is negative and backwards yet you wonder why things are same or worsening.
Since when the CNG initiative has started, I am sure no BV has looked into the possible opportunities. Some have not even converted their power generating devices to gas.
Virtually every state government and FCT offer IT /tech or vocational training but no one here has investigated or sought registration so as to stand on their own. It's just confessions of "country hard" to collect a few thousand that won't take you till next year. How many graduates or educated people were chased off farms in the south? Yet, you see rams, cows, goats, fish, turkeys being killed everyday and with the education, you couldn't connect the dotsBut the northerners who didn't abandon their heritage were seen as stealing money when they didn't live in penury after retirement.
In a few years, it would be tales about how that person took a picture with Seyi Tinubu or Akpabio and is now a billionaire because of "connection". An assignment for those who may be being nudged in the right direction, consider the story of people like Tijani and realise your phone will better serve you as a window to the world.