News

Lagos Govt Urges Landlords To Make House Rent Monthly Payment 

Lagos Govt Urges Landlords To Make House Rent Monthly Payment

 

 

 

The Lagos State Government has called on stakeholders in real estate, to work out modalities for residents to pay house rents on a monthly basis instead of annually.

Governor Babajide Sanwo-Olu made the call during the Policy Roundtable Dialogue with key stakeholders in the Real Estate Sector in Lekki on Thursday.

The roundtable was organised by the Lagos State Real Estate Regulatory Authority (LASRERA).

According to Sanwo-Olu, a situation where residents face pressure once their rents were due was not palatable.

He also noted that the housing deficit in Lagos State was huge and urged private practitioners to play by the rules.

”The real estate can contribute 20 to 25 per cent to the GDP. We need to have clear data where landlords would no longer be demanding one year rent ahead.

”Landlords should see how they can reduce yearly rent to monthly. The housing deficit in Lagos is huge and unacceptable, but government cannot do it alone,” Sanwo-Olu said.
Angela Davies

Recent Posts

PHOTOS: Davido Receives Luxury Car From Auto Firm For 32nd Birthday

Davido has received a luxury car from an auto firm for his 32nd birthday.  …

19 hours ago

VIDEO: How Primate Ayodele Foretold Simon Ekpa’s Arrest In 2023

Simon Ekpa, a Finnish-Nigerian separatist agitator and self-proclaimed Prime Minister of the Biafra Republic Government…

19 hours ago

Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget

Accuses detractors of peddling news of alleged governorship ambition.   Speaker of the Lagos State…

19 hours ago

Simon Ekpa, Four Others Arrested In Finland Over Terrorism Activities

Simon Ekpa and four others have been arrested in Finland over terrorism activities.   Glamtush…

23 hours ago

Davido Celebrates 32nd Birthday With ₦300m Donation To Orphanages

Davido is excited to celebrate his 32nd birthday with a ₦300m donation to orphanages.  …

1 day ago

America Returnee Found Dead In Ogun Hotel

An American returnee has been found dead in an Ogun hotel.   Glamtush reports that…

1 day ago