‘Consider monthly rents’ – Sanwo-Olu to Lagos landlords

Sanwo -Olu

The Lagos state government has asked stakeholders in the real estate sector to work out modalities for tenants to pay house rents on monthly basis instead of yearly.

The governor while speaking on Thursday during a policy roundtable dialogue with real estate stakeholders held in Lekki themed ‘International Best Practices On Real Estate Regulations’, organized by the Lagos State Real Estate Regulatory Authority (LASRERA) urged stakeholders to work hand-in-hand with the state government to address the issue of housing deficit and reduce rents to make life easier for Lagosians.

He said the current situation where residents are under pressure when their rents are due is not palatable.

#EndSARS: Sanwo-Olu apologies to Lagosians

”The real estate can contribute 20 to 25 percent to the GDP. We need to have clear data where landlords would no longer be demanding one year rent ahead,” NAN quoted him to have said.

“Landlords should see how they can reduce yearly rent to monthly. The housing deficit in Lagos is huge and unacceptable, but the government cannot do it alone.” The governor said it is clear that there is no proper data concerning the real estate operators in the state thus the need for the LASRERA registration portal.

“This platform will also ensure that we curb bad behaviours either on the landlord side or on the tenant side,” he explained. “We have a deficit, and even the small one we have is not properly done. People are losing money, people are not being sincere.”

See video of when late Nigeria’s first female combat pilot, Tolulope Arotile flew for the first time


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.