The Lagos State Government is set to implement the enforcement of a monthly tenancy on property occupancy from next year.

Lagos State Governor, Mr.Babajide Sanwo-Olu disclosed this on Tuesday during the commissioning of 744 home units at LagosHOMS Sangotedo Housing Scheme Phase 1 in Eti-Osa East Local Council Development Area(LCDA) of the state. 

Sanwo-Olu who noted that the building of the housing scheme is in line with his administration’s commitment to bridge the housing deficit and create affordable accommodation for residents said, ” the monthly tenancy agreement scheme is the administration plan to reduce rent burden and our government determination to cater for numerous others who may not have plans or the ability to own homes,but have immediate needs for decent shelter.”

He said: “We are at an advanced stage at enacting what we call the Lagos monthly tenancy agreement scheme. It is a scheme we are ready to develop with some of our financial institutions to be able to have a pull of funds where beneficiaries that are current tenants who are living in houses with flats but who are challenged to pay a yearly rent, would be able to approach the scheme and the scheme would help them pay their one year rent to the landlord. This will ensure that they don’t come cap in hand to borrow.”

“We will look at the tenant’s salary or income and there will be a repayment plan on a monthly basis based on the scheme. The landlord would be happy because he has met his own scheme and the tenant will also be happy because he or she doesn’t need to rush to an uncle or aunty to meet up with a yearly rent.”   

Governor Sanwo-Olu while speaking on his administration’s plan for those who cannot benefit from the Lagos State housing schemes, said “the State Government is deepening its activities in the area of land allocation and speeding up the formalisation procedures for land acquisition and proper title.”

Governor Sanwo-Olu said “there should be orderliness and sanity in the housing sector, promising to tackle the problem of land grabbing and prevent the citizens from obtaining improper title on the land they are buying from various communities.”

Speaking earlier, the Commissioner for Housing, Hon. Moruf Akinderu-Fatai said the continuous provision of decent homes for the residents of Lagos State has become a hallmark of distinction of the present administration led by Governor Babajide Sanwo Olu.

“Within the past 26 months, in line with its pledge and mandate, the State Government has delivered 14 housing schemes in various parts of the State. In addition to the ones delivered, there are still other schemes that are virtually ready and waiting in the wings to be released to the people.

“This transformational drive which is based on the THEMES agenda is powered by the passion to sustain and surpass the status of excellence already achieved by our dear State. And it is definitely an all-encompassing and continuous work as can be seen in all areas of endeavours in the State. This yearning for further improvement is constantly fueled by an innate and unified desire of the leadership to give the best to the people at all times,” he said.

The Commissioner for Housing also spoke on Phase II of the LagosHOMS Sangotedo Housing Scheme, which according to him when delivered will be an additional 444 homes to the housing scheme in the area to impact greatly on the housing deficit statistics in the area.

Hon. Akinderu-Fatai also encouraged Lagosians to continue to support the State Government in all ways, noting that “Our taxes and other positive involvements provide the necessary ingredients for progressive and peaceful governance. I know that with our vibrant support, our Governor will continue to fulfill his mandate to the good people of the State,” he said.