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Lagos to roll out monthly rental policy to ease burden on renters
In a move aimed at providing relief to renters in Lagos State, the government has announced plans to implement a monthly rental policy by the end of this year or early next year. With approximately 80 percent of the state’s 20 million residents living in rented accommodation, the initiative is poised to significantly impact both individual households and the broader rental market.
Barakat Odunuga-Bakare, Special Adviser to Governor Babajide Sanwo-Olu on Housing, revealed the government’s intention to revisit the monthly rental policy, citing its alignment with global best practices. She emphasized that unlike the prevalent practice in Lagos and other Nigerian cities where tenants pay rents in advance, monthly rentals are common in many countries worldwide.
“We are keen on adopting this approach to rental payments, with rents being charged according to tenants’ earnings,” Odunuga-Bakare stated. She further highlighted the government’s plan to pilot the policy within the public sector initially to assess its effectiveness before extending it to the private sector.
The proposed monthly rental system responds to the rental crisis in Lagos, as acknowledged by Governor Sanwo-Olu in 2021. He emphasized the inadequacy of the current yearly rental model, particularly in high-demand and expensive urban areas, and advocated for a more affordable approach for low- and middle-income earners.
Despite the initial allocation of N5 billion towards the implementation of the monthly rent system, Odunuga-Bakare noted that the slow progress indicates the government’s commitment to ensuring a well-executed policy.
The forthcoming implementation of the monthly rental policy signifies a significant step towards addressing housing affordability and stability for renters in Lagos State.
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Christmas in Naija: How We Dey Manage Celebrate Despite Wahala
News
Edo To Get First Lady As Gov Okpebholo Reportedly Set To Quit Bachelorhood
By Kayode Sanni-Arewa
December 24, (THEWILL) – Barring any last minute change of heart, the governor of Edo State, Monday Okpebholo, is allegedly set to marry his side chick, a California-based lady, Jennifer, the daughter of Sharon Ogaga, who is a native of Auchi and is believed to be in her 30s.
THEWILL reports that the marriage is scheduled to be held in Potter Ranch, California, in January 2024, while Aso ebi for the event is being distributed to friends of the bride for a fee around America, Europe and Africa, the letter of invitation only identifies Jennifer, but does not mention the identity of the husband-to-be, in what appears to be a deliberate attempt to mask governor Okpebolo’s identity and shield him from the controversial move.
What is weird is that Jennifer and her family are being coy with the identity of the man she is marrying.
One of THEWILL’s sources, however, has a direct confirmation that Governor Okpebholo is the “husband-in-waiting.”
“They are only telling people that Jennifer is getting married. They are not revealing the identity of the man. It is obvious they are hiding something, probably they don’t want distractions to taint the ceremony,” one of the sources said.
THEWILL does not know the status of Okpebholo’s current marriage to Blessing Okpabi Okpebholo, the mother of his two daughters, who was a no-show during his inauguration as governor.
It, however, appears that their marriage is over because it is illegal to be married to more than one person under the laws of the United States.
According to one of our sources, Senator Adams Oshiomhole allegedly hooked Jennifer up with the governor.
The governor’s Special Adviser on Media, Osiobughie Okhuemoi, said he was unaware of the development when THEWILL contacted him for comments a few days ago.
THE WILL
News
WATCH moment Tinubu hails FCT minister for his doggedness, sterling performance
President Bola Tinubu has described the Federal Capital Territory, FCT, minister Nyesom Wike as a performing and dogged technocrat.
Naijablitznews reports Tinubu made this assertion during his maiden presidential chat on Monday.
The president rounded up by saying “I doff my hat for the performing minister.
Watch clip below:
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