In a bid to bridge the housing deficit gap in the country, the Lagos State government recently reassured residents that it has put in place N5billion to kickstart the state’s monthly tenancy scheme in 2025.
Speaking at Law FM’s morning show tagged, ‘Let’s talk monthly rent in Lagos’, Ponnle urged the Lagos state government to put in appropriate policies that will attract private sector investors to the long term gains in rental schemes as opposed to outright sales.
According to him, 70 per cent of the population in Lagos spend more than 50 per cent of their income on housing yearly, which leaves them with barely little to make ends meet. And it is also worth considering that the rental scheme system presently accounts for the home needs of 80.7 per cent of Lagosians.
